Trust Stamp Selected for ICBA ThinkTECH Accelerator
December 08 2023 - 3:50PM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM,
announced today its selection to the Independent Community Bankers
of America’s (ICBA) ThinkTECH Accelerator program, which kicks off
January 8, 2024, in Atlanta.
The sixth cohort selected for ICBA’s ThinkTECH
Accelerator program was handpicked for its community bank-focused
offerings primed to support several critical community bank needs,
including analytics, automation, and compliance. This is the first
of two planned accelerator programs for 2024 as part of ICBA’s
shift to year-round programing and increased investment in
ThinkTECH initiatives to support continuous development and
advancement of community bank innovation.
“As a leading presence in the global financial
services market, we are thrilled to participate in the ICBA
ThinkTECH Accelerator, a vital source of community banking
innovation since 2019,” said Trust Stamp President Andrew Gowasack.
“With Trust Stamp, community banks can leverage biometric and
personal information from their customers to deploy biometric
systems without the risk of biometric data theft.”
Trust Stamp is a global provider of AI-powered
identity services that empowers community banks with biometric
identity solutions that reduce fraud, protect personal data
privacy, and increase operational efficiency through unique data
transformation and comparison capabilities.
Since launching its low-code Orchestration Layer
in 2022, over 35 community banks are implementing Trust Stamp's
technology to combat synthetic identity fraud. "With even more
direct feedback from community bankers and the support of subject
matter experts from the ICBA, we believe we can deliver even more
value to community banks in 2024," Gowasack said.
Since its inception, the ICBA ThinkTECH
Accelerator has connected the most innovative fintech companies
with more than 1,400 community bankers and industry leaders —
identifying and designing workable solutions that solve for today’s
modern banking needs. Participants receive mentorship from a
distinguished network of industry stakeholders through an immersive
10-week bootcamp and will present their refined offerings to
community bank executives during a demo at ICBA LIVE 2024 in
Orlando.
“We are excited to have Trust Stamp join us as a
member of our latest ThinkTECH accelerator cohort,” ICBA Executive
Vice President and Chief Innovation Officer Charles Potts said.
“Fraud and identity management continue to remain a top priority
for community bankers. Adaptive technologies like Trust Stamp,
which offer secure and efficient authentication solutions offer
another layer of protection to help community bankers rest
easier.”
For more information about Trust Stamp, visit
truststamp.ai. To learn more about the ICBA ThinkTECH Accelerator,
visit www.icba.org/accelerator.
Inquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, CEO
Andrew Gowasack, President
ICBA
Email: Nicole.Swann@icba.org
Nicole Swann
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, is a global
provider of AI-powered identity services for use in multiple
sectors including banking and finance, regulatory compliance,
government, real estate, communications, and humanitarian services.
Its technology empowers organizations with advanced biometric
identity solutions that reduce fraud, protect personal data
privacy, increase operational efficiency, and reach a broader base
of users worldwide through its unique data transformation and
comparison capabilities.
Located in six countries across North America, Europe, Asia, and
Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq:
IDAI). The company was founded in 2016 by Gareth Genner and Andrew
Gowasack.
Safe Harbor Statement: Caution Concerning
Forward-Looking Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated
events.
About ICBA
The Independent Community Bankers of America® has one mission:
to create and promote an environment where community banks
flourish. We power the potential of the nation’s community banks
through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community
banks leverage their relationship-based business model and
innovative offerings to channel deposits into the neighborhoods
they serve, creating jobs, fostering economic prosperity, and
fueling their customers’ financial goals and dreams. For more
information, visit ICBA’s website at icba.org.
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