Majority Women-Employed Tech Company Celebrates Internal Successes in Equality, Sets Goals for Gender Parity on Board of Directors, and Calls All to Join In
ATLANTA, March 9, 2020 (Newswire.com) - Trust Stamp, an AI-powered identity services company, honors International Women's Day by announcing their goal to achieve gender parity in their Board of Directors by this day next year. They concurrently celebrate relating successes of this year, both in increasing the company's percentage of female team members and in business outcomes as a result of that effort, all while encouraging companies globally to do the same.
Today Trust Stamp celebrates the 2020 International Women's day by setting the goal of achieving a Board of Directors that is equally represented by women and men, before the next International Women's Day. Trust Stamp has formally asked the two investor groups with power to nominate board members to designate a woman to fill the board seat that each entity is entitled to. Deloitte research shows that women hold just 16.9% of board seats globally, and Trust Stamp launches a call to action for all companies to join them in changing this statistic.
While seemingly ambitious, Trust Stamp’s past successes show that this goal is within reach. As of 2019 International Women's Day, the company's employee-base was just over one-third female. While still above the United States national average for women working in the technology sector, Trust Stamp recognized the disparity, reversed the ratio, and is now proudly elevated by a team of nearly two-thirds women employees.
The team of incredibly accomplished women is highlighted by Emma Lindley, Chief Commercial Officer and EVP of Trust Stamp, founder of Women in Identity, and globally recognized identity industry leader. When speaking on the impact Trust Stamp has realized as a result of their efforts and the need for all companies to join them in striving for equality, Emma says, "We know diversity matters - not just because it's the right thing to do, but because it makes better business sense. Research by McKinsey shows that companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians. We need to have diverse representation at every level within the business to deliver better business returns"
This notion of success through equality has another level of significance in the identity industry. The issue itself, alongside Trust Stamp's progress in addressing it, parallels computational bias in identity systems. The reduction of bias on a technical, algorithmic level is fundamental to the success of any identity system built on biometrics, which is increasingly the core of modern solutions. Emma comments, "Identity is intersectional, and identity systems that work for everyone need to be represented in the people designing, developing and deploying these systems. Diversity in identity isn't just important, it's critical to building better products."
Trust Stamp's mission statement, "To create transformational technology that accelerates secure societal and financial inclusion," is inherently dependent on this matter. Dr. Norman Poh, Chief Science Officer of Trust Stamp, explains how the company's recently announced work to create a secure, non-PII authentication network for developing areas of the word involves much-needed research into equality in biometric processing.
"We are currently working hard to design and calibrate our algorithms to create solutions that work in an unbiased way for target applications and all demographics, which includes addressing populations that the identity industry has historically focused little on," says Norman.
Trust Stamp marks this International Women's Day with efforts on all facets of the company, from the employees that make their achievements possible to the development of technology that provides the stepping stones for global equality and inclusion.
About Trust Stamp:Trust Stamp applies advanced cryptographic techniques and AI-powered presentation-attack detection tools to biometric and other identity data to create a proprietary non-PII Hash™ (EgHash™). An EgHash is unique to the subject and provides a tokenized identity that cannot be reverse engineered, can be matched and deduplicated using Trust Stamp's probabilistic AI, and verified via zero-knowledge-proofs. Trust Stamp technology is used in multiple verticals, including humanitarian and development services, banking, FinTech, KYC / AML compliance, real estate, and law enforcement.
Source: Trust Stamp
Categories: High Technology