Trust Stamp Receives Nomination for the CNP Awards Best Identity Verification and Authentication Solutions Vendor
ATLANTA, January 23, 2020 (Newswire.com) - Trust Stamp, a global provider of proprietary artificial intelligence-protected identity services, headquartered in Atlanta, has been nominated for the Card-Not-Present (CNP) Awards for the category of Best Identity Verification and Authentication Solutions Vendor. The CNP Awards are judged on the votes and feedback of companies that have implemented the nominated solution. Awards are presented on May 20, 2020, at the CNP Summit™ in San Francisco.
A result of the Trust Stamp's successful growth within the identity solutions market, this nomination follows a series of significant contracts and partnerships that continue to grow the company's list of valued customers. Trust Stamp now contends to be included in The Best of the Best in the Payments and Card-Not-Present Space.
Card-Not-Present primarily refers to digital transactions made in the absence of a physical card examination conducted by the party receiving payment. Lacking the human element of authentication, CNP transactions represent an ever-increasing portion of payments in today’s convenience-centric digital world while also being particularly susceptible to fraud. Insufficient verification of cardholder identity remains the weakest link.
Trust Stamp's identity verification technology is the next generation of user-friendly fraud prevention that seamlessly integrates with existing solutions and boasts interoperability through practical customization. With clients ranging from the most well-known financial institutions to international government agencies and Fintech companies, Trust Stamp maintains a competitive stance in the Vendor Awards.
The consistent support of Trust Stamp's customers proves that their advanced identity authentication solutions present numerous benefits, including increased security, convenience, and cost-efficiency, outweighing perceived risks associated with dramatic innovation. They have paved the way to solidify a coherent value network where Trust Stamp, partner organizations, and end customers thrive from transformative and accessible solutions.
Trust Stamp highlights Vital4 as a current partner organization with shared impact. Amy Barbieri, Co-Founder and CRO of Vital4, says, “Vital4 and Trust Stamp began our partnership by integrating Vital4’s data and AI-driven technology into Trust Stamp’s onboarding solutions. In turn, we quickly realized the value that Trust Stamp’s identity solutions could bring to our background screening clients. Trust Stamp provides a global ID validation solution that our customers can access within our suite of data products through world-class API’s to help power risk decisions for our customers and to achieve the highest level of compliance. Trust Stamp’s team is nimble and easy to work with and we truly value the level of expertise they bring to our partnership.”
“Trust Stamp is thrilled to receive the continual and growing support from the organizations and people we work to protect. Our nomination for the CNP Awards is a great honor and represents a profound moment in our journey,” says Gareth Genner, Trust Stamp CEO.
Genner explained further, “It is incredible to see the impact of Trust Stamp's technology span across vastly different industries, from fraud prevention to societal and financial inclusion, and for that, we are both fortunate and proud. We want to thank the organizations that use our solutions and help us shape the future of identity for making this possible.”
Trust Stamp applies advanced cryptographic techniques and Artificial Intelligence-powered presentation-attack detection tools to any identity data to create a proprietary non-PII Evergreen Hash™ (EgHash™). The EgHash provides a unique tokenized identity that cannot be reverse-engineered, constitutes “anonymized data”, and is immune to breaches. An EgHash can be compared to Trust Stamp’s Identity Lake, video-streams, photo-ID, and more to establish identity and can pivot to other data, enabling zero-knowledge-proofs. Trust Stamp technology is used in banking, FinTech, KYC/AML, real estate, travel/hospitality, and law enforcement.
Source: Trust Stamp
Categories: High Technology
Tags: Artificial Intelligence, Banking, Cybersecurity, Digital Identity, Digital Transaction, Financial Fraud, Fintech, Government, Identity Authentication, Identity Verification, Innovation, Security