Trust Stamp and DirectID announce partnership

Tuesday 10 November 2020 13:59 CET | News

Trust Stamp, an AI-powered authentication company dual headquartered in Atlanta (US) and Cheltenham (UK), announces a partnership with DirectID, an open banking solutions provider.

Together they launch a bank and document authentication solution backed by facial biometric matching.

Trust Stamp’s facial biometric and document authentication solutions use artificial intelligence algorithms to enhance risk management and data protection measures at the intersection of user experience, security and trust. In combining their technology with DirectID’s solutions that leverage trusted data from bank and other secure accounts, the two aim to empower users to access financial tools that may be otherwise inaccessible for those with thin credit histories. Likewise, by integrating a layer of privacy that maintains the utility of identity data while protecting information security, Trust Stamp amplifies what consumers are able to use their identity to access.

Independently, Trust Stamp and DirectID’s solutions share common metrics of impact for their business customers. Both companies streamline account application processes, resulting in measurably higher conversion rates and customer satisfaction. While Trust Stamp’s customers see a reduction in fraud-related losses after implementing the company’s proven biometric and document authentication technologies with advanced anti-spoofing and data-protection techniques, DirectID tackles third party fraud through real-time financial data reporting and analytics. This gives companies the ability to make better informed risk assessments by verifying sources of income, salary, and identity.

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Keywords: Trust Stamp, DirectID, partnership, authentication, security, data protection, identity, data
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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