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T Stamp Inc. - IDAI STOCK NEWS

Welcome to our dedicated page for T Stamp news (Ticker: IDAI), a resource for investors and traders seeking the latest updates and insights on T Stamp stock.

T Stamp Inc develops and markets identity authentication software solutions for enterprise partners and peer-to-peer markets. The company is engaged in developing proprietary artificial intelligence-powered solutions; researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity & trust predictions while identifying and defending against fraudulent identity attacks, protecting sensitive user information, and extending the reach of digital services through accessibility.

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Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID) announced that CEO Gareth Genner will speak on identity tokenization for metaverse transactions at a virtual event hosted by Rutgers Law School on April 22, 2022. The discussion will focus on establishing a trusted "MetaPresence" identity to enhance privacy and security in digital asset exchanges. Trust Stamp plays a significant role in decentralized finance and aims to develop a privacy-first infrastructure for secure digital transactions.

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Trust Stamp (Nasdaq: IDAI) reported robust financial results for 2021, with net sales increasing by 38.9% year-over-year to $3.7M. In Q4 2021 alone, sales surged 69.7% year-over-year to $2.1M. The gross profit rose 124% to $2.5M, improving gross margin to 68.7%. Notable milestones included a $3.92M government contract, which increased to $7.17M, and an 80% rise in total assets to $8.7M. Despite a net loss reduction, the net profit margin remained negative at -96.55%. Trust Stamp aims for significant growth in 2022 with an expanding sales pipeline.

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Trust Stamp (Nasdaq: IDAI) has partnered with VIVA Finance, a mobile-first FinTech platform, to enhance financial inclusion. The collaboration aims to offer innovative trust and identity solutions that enable accessible credit for those with thin credit histories. With Trust Stamp's AI-powered biometric verification and data protection technologies, VIVA seeks to provide affordable loans based on employment history rather than credit scores, catering to underserved individuals. This partnership is expected to drive equitable financial systems.

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Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID) has announced a partnership with VIVA Finance, a mobile-first FinTech lending platform, to enhance financial inclusion. The collaboration aims to provide underserved individuals with access to affordable credit by utilizing biometric verification and employment history for loan underwriting. This strategic alliance seeks to empower individuals with thin credit histories and aims to foster equitable financial services globally. Trust Stamp continues to focus on secure, privacy-first identity solutions to support financial opportunities for all.

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Trust Stamp (Nasdaq: IDAI) has unveiled its Identity Orchestration Platform, enhancing operational efficiency and security through low-code implementation. The platform integrates AI technologies for biometric and document verification, improving customer retention and reducing fraud losses. This scalable solution allows organizations to adapt to evolving consumer needs swiftly, offering significant cost advantages over traditional identity solutions. President Andrew Gowasack emphasized its rapid deployment capabilities across various use cases, from KYC to fraud prevention.

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Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID) has appointed Prof. Reuben Farrugia as Malta Research Director, enhancing its R&D efforts in biometric identity solutions. Prof. Farrugia brings nearly two decades of expertise in biometrics and image processing. Trust Stamp plans to leverage his skills to innovate and patent new technologies for secure financial and societal inclusion. The company also announced collaboration with Malta Enterprise for a Medical QR Code solution and continues its strategic growth with an emphasis on privacy-first identity services.

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Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID) has received a funding commitment from Malta Enterprise to develop a next-generation Medical-Record QR Code. This initiative aims to enhance digital health certificates and empower individuals to control their data. Trust Stamp's innovative technology includes the Irreversibly Transformed Identity Token (IT2), ensuring secure identity verification. CEO Josh Allen emphasized the project's role in complementing existing certificates while improving user data control.

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Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID) has appointed Joshua Allen as the CEO of its subsidiaries, Trust Stamp Malta Limited and Trust Stamp Rwanda Limited, effective immediately. With over 20 years of experience, Allen previously served as Executive Vice President for Strategic Investments. Trust Stamp’s CEO emphasized the importance of Malta as an innovation hub to expand operations and customer base. Allen highlighted the potential growth in Rwanda and the role of secure identity frameworks in enhancing economic participation across Africa.

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Trust Stamp (NASDAQ: IDAI) announced its participation in The MicroCap Rodeo's 2nd Annual Winter Wonderland Best Ideas Conference, taking place virtually from February 8-11, 2022. CEO Gareth N. Genner will present on February 9 at 11:30 AM ET, with the presentation accessible via webcast. The conference features 25-minute presentations and one-on-one meetings for accredited institutional investors. Trust Stamp specializes in AI-powered identity services across various sectors, enhancing data privacy and reducing fraud.

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Trust Stamp (Nasdaq: IDAI) celebrated its recent listing on the Nasdaq Stock Market by participating in an opening bell ceremony on February 2, 2022. CEO Gareth N. Genner emphasized the significance of this milestone, which follows a transformative year for the company. He highlighted the critical nature of digital security in combating identity fraud, which leads to over $100 billion in annual losses. Trust Stamp aims to enhance personal data protection and promote inclusivity in the digital landscape, looking forward to driving shareholder value in the future.

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FAQ

What is the current stock price of T Stamp (IDAI)?

The current stock price of T Stamp (IDAI) is $0.4457 as of December 24, 2024.

What is the market cap of T Stamp (IDAI)?

The market cap of T Stamp (IDAI) is approximately 11.2M.

What does T Stamp Inc specialize in?

T Stamp Inc develops identity authentication software solutions for enterprise partners and peer-to-peer markets.

What technologies does T Stamp Inc leverage?

T Stamp Inc leverages artificial intelligence, biometric science, cryptography, and data mining in their solutions.

What is the recent achievement of T Stamp Inc?

T Stamp Inc has received a notice of allowance for a new patent for an AI-powered personal identifiable information encoder.

Who are the founders of T Stamp Inc?

T Stamp Inc was founded in 2016 by Gareth Genner and Andrew Gowasack.

Where is T Stamp Inc located?

T Stamp Inc is located across North America, Europe, Asia, and Africa.

Where does T Stamp Inc trade?

T Stamp Inc trades on the Nasdaq Capital Market under the symbol IDAI.

What sectors does T Stamp Inc serve?

T Stamp Inc serves sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.

What is the mission of T Stamp Inc?

T Stamp Inc aims to provide advanced biometric identity solutions to reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader user base worldwide.

What is the significance of the new patent received by T Stamp Inc?

The new patent for an AI-powered personal identifiable information encoder addresses the need for security against cyber-attacks and provides optimized privacy protection by tokenizing personal data.

What is the focus of the recent patent filed by T Stamp Inc?

The recent patent aims to improve the performance of biometric-based age estimation algorithms to tailor results to complex client requirements.

T Stamp Inc.

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11.25M
18.37M
33.45%
8.48%
0.16%
Software - Application
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