Trust Stamp and VIVA Finance Partner to Transform Inclusive Finance
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.
- Partnership with VIVA Finance to enhance financial inclusion.
- Utilization of biometric verification to improve loan underwriting processes.
- Focus on providing affordable credit to underserved individuals.
- None.
Atlanta, GA, March 11, 2022 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), the Privacy-First Identity CompanyTM providing AI-powered trust and identity services used globally across multiple sectors, announces a partnership with VIVA Finance (“VIVA”), a mobile-first FinTech lending platform driving financial inclusion through their unique approach to affordable credit. With a shared core focus on financial inclusion, Trust Stamp and VIVA are leveraging their innovative solutions together to support robust, accessible, and equitable financial systems as the foundation for global inclusion.
VIVA empowers individuals with thin credit histories to establish the framework for long-term financial health by transforming access to affordable credit with loans underwritten by employment history rather than credit score. Their technology serves thousands of working Americans who are traditionally met with opaque and often predatory financial products.
In addition to perpetuating exclusion, credit checks and other traditional customer risk assessment procedures can be intrusive, expensive, and establish a narrow view of trust. Trust Stamp’s proven facial biometric verification, document validation, and data-protection methodologies use advanced artificial intelligence to enhance risk management measures while serving a greater population of users. The Company’s privacy-first tokenization technology maintains the utility of identity data while protecting information security within compliance processes, amplifying what consumers are able to access using their identity.
In combining their innovations, Trust stamp and VIVA are working to provide underserved individuals with an entry point to participate in the digital-first future of finance, breaking the barrier to achieving societal and financial inclusion.
Trust Stamp Chief Commercial Officer, Kinny Chan comments: “Trust Stamp’s vision for global inclusion has driven our work to provide secure, privacy-first identity solutions for the billions of people around the world whose lack of verifiable data prevents them from accessing financial services. VIVA’s transformative work highlights the need for equitable services and greater consumer choice even in highly developed economies.
The integration of Trust Stamp’s secure, equitable, and dignified solutions for establishing trust is an important factor in the multifaceted effort to empower all individuals with financial opportunity. We are thrilled to work with the VIVA team as we continue fostering mission-aligned partnerships to expand the reach and impact of Trust Stamp’s powerful identity solutions.”
VIVA’s CEO & Co-Founder, Jack Markwalter comments: “We are thrilled to partner with Trust Stamp to further our mission of building an inclusive financial system. This partnership will allow us to prevent bad actors from utilizing our application in a way that does not adversely affect honest people who may have thin credit files or no prior credit history.”
Trust Stamp invites companies to explore opportunities for integration and channel partnerships here.
Enquiries
Trust Stamp Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive Officer
Nisha Naik, Executive VP of Communications
Trust Stamp Investor Relations Tel: +1 212-671-1021
Crescendo Communications Email: idai@crescendo-ir.com
VIVA Finance
Marla Klotz Email: marla@viva-finance.com
About Trust Stamp
Trust Stamp 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 seven countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 100 people.
About VIVA Finance
Founded in 2019 and accelerated through Georgia Tech’s ATDC program, VIVA Finance is expanding its accessibility nationwide on the heels of its 2021 Series A funding round. VIVA Finance aims to help borrowers with less-than-ideal credit secure personal loans, build their credit, and learn better financial habits in order to improve their overall financial health. With over
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