Trust Stamp integrates its AI-powered software with Mastercard’s Sandbox as a Service

Rhea-AI Summary

Trust Stamp has announced the integration of its AI-powered software solutions with Mastercard’s Sandbox as a Service. This integration enables Mastercard’s member banks and financial institutions to browse, test, and experience secure and verified solutions within a core banking environment.

The collaboration aims to drive innovation and support partnership strategies by allowing institutions to collaborate, build, and validate solutions with third-party providers. This move is expected to enhance the robustness of fraud prevention measures, thus protecting customers and assets while maintaining trust.

Trust Stamp's President, Andrew Gowasack, highlighted the importance of these measures in combating increasingly sophisticated fraud attempts. He expressed optimism that the integration will shorten the time needed for banks and financial institutions to understand and implement Trust Stamp's technology solutions.

Positive

• Integration of AI-powered solutions with Mastercard’s Sandbox as a Service.
• Facilitates collaboration and innovation among Mastercard member banks and financial institutions.
• Allows for testing and validation of solutions in a secure banking environment.
• Aims to enhance fraud prevention measures.
• Potentially reduces the time for implementation of Trust Stamp's solutions.

Negative

• None.

Trust Stamp has integrated its AI-powered products with Mastercard’s Sandbox as a Service which allows Mastercard member banks and financial institutions to browse, test and experience trusted and verified solutions and customer journeys within a core banking environment

ATLANTA, GA, June 20, 2024 (GLOBE NEWSWIRE) -- Trust Stamp announced that it has integrated its AI-powered software solutions with Mastercard’s Sandbox as a Service which offers an ecosystem of integrated fintech solutions that enable Mastercard member banks and financial institutions to drive innovation and support partnership strategies by collaborating, building and validating solutions with third-party providers, while establishing mutually beneficial partnerships.

Andrew Gowasack, Trust Stamp’s President, commented, "As fraudsters become more adept at circumventing traditional security measures, prioritizing robust fraud prevention is crucial to protecting customers, safeguarding assets, and maintaining trust. Mastercard is a market leader in providing effective anti-fraud solutions and we are very pleased to have this opportunity to offer its member banks and financial institutions an opportunity to test interactive journeys using our cutting-edge technology solutions, hopefully reducing the time needed for understanding, validating and implementing our solutions.”

Enquiries

Trust Stamp                                                   Email: Shareholders@truststamp.ai

Andrew Gowasack, President: agowasack@truststamp.ai

About Trust Stamp

Trust Stamp the Privacy-First Identity Company^TM, 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 across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.

Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. 

FAQ

What has Trust Stamp announced regarding Mastercard’s Sandbox as a Service?

Trust Stamp announced the integration of its AI-powered software solutions with Mastercard’s Sandbox as a Service.

How does the integration with Mastercard's Sandbox benefit financial institutions?

It allows Mastercard member banks and financial institutions to browse, test, and experience secure solutions within a core banking environment, driving innovation and supporting partnership strategies.

What is the significance of Trust Stamp's integration for fraud prevention?

The integration aims to enhance fraud prevention measures, protecting customers and assets while maintaining trust.

What did Andrew Gowasack say about the integration with Mastercard’s Sandbox?

Andrew Gowasack stated that the integration is important for robust fraud prevention and is expected to reduce the time needed for financial institutions to understand and implement Trust Stamp's technology solutions.