Trust Stamp launch AI-powered software on the AWS Marketplace
Trust Stamp has launched its AI-powered Identity Hub software on the AWS Marketplace, providing access to its identity and fraud prevention tools to over 310,000 global AWS customers. The AWS Marketplace offers benefits such as streamlined procurement, flexible pricing, and centralized control. Andrew Gowasack, Trust Stamp’s President, highlighted that integrating their software through AWS is advantageous for customers due to AWS’s rigorous security and standardized license terms. Additionally, Trust Stamp expects faster deal closures and larger deal sizes through AWS Marketplace compared to traditional channels.
- Trust Stamp's Identity Hub is now available to 310,000 global AWS customers.
- AWS Marketplace offers streamlined procurement and flexible pricing.
- Centralized control and governance are provided via AWS.
- Trust Stamp is endorsed by AWS, enhancing credibility.
- Deal closures are 50% faster on AWS Marketplace.
- Deal sizes are 4-5 times larger through AWS Marketplace.
- None.
Insights
The inclusion of Trust Stamp’s Identity Hub on the AWS Marketplace is an important milestone. It signifies a significant enhancement in accessibility, as AWS Marketplace's extensive user base of 310,000 customers can now seamlessly integrate the AI-powered software into their existing AWS infrastructure.
Technical Impact: From a technological perspective, Trust Stamp’s Identity Hub is likely to benefit from AWS's reputable security measures and centralized governance, providing clients with enhanced confidence in the product. The streamlined procurement process on AWS also reduces integration friction, which can often be a barrier to the adoption of new software solutions.
Competitive Advantage: The ability to be listed on the AWS Marketplace provides Trust Stamp with a competitive edge, as AWS’s endorsement implies a certain level of reliability and performance, which can be a compelling factor for potential customers.
The decision to launch Trust Stamp’s Identity Hub on the AWS Marketplace aligns with market trends where partnerships with established cloud service providers enhance visibility and credibility. AWS’s expansive reach can open new market segments for Trust Stamp, potentially accelerating customer acquisition and revenue growth.
Market Dynamics: Given AWS Marketplace's role in facilitating faster deal closures and larger deal sizes, Trust Stamp could see a significant uptick in both sales velocity and contract value. This could positively impact quarterly revenue figures and overall market performance.
Strategic Implications: This move is strategic in positioning Trust Stamp within an ecosystem that values security and efficiency. It also reduces the sales cycle, enabling quicker realization of revenue, which is important for maintaining cash flow and investor confidence.
Trust Stamp’s Identity HubTM has launched on the AWS Marketplace making its AI-powered software available to 310,000 global AWS customers via their AWS Account
ATLANTA, GA, June 18, 2024 (GLOBE NEWSWIRE) -- Trust Stamp announced that the Identity Hub, a proprietary orchestration layer providing access to its full suite of AI-powered identity and fraud prevention products, has launched on the AWS Marketplace. The AWS Marketplace offers streamlined procurement, flexible pricing and centralized control and governance including the ability for customers to procure and pay for Trust Stamp’s software through their existing AWS account.
Andrew Gowasack, Trust Stamp’s President, commented, “For customers the opportunity to integrate our software through AWS is compelling, as products offered on the Marketplace are extensively screened, and the customer enjoys the assurance of rigorous AWS security, Vendor Insights and standardized license terms. For us as a vendor, the implicit endorsement from AWS offering our software is itself important, but the hard metrics suggest that when compared to traditional channels; the low friction AWS Marketplace delivers
Enquiries
Trust Stamp Email: Shareholders@truststamp.ai
Andrew Gowasack, President: agowasack@truststamp.ai
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, 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
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