Trust Stamp Partners with Digital Platformer to Strengthen Security in Digital Identity and Financial Services
Trust Stamp (NASDAQ: IDAI) and Digital Platformer have signed a Memorandum of Understanding to develop integrated solutions combining biometric authentication with decentralized security frameworks. The partnership aims to address cybersecurity threats, enhance fraud prevention, and ensure regulatory compliance across financial services, digital transactions, and data protection.
The collaboration will leverage Secure Multiparty Computation (MPC) to manage biometric data and private keys in a decentralized manner, enabling rapid and privacy-focused authentication. The integrated solution aims to overcome limitations of traditional authentication methods like passwords and centralized credentials, while addressing risks associated with emerging alternatives such as passkeys and device-based authentication.
The partnership focuses on streamlining onboarding processes, enhancing compliance across sectors including finance, healthcare, and government services, while maintaining a privacy-first approach to identity verification.
Trust Stamp (NASDAQ: IDAI) e Digital Platformer hanno firmato un Memorandum d'Intesa per sviluppare soluzioni integrate che combinano l'autenticazione biometrica con framework di sicurezza decentralizzati. L'obiettivo della partnership è affrontare le minacce alla cybersicurezza, migliorare la prevenzione delle frodi e garantire la conformità normativa nei servizi finanziari, nelle transazioni digitali e nella protezione dei dati.
La collaborazione sfrutterà il Secure Multiparty Computation (MPC) per gestire i dati biometrici e le chiavi private in modo decentralizzato, consentendo un'autenticazione rapida e incentrata sulla privacy. La soluzione integrata mira a superare le limitazioni dei metodi di autenticazione tradizionali come le password e le credenziali centralizzate, affrontando al contempo i rischi associati a alternative emergenti come le passkey e l'autenticazione basata su dispositivi.
La partnership si concentra sull'ottimizzazione dei processi di onboarding, migliorando la conformità nei settori della finanza, della sanità e dei servizi governativi, mantenendo un approccio prioritario alla privacy nella verifica dell'identità.
Trust Stamp (NASDAQ: IDAI) y Digital Platformer han firmado un Memorando de Entendimiento para desarrollar soluciones integradas que combinan la autenticación biométrica con marcos de seguridad descentralizados. El objetivo de la asociación es abordar las amenazas a la ciberseguridad, mejorar la prevención del fraude y garantizar el cumplimiento normativo en los servicios financieros, las transacciones digitales y la protección de datos.
La colaboración aprovechará el Secure Multiparty Computation (MPC) para gestionar los datos biométricos y las claves privadas de manera descentralizada, permitiendo una autenticación rápida y centrada en la privacidad. La solución integrada busca superar las limitaciones de los métodos de autenticación tradicionales como las contraseñas y las credenciales centralizadas, mientras aborda los riesgos asociados con alternativas emergentes como las claves de acceso y la autenticación basada en dispositivos.
La asociación se centra en optimizar los procesos de incorporación, mejorando el cumplimiento en sectores como la finanza, la salud y los servicios gubernamentales, manteniendo un enfoque prioritario a la privacidad en la verificación de identidad.
Trust Stamp (NASDAQ: IDAI)와 Digital Platformer는 생체 인증과 분산 보안 프레임워크를 결합한 통합 솔루션 개발을 위한 양해각서를 체결했습니다. 이번 파트너십의 목표는 사이버 보안 위협에 대응하고, 사기 방지를 강화하며, 금융 서비스, 디지털 거래 및 데이터 보호 전반에 걸쳐 규정 준수를 보장하는 것입니다.
협력은 Secure Multiparty Computation (MPC)를 활용하여 생체 데이터를 관리하고 개인 키를 분산 방식으로 처리하여 신속하고 개인 정보 보호 중심의 인증을 가능하게 합니다. 통합 솔루션은 비밀번호 및 중앙 집중식 자격 증명과 같은 전통적인 인증 방법의 한계를 극복하는 것을 목표로 하며, 패스키 및 장치 기반 인증과 같은 새로운 대안과 관련된 위험을 해결합니다.
이번 파트너십은 금융, 의료 및 정부 서비스 등 다양한 분야에서 규정 준수를 강화하며, 신원 검증에 있어 개인 정보 보호를 최우선으로 하는 접근 방식을 유지하면서 온보딩 프로세스를 간소화하는 데 중점을 둡니다.
Trust Stamp (NASDAQ: IDAI) et Digital Platformer ont signé un Memorandum d'Entente pour développer des solutions intégrées combinant l'authentification biométrique avec des cadres de sécurité décentralisés. L'objectif de ce partenariat est de répondre aux menaces en matière de cybersécurité, d'améliorer la prévention des fraudes et d'assurer la conformité réglementaire dans les services financiers, les transactions numériques et la protection des données.
La collaboration exploitera le Secure Multiparty Computation (MPC) pour gérer les données biométriques et les clés privées de manière décentralisée, permettant une authentification rapide et axée sur la confidentialité. La solution intégrée vise à surmonter les limitations des méthodes d'authentification traditionnelles comme les mots de passe et les identifiants centralisés, tout en s'attaquant aux risques associés aux alternatives émergentes telles que les clés d'accès et l'authentification basée sur les appareils.
Le partenariat se concentre sur l'optimisation des processus d'intégration, l'amélioration de la conformité dans des secteurs tels que la finance, la santé et les services gouvernementaux, tout en maintenant une approche priorisant la confidentialité dans la vérification des identités.
Trust Stamp (NASDAQ: IDAI) und Digital Platformer haben ein Memorandum of Understanding unterzeichnet, um integrierte Lösungen zu entwickeln, die biometrische Authentifizierung mit dezentralen Sicherheitsrahmen kombinieren. Ziel der Partnerschaft ist es, Cybersecurity-Bedrohungen zu begegnen, die Betrugsprävention zu verbessern und die Einhaltung von Vorschriften in den Finanzdienstleistungen, digitalen Transaktionen und dem Datenschutz zu gewährleisten.
Die Zusammenarbeit wird Secure Multiparty Computation (MPC) nutzen, um biometrische Daten und private Schlüssel dezentral zu verwalten, was eine schnelle und datenschutzorientierte Authentifizierung ermöglicht. Die integrierte Lösung zielt darauf ab, die Einschränkungen traditioneller Authentifizierungsmethoden wie Passwörter und zentralisierte Anmeldeinformationen zu überwinden und gleichzeitig die Risiken neuer Alternativen wie Passkeys und gerätebasierter Authentifizierung anzugehen.
Die Partnerschaft konzentriert sich darauf, Onboarding-Prozesse zu optimieren, die Einhaltung in Bereichen wie Finanzen, Gesundheitswesen und Regierungsdienstleistungen zu verbessern und dabei einen datenschutzorientierten Ansatz zur Identitätsüberprüfung beizubehalten.
- Strategic partnership to enhance security and compliance solutions
- Integration of advanced biometric authentication with decentralized technology
- Implementation of Secure Multiparty Computation for improved data security
- None.
Insights
This strategic partnership marks a significant technological advancement in the digital identity verification market, which is projected to reach
- The implementation of Secure Multiparty Computation (MPC) represents a important technical differentiator, enabling secure biometric data management without central storage points - a significant advantage over traditional centralized systems that are vulnerable to data breaches.
- The partnership's focus on interoperability with existing platforms reduces adoption barriers and implementation costs for enterprise clients, potentially accelerating market penetration in key sectors like banking, healthcare, and government services.
- The combined solution addresses growing regulatory requirements, particularly in data privacy (GDPR, CCPA) and financial services (KYC/AML), positioning the company advantageously in highly regulated markets.
While the immediate revenue impact may be due to typical enterprise sales cycles, the partnership significantly enhances Trust Stamp's competitive position in the $14.5 billion identity verification market. The collaboration's emphasis on decentralized security aligns with emerging market trends, particularly the shift away from password-based authentication systems, which could drive adoption among security-conscious enterprise clients.
However, investors should note that success will largely depend on execution capability and enterprise client adoption rates. The technical complexity of MPC implementation and the need for integration with legacy systems could impact deployment timelines and initial revenue recognition.
Trust Stamp and Digital Platformer unite to establish a strategic partnership, delivering an integrated solution that combines Trust Stamp's advanced identity verification capabilities with Digital Platformer's cutting-edge decentralized security solutions
This joint initiative aims to enhance financial security, identity authentication, and regulatory compliance across multiple industries, ensuring a seamless and privacy-first user experience
Tokyo, Japan, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™, and Digital Platformer, a leader in decentralized solutions, have signed a Memorandum of Understanding (MOU) to collaborate on innovative technologies that enhance financial security, identity verification, and privacy protection, with the intention of the parties to enter into a definitive agreement for shared services.
This planned strategic partnership introduces advanced solutions integrating biometric authentication with decentralized security frameworks, addressing key challenges such as cybersecurity threats, fraud prevention, and regulatory compliance, enhancing trust and efficiency across financial services, digital transactions, and data protection.
As digital services evolve, organizations face increasingly sophisticated cybersecurity threats, growing concerns over data privacy, and the challenge of balancing security with usability. Traditional authentication methods—such as passwords and centralized credentials—remain vulnerable to breaches, while emerging alternatives like passkeys and device-based authentication can introduce risks related to device compromise, cloud syncing vulnerabilities, and unauthorized access. Additionally, fragmented identity verification processes create barriers to adoption, increasing operational friction and limiting growth opportunities.
In response to these challenges, Trust Stamp and Digital Platformer aim to introduce a unified solution, leveraging advanced biometric authentication and decentralized technology to streamline onboarding, mitigate fraud risks, and ensure compliance across sectors like finance, healthcare, and government services. The combination of a privacy-first biometric identity verification together with secure authentication mechanisms, offers a forward-looking approach to identity authentication.
Gareth Genner
CEO, Trust Stamp
“This partnership is built on a shared vision to redefine the standards of security and usability in the digital economy. By integrating our cutting-edge tokenized biometric authentication with Digital Platformers advanced solutions, we’re delivering a comprehensive and decentralized platform that not only enhances compliance, but also creates new opportunities for businesses navigating complex regulatory and technological environments."
"The partnership leverages Secure Multiparty Computation (MPC) to securely manage biometric data and private keys in a decentralized manner, enabling rapid, secure, and privacy-focused authentication. By integrating Trust Stamp's solutions with Digital Platformer's advanced technology, businesses can enhance identity security and streamline digital services, enhance financial security, while ensuring seamless interoperability with existing platforms. This addresses the shortcomings of existing methods and ensures that only genuine users can access applications and accounts."
Ikkei Matsuda
CEO, Digital Platformer
“Our partnership with Trust Stamp marks a significant step toward redefining digital identity and financial security. At Digital Platformer, we leverage cutting-edge blockchain technology to establish trustless identity solutions that ensure authenticity, while adding trust to the secure ownership and transactions of digital assets. By integrating diverse services and advancing automated transactions, we foster autonomy in the flow of people, goods, and money, ultimately supporting the formation of a new economic ecosystem. Through this collaboration, we aim to provide a more secure and efficient authentication and transaction environment across industries such as finance, healthcare, and government, expanding the potential of decentralized technologies.”
"'Digital identity authentication is undergoing a significant transformation. As users embrace biometric verification, the shift toward more secure and advanced solutions is accelerating. This collaboration revolutionizes identity and asset management, empowering various industries with secure, efficient interactions that enhance user satisfaction, address cybersecurity risks, and simplify regulatory compliance—all without compromising privacy. Trust Stamp and Digital Platformer are paving the way for a safer, more inclusive digital economy."
Ajmir Safi
Vice President, Trust Stamp Japan
“As the digital landscape continues to evolve, security and privacy are more important than ever. Our partnership with Digital Platformer supports the growing need for stronger cybersecurity, regulatory compliance, and seamless user experiences. This collaboration sets a new benchmark, and marks a significant step toward providing businesses and consumers with secure, efficient, and future-proof authentication solutions that protect against cyber threats while ensuring ease of use”
Enquiries
Trust Stamp Email: Asafi@truststamp.ai
Ajmir Safi
Digital Platformer Email: contact@digitalplatformer.co.jp
Maki Tateno
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 in nine countries 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.
About Digital Platformer
Digital Platformer, founded in Tokyo in 2020, leverages one of Japan’s most advanced blockchain technologies to provide trustless identity (ID) solutions that ensure authenticity and add trust to the secure ownership and transactions of digital assets. By integrating diverse services and automating transactions, Digital Platformer fosters autonomy in the flow of people, goods, and money, supporting the formation of a new economic ecosystem.
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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