Trust Stamp In Both The Governmental And Private Sectors Has Been Listed By The Federal Reserve As A Fraud Mitigation Service Provider In The Context Of Synthetic Identity Fraud Having Participated In A Call For Participation In September 2022
Portfolio Pulse from Benzinga Newsdesk
Trust Stamp (NASDAQ:IDAI), a provider of AI-powered trust and identity services, has been recognized by the Federal Reserve as a Fraud Mitigation Service Provider for synthetic identity fraud. This recognition follows their participation in a call for participation by the Federal Reserve in September 2022. Trust Stamp serves nearly fifty US banks and is involved in the ICBA ThinkTECH Accelerator, emphasizing the importance of combating synthetic identity fraud for their clients. The company's technology aims to address the challenges posed by Trojans to third-party device-based biometric solutions.
February 16, 2024 | 4:27 pm
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Trust Stamp's recognition by the Federal Reserve as a Fraud Mitigation Service Provider for synthetic identity fraud underscores the company's significant role in the cybersecurity landscape.
Trust Stamp's listing by the Federal Reserve as a Fraud Mitigation Service Provider directly impacts its credibility and market position, likely leading to increased interest from banks and financial institutions. This recognition validates the company's AI-powered solutions and their effectiveness in combating synthetic identity fraud, potentially leading to increased adoption of their services.
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