BETA Technologies launches IPO of 25 million shares priced $27-$33
ATLANTA - Trust Stamp (NASDAQ:IDAI), a micro-cap technology company with a market capitalization of $7.63 million, announced Wednesday that Intel Corporation has published a partnership brief highlighting the company’s AI-powered identity verification platform. According to InvestingPro data, the company’s stock has shown strong momentum with a 38.89% price return over the past six months, despite facing profitability challenges.
Trust Stamp Protect, which runs on Intel Xeon Scalable Processors, provides real-time identity matching capabilities with high throughput and low latency. The platform utilizes quantized AI models optimized with Intel’s OpenVino, which reduces model size and latency while enabling deployment across cloud, edge, and hybrid infrastructures.
The identity platform combines facial biometrics, liveness detection, and privacy-preserving tokenization to transform traditional authentication methods. It replaces one-time passwords with a selfie-based experience that performs real-time identity matching using irreversibly transformed identity tokens.
According to the company, over one hundred financial institutions are currently enrolled on Trust Stamp’s Orchestration Layer.
"We need to deliver flexible low friction solutions that minimize latency and model sizes without compromising capability," said Scott Francis, Chief Technology Officer of Trust Stamp. "Working with Intel has allowed us to achieve both of these goals and deliver a next-generation identity authentication experience."
The platform is designed for use in digital banking, fintech, and KYC/AML workflows, with capabilities for deployment in resource-constrained environments.
This announcement was detailed in a press release statement issued by Trust Stamp.
In other recent news, Trust Stamp has registered its TRUSTED token on the Wyoming Digital Asset Register. The registration was completed by its subsidiary, Global Server Management Inc., marking a significant step for the company in the digital asset space. Additionally, Trust Stamp has extended a contract with a Fortune 500 financial services customer until May 31, 2031. This extension includes modifications to the fee structure, reflecting increased usage of Trust Stamp’s technology, with provisions for guaranteed minimum monthly fees and annual inflation-linked increases.
Furthermore, Trust Stamp has signed a Memorandum of Understanding with Ghana’s National Identity Agency to provide identity tokenization services. This agreement includes an initial two-year exclusivity period, with the potential for extension, and involves developing a long-term contract based on revenue-sharing arrangements. These developments highlight Trust Stamp’s ongoing efforts to expand its technological reach and establish significant partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.