Trust Stamp is trying to make it easier for organizations to integrate its identity technology into their own workflows. To that end, the company has released a new low-code Identity Orchestration Platform that allows businesses to implement Trust Stamp’s digital identity solutions with minimal programming expertise.
According to Trust Stamp, the Identity Orchestration Platform will reduce operational costs for customers while still allowing them to move forward with their digital transformations. The company’s identity portfolio includes document recognition and biometric verification technology backed up with liveness detection, all of which can be used to automate identity procedures and comply with various Know Your Customer and Anti-Money Laundering regulations. The Orchestration Platform will allow businesses to customize that tech to fulfill their specific operational needs, and to update their workflows as the digital environment evolves.
In terms of material benefits, Trust Stamp believes that its offering will minimize fraud and boost customer retention rates. The company is best known for its remote onboarding solution, which leverages face and document recognition to compare a selfie of the user to the image on a photo ID.
“Trust Stamp’s identity package offers rapid deployment across devices and platforms, with custom workflows that seamlessly orchestrate trust across the identity lifecycle for a consistent user experience in processes for onboarding and KYC/AML, multi-factor authentication, account recovery, fraud prevention, compliance, and more,” said Trust Stamp President Andrew Gowasack. “Our Identity Orchestration Platform also delivers long-term benefits to security, operational efficiency, and cost, that are unmatched by traditional identity frameworks.”
The news should help Trust Stamp build on its strong 2021 performance. The company recently opened a new subsidiary in Rwanda, and kicked off the new year with its debut on the Nasdaq Stock Exchange in January. It has also appointed a new Research Director to spearhead its R&D efforts in Malta.