Simunix and Trust Stamp Partners to Offer Biometric Identification Technology in the UK Market
Trust Stamp’s privacy-first biometric technology simplifies and secures the age verification process for the private and public sectors
Atlanta, GA, Jan. 13, 2023 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq IDAI)Privacy-First Identity CompanyTM Simunix, an identity data provider that serves businesses and public sector organisations of all sizes, announced a partnership to provide AI-powered trust services and identity services worldwide.
Trust Stamp’s privacy-first identity technology has been added to Simunix’s Age Verify and T2A people and address verification offerings. Simunix customers now have access Trust Stamp’s OCR and biometric solutions.
Projections for the global market for biometric system are positive grow As the demand for solutions increases in public and private sectors such as banking, financial services, cryptocurrency, travel, and hospitality, it will increase from $36.6 billion in 2020 up to $68.6 trillion by 2025. The addition of Trust Stamp’s innovative, privacy-first approach enables Simunix users to efficiently verify the customers’ identity.
“With so much stolen identity data readily available to criminals, establishing users’ identity is increasingly challenging,” said Andrew Gowasack, President and Co-founder of Trust Stamp. “Simunix is a well-respected provider of data and people solutions, and we are excited to partner with them to bring this unique biometric authentication capability to their customers.”
“We are pleased to partner with Trust Stamp for our age and identity verification products. The addition of their OCR and biometric technology to our existing data solution will result in a more robust verification service offering for our customers,” said Colin Frith, Head of Business Development for Simunix.
About the Trust Stamp
Trust Stamp, Privacy-First Identity CompanyTMThe, a global provider for AI-powered identity services, including in banking and finance, regulatory compliance and real estate. Its technology provides advanced biometric identity solutions for organizations that help reduce fraud, protect personal privacy, increase operational efficiency and reach a wider audience worldwide thanks to its unique data transformations and comparison capabilities.
Trust Stamp is located in nine countries across North America and Europe, Asia, Asia, Africa. Trust Stamp trades on Nasdaq Capital Market.Nasdaq IDAI). Gareth Genner & Andrew Gowasack co-founded the company in 2016.
Simunix
Simunix, a global provider of software solutions, makes UK business and individual data searchable and analyzeable. A variety of services are available to many business sectors, including legal, finance, logistics and legal.
Safe Harbor Statement: Caution Regarding 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. Forward-looking statements may be included in this announcement. This includes information regarding the company, its business strategy and plan, 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. These forward-looking statements are only valid as of the date they were made. Investors should not place undue trust in them. The company is not obligated to revise, update or revise these forward-looking statement to reflect unanticipated or unexpected events..
Enquiries:
Trust Stamp Email: [email protected]
Andrew Gowasack is President
Amy Kneale is Account Manager
Simunix Email: [email protected]
Colin Frith is Head of Business Development
