FB pixel

Trust Stamp secures Mastercard investment to provide authentication with low connectivity

Categories Biometrics News  |  ID for All  |  Trade Notes
Trust Stamp secures Mastercard investment to provide authentication with low connectivity

Trust Stamp has secured a strategic investment from Mastercard to expand on its AI-powered authentication services for developing communities, after graduating the 2018 Mastercard Start Path accelerator program, the company announced.

“Our initial work with Mastercard has been focused upon enhancing privacy and data security in environments with low connectivity, and we have been impressed by the breadth and depth of Mastercard’s commitment to that space,” said Gareth N. Genner, Trust Stamp CEO. “The programs currently being developed have the potential to improve the lives of communities around the world and we are proud to be a key component of the underlying technology.”

A the ID4Africa conference in Johannesburg, South Africa, in June 2019, Mastercard and the Atlanta-based company presented a secure non-PII authentication network for online and offline environments, which they developed together.

Mastercard’s Inclusive Identity solution was named one of six “New Economy Solutions 2020” in the ’emerging technology’ category by Bloomberg.

“This is part of our commitment to make the digital economy work for everyone, everywhere,” said Shashi Raghunandan, Mastercard’s senior vice president for humanitarian and development programs. “Trust Stamp’s AI-powered technologies help us to provide our development sector partners with robust authentication solutions.”

Last November Emma Lindley joined the Trust Stamp Advisory Board to help guide the development of inclusive solutions. In September Emergent Technology Holdings (EmTech) announced a strategic investment in Trust Stamp, and the deployment of its AI and biometric hashing technology across its fintech platforms.

Article Topics

 |   |   |   |   |   |   |   | 

Latest Biometrics News


UN says law enforcement should not use biometrics to surveil protestors

Law enforcement agencies should not use biometric technology to categorize, profile or remotely identify individuals during protests, the United Nations…


How to explain the EUDI Wallet? Industry and citizens discuss Europe’s digital ID

The European Digital Identity (EUDI) Wallet is well on its way towards becoming a reality. To explain the major impact…


Decentralize face authentication for control, stronger protection: Youverse

The implementation method of biometric face authentication has become increasingly important in recent years due to the limitations of traditional…


Researchers develop display screens with biometric sensor capabilities

Traditional display screens like those built into smartphones require extra sensors for touch control, ambient light, and fingerprint sensing. These…


Meta, porn industry and Kansas governor weigh in on age verification

As Europe mulls how to restrict access to certain content for minors, Meta offers its own solution. Meanwhile, U.S. states…


As national U.S. data privacy law becomes more likely, critics emerge to point out flaws

The push for comprehensive privacy legislation in the U.S. is gaining momentum, as the proposed American Privacy Rights Act 2024…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Featured Company