Trust Stamp, 10Clouds release biometric SaaS identity authentication tool
Trust Stamp has partnered with P2P software company 10Clouds to release a SaaS solution for biometric identity authentication with enhanced accessibility for customer onboarding, the company announced.
Popular among banks, Trust Stamp’s AI technology is centered on individual privacy and security, according to the announcement. By integrating its technology, companies can leverage biometrics and anti-fraud systems to secure personal information and prevent data leaks, as per regulatory guidelines. Under the partnership with 10Clouds, the two companies are working on technology that provides bank-level authentication technology for small businesses.
According to Trust Stamp CFO and EVP Alex Valdes, the central pain points of any digital transformation involve customer identification logistics, and friction during the security process that creates a negative user experience, along with the onboarding costs of manual procedures. As security and ease of use are key interests for companies operating in the FinTech space, Trust Stamp has partnered with 10Clouds to introduce technology that addresses these issues, and that focuses on privacy, security and fraud detection.
Modular tools for authentication flow creation and auto-branding with plug-and-play integrations can ensure a complex identification process that seamlessly collects customer data, runs authenticity checks, and delivers the results to the company’s database.
The authentication system released leverages biometric capture, ID validation and optical character recognition for an automated and secure process. Brand and business-feedback app Quartr is the first P2P client to choose the tool for secure authentication.