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Trust Stamp and DirectID empower users through secure open banking tools

Trust Stamp and DirectID empower users through secure open banking tools

Banking & FinanceMore NewsSoftware

Trust Stamp and DirectID have launched a bank and document authentication solution backed by secure facial biometric matching.

Trust Stamp, an AI-powered authentication company dual headquartered in Atlanta (US) and Cheltenham (UK), and DirectID, an open banking solutions provider that enables organizations to increase operational efficiency and overcome challenges presented by risk, compliance and fraud through unified APIs, have partnered to provide the solution.

Trust Stamp’s facial biometric and document authentication solutions use advanced Artificial Intelligence algorithms to enhance risk management and data protection measures at the intersection of user experience, security and trust. In combining their technology with DirectID’s solutions that leverage trusted data from bank and other secure accounts, the two aim to empower users to access financial tools that may be otherwise inaccessible for those with thin credit histories.

Emma Lindley, Chief Commercial Officer of Trust Stamp, said: “With open banking changing the relationship between consumers and traditional banks to give users the power to leverage their own financial data to access greater choice in services, trust and assurance around data privacy and security are at the forefront of consumers’ and businesses’ minds.

“Trust Stamp’s privacy-focused identity solutions together with the consent-driven, unified data APIs of DirectID provide a solution that balances the needs of organizations and individuals in a financially inclusive banking ecosystem.”

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