T Stamp Stock Price, News & Analysis

Trust Stamp (IDAI) and Partisia have announced a strategic partnership to develop an enhanced biometric holder binding solution for digital identities. The collaboration combines Trust Stamp's biometric technology with Partisia's Multi-Party Computation (MPC) to create a privacy-focused system for securely linking digital credentials to individual biometric data.

The solution transforms biometric input into non-reversible representations without storing sensitive data or cryptographic keys. By leveraging the GODS (Global Omnichain Data Service) Network, the system enables cross-platform identity verification across finance, digital services, government, and Web3 platforms, eliminating repetitive onboarding processes while maintaining user privacy.

The partnership aims to serve regulated industries, particularly banking, by offering a unified solution that streamlines onboarding, reduces fraud risks, and ensures compliance across various sectors.

Trust Stamp (IDAI) has been selected for the prestigious CyberBoost Catalyse program in Singapore, an initiative led by CyberSG Talent, Innovation and Growth Collaboration Centre, Plexal, the Cyber Security Agency of Singapore, and the National University of Singapore.

The program will support Trust Stamp's expansion across Singapore, APAC, the UK, and global markets through intensive boot camps, expert-led sessions, and one-on-one mentoring. The company will focus on developing market strategies, engaging with global investors, and scaling its privacy-first biometric authentication solutions in sectors including financial services, government, healthcare, and digital infrastructure.

Trust Stamp's Vice President APAC, Ajmir Safi, highlighted this as a key milestone in their global expansion strategy, emphasizing Singapore's position as a world leader in cybersecurity innovation.

Trust Stamp (Nasdaq: IDAI) has been selected as one of five companies to join the Mastercard Lighthouse MASSIV 2025 program, a platform supporting impact-driven technology companies. The program offers mentorship, networking opportunities, and strategic resources to companies developing scalable technologies.

Trust Stamp Denmark will collaborate with Mastercard to advance financial inclusion, support humanitarian aid efforts, and enable secure digital access for underserved communities. The company's proprietary technology converts biometrics into tokens, enhancing fraud prevention and operational efficiency while maintaining privacy standards.

Through this partnership, Trust Stamp aims to implement sustainable digital identity systems that prioritize universality, security, and privacy. The collaboration focuses on breaking vendor lock-in and developing adaptable identity solutions that could potentially impact tens of millions of people.

Trust Stamp (IDAI) has filed its 2024 FY 10-K report on March 31st, 2025, revealing significant financial developments. The company reported Q4 2024 revenue of $1.50 million, marking substantial growth from $0.51 million in Q3 2024 and $0.58 million in Q4 2023.

Looking ahead, Trust Stamp projects FY 2025 revenue to exceed $5.0 million from existing contracted customers, excluding potential revenue from non-revenue-generating contracted clients. The company anticipates monthly expense reductions of $0.1 million for the remainder of 2025 compared to 2024 levels. Cash burn is estimated at $0.75 million for Q1 2025, with an average monthly burn rate of $0.2 million projected for the rest of FY 2025.

Trust Stamp (IDAI) has announced key financial updates and timing for its 2024 annual report filing. The company will submit its 10-K report for FY2024 after Nasdaq market close on March 31st, 2025.

The company reported significant revenue growth in Q4 2024, achieving $1.497 million, which represents a substantial increase from $0.575 million in Q4 2023 and notably exceeds recent analysts' forecasts of $0.51 million.

Looking ahead, Trust Stamp projects that its anticipated revenue from existing customers for the full year 2025 is expected to surpass $5.0 million.

Trust Stamp (IDAI) has received USPTO allowance for its patent application 18/063,372, titled 'Shape Overlay for Proof of Liveness'. This innovative biometric authentication solution combats deepfake and injection attacks through an interactive challenge-response mechanism.

The technology requires users to interact with randomly generated shape overlays on device screens, ensuring real-time verification of live subjects. Unlike competing solutions, Trust Stamp's system works on all smartphone models without requiring specialized hardware, making it both accessible and cost-effective.

According to Andrew Gowasack, President and Co-Founder, this technology provides an additional defense line against deepfake threats. Dr. Norman Poh, Chief Science Officer, emphasizes the solution's adaptability across all smartphone types, democratizing robust biometric security.

Trust Stamp (IDAI) has achieved the D-seal certification, a pioneering label combining IT security and responsible data usage standards. This certification strengthens the company's position in delivering privacy-preserving digital identity solutions across humanitarian aid, financial, and public sector services.

The voluntary certification demonstrates Trust Stamp's commitment to ethical digital practices, particularly in addressing challenges such as vendor lock-in and biometric interoperability. The company's technology aims to enhance fraud prevention while protecting individual privacy rights, especially in serving unbanked populations and vulnerable communities.

Scott Francis, Group CTO, highlighted that the D-seal certification aligns with Trust Stamp's mission to break vendor lock-in cycles through their recently patented technology, which enables biometric sample comparison across different vendors through an open-format standard.

Trust Stamp has received USPTO allowance for its patent application on 'Interoperable Biometric Representation' technology, addressing a critical industry challenge of biometric interoperability across different vendor systems. The innovation transforms biometric data into a universal, privacy-secured format enabling cross-platform authentication.

The technology generates privacy-secured tokens called IT2™ (irreversibly transformed identity tokens), allowing biometric matching without exposing sensitive data. The framework features an open-format/open-weight neural network solution that vendors can use to generate compliant face templates, eliminating proprietary conversions and vendor lock-in issues.

This advancement aims to enhance secure financial inclusion and create a more accessible digital identity ecosystem by enabling seamless biometric recognition across different platforms while maintaining privacy and security standards.

Trust Stamp (NASDAQ: IDAI) and Digital Platformer have signed a Memorandum of Understanding to develop integrated solutions combining biometric authentication with decentralized security frameworks. The partnership aims to address cybersecurity threats, enhance fraud prevention, and ensure regulatory compliance across financial services, digital transactions, and data protection.

The collaboration will leverage Secure Multiparty Computation (MPC) to manage biometric data and private keys in a decentralized manner, enabling rapid and privacy-focused authentication. The integrated solution aims to overcome limitations of traditional authentication methods like passwords and centralized credentials, while addressing risks associated with emerging alternatives such as passkeys and device-based authentication.

The partnership focuses on streamlining onboarding processes, enhancing compliance across sectors including finance, healthcare, and government services, while maintaining a privacy-first approach to identity verification.