Trust Stamp Reaches 100 Financial Institution Customers and Reports Accelerating Transaction Volume

Rhea-AI Summary

Trust Stamp (Nasdaq: IDAI), an AI-powered identity services provider, has achieved significant milestones in its commercial growth. The company has reached 100 financial institution customers on its Orchestration Layer, with 94 banks representing over $500B in combined assets across 26 states.

The company reported dramatic transaction volume growth, including a 95.3% increase in monthly banking transactions from June through August 2025, driven by the onboarding of a major credit card issuer. Additionally, their insurance vertical saw a remarkable 306.2% growth in transaction volume during the same period.

Trust Stamp also secured a contract extension with a Fortune 500 financial services customer through May 2031, guaranteeing minimum gross revenue of $12.7 million over the term.

Positive

• Reached milestone of 100 financial institution customers, including 94 banks with $500B+ in combined assets
• Secured contract extension until 2031 worth $12.7 million in minimum gross revenue
• Achieved 95.3% growth in monthly banking transactions (June-August 2025)
• Insurance vertical demonstrated 306.2% transaction volume growth (June-August 2025)
• Successfully diversified customer base across banking and insurance sectors

Negative

• None.

Insights

Financial Technology Analyst

Trust Stamp's milestone of 100 financial clients, Fortune 500 contract renewal, and triple-digit transaction growth validate its identity services market position.

Trust Stamp's announcement represents a significant commercial acceleration across multiple metrics. The company has achieved critical mass in the financial services sector with 94 banking relationships representing over $500B in combined assets. This extensive financial institution footprint creates substantial network effects and barriers to entry against competitors.

The contract amendment with their Fortune 500 client through 2031 – securing $12.7 million in minimum revenue – demonstrates exceptional client retention and provides predictable long-term revenue visibility. This six-year commitment suggests the client views Trust Stamp's identity services as business-critical infrastructure rather than discretionary technology.

The transaction volume increases are particularly compelling: a 95.3% increase in banking transactions over just three months and an impressive 306.2% growth in insurance transactions during the same period. These metrics indicate the company's platform is achieving product-market fit with strong adoption curves.

The catalyst effect from onboarding one of the ten largest U.S. credit card issuers (with 11 million cards) demonstrates how strategic enterprise clients can dramatically accelerate usage. The company appears to be crossing an inflection point where new client additions are accelerating transaction volume exponentially rather than linearly – suggesting powerful scaling economics in their business model.

With financial institutions increasingly prioritizing digital identity verification to combat fraud while streamlining customer experiences, Trust Stamp's expanded market penetration positions it to capture growing wallet share in this essential technology category.

President Andrew Gowasack highlights major commercial milestones, including rapid growth in its banking channel, a long-term contract renewal, and dramatic usage acceleration from marquee clients in banking and insurance

Atlanta, GA, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered identity services, announced today that it has reached 100 financial institutions on its low-code Orchestration Layer. Additionally, the company has executed a contract amendment with its flagship Fortune 500 financial services customer, extending the contract term to May 2031 with minimum gross revenue exceeding $12.7 million over the balance of the term.

Trust Stamp President, Andrew Gowasack commented, “Today marks a watershed moment in our commercial journey. Reaching 100 financial institutions is a significant milestone, but the underlying data tells the real story. We are seeing accelerating adoption, deepening commitment from our largest clients, and dramatic increases in transactional volume. This is the operational leverage and growth we have been working diligently to build, and I am delighted to share these results with our shareholders.”

Gowasack detailed the growth within the company's core financial services vertical, “Our Orchestration Layer is continuing to expand across the banking sector. Of our 100 financial institution customers, 94 are banks representing over $500B in combined assets, with more than 1200 locations and headquarters in over 26 states. We are seeing their usage grow month-over-month, and this trend accelerated dramatically in July 2025 when a new large bank—one of the ten largest U.S. credit card issuers with over 11 million cards in circulation—went live. This single implementation was a catalyst, driving our monthly transaction volume from these banks up by 95.3% from June through August.”

Gowasack also commented on the success of Trust Stamp's diversification strategy, “Beyond our banking channel, our strategic focus on other key verticals is yielding exceptional results. We are proud to partner with one of the three largest life insurance providers in the United States. Their usage has increased dramatically in the last quarter as they deepen their integration of our technology, with their transaction volume growing by 306.2% from June through August of this year. This demonstrates the immense scalability and broad applicability of our platform.”

Regarding the contract extension, Gowasack added, “The long-term, multi-million-dollar extension with our foundational Fortune 500 partner is the strongest possible validation of our technology and our collaborative approach. This secures a significant and predictable revenue stream through the end of the decade and underscores the critical, deeply embedded role Trust Stamp plays in the operations of the world's leading financial institutions.”

Gowasack concluded, “The data speaks for itself. We are executing our plan, scaling our customer base, and converting that footprint into high-margin, recurring revenue. With a growing pipeline and proven success across the financial services sector, we can continue this momentum and deliver substantial long-term value.”

About Trust Stamp

Trust Stamp is a global provider of AI-powered identity services for any transaction, credit-check, or access control event. The Company’s patented technology provides a cryptographic token that is a secure, privacy-preserving, and biometric-backed identity. This "IT2" can be used across multiple organizations and platforms with PII removed, with the enrolled user's biometrics protected. Its low-code Orchestration Layer makes it easy to build and deploy custom identity and risk scoring solutions for any use case. Trust Stamp is listed on Nasdaq under the ticker IDAI.

Safe Harbor Statement: Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements regarding the Company's future performance, revenue, and growth. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other comparable terminology. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements.

Inquiries:

Trust Stamp                                                    Email: shareholders@truststamp.ai
Andrew Gowasack                                         Email: agowasack@truststamp.ai

About Trust Stamp

Trust Stamp is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide

With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

Safe Harbor Statement: Caution Concerning 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. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, 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. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these statements.

FAQ

How many financial institutions are now using Trust Stamp's (IDAI) Orchestration Layer?

Trust Stamp has reached 100 financial institution customers, including 94 banks with combined assets exceeding $500B across 26 states.

What is the value of Trust Stamp's (IDAI) recent contract extension with its Fortune 500 partner?

The contract extension through May 2031 guarantees minimum gross revenue exceeding $12.7 million over the term.

How much did Trust Stamp's (IDAI) banking transaction volume grow in summer 2025?

Trust Stamp's monthly banking transaction volume grew by 95.3% from June through August 2025, catalyzed by onboarding one of the ten largest U.S. credit card issuers.

What growth did Trust Stamp (IDAI) achieve in its insurance vertical?

Trust Stamp's insurance vertical saw transaction volume growth of 306.2% from June through August 2025, driven by deeper integration with one of the three largest U.S. life insurance providers.

How many states does Trust Stamp (IDAI) operate in through its banking customers?

Trust Stamp's banking customers have headquarters in over 26 states, with more than 1,200 locations across the United States.