Trust Stamp: biometric tokens, bank identity checks and the move into private AI

A face can help prove who someone is, but storing the data used to recognise that face creates another security problem. Trust Stamp’s identity technology is built around reducing that exposure: turn biometric data into a token that can support recognition without keeping the original biometric information in the same form.

That idea remains central to T Stamp Inc., the company trading as Trust Stamp under Nasdaq’s IDAI symbol. Its recent expansion reaches from bank onboarding to privately operated AI models, with partnerships playing an important role in getting its technology into systems customers already use.

The identity idea behind the business

Co-founders Andrew Gowasack and Gareth Genner established Trust Stamp in Atlanta in 2016, according to the company’s corporate profile. The business developed AI-powered identity and privacy services for organisations including financial institutions, governments and enterprises.

Its signature technology is the Irreversibly Transformed Identity Token, or IT2. Trust Stamp describes a process that converts biometric information into a compact hash designed to support probabilistic matching and deduplication, while preventing reconstruction of the original input. In plain language, the system looks for a sufficiently close match between protected representations, rather than treating every comparison as a simple identical-file check.

The company says these identity tokens are revocable. That is the attraction of separating an authentication credential from the underlying biometric: a compromised credential can be replaced more readily than someone can change their face. Our profile of authID’s biometric authentication business explores another company working on the same broad challenge of proving identity while limiting exposure of sensitive data.

ID Dataweb widens the route to enterprise customers

On 14 September 2026, Trust Stamp announced an expanded partnership with ID Dataweb. The companies said they had already worked together for three years serving one of the three largest US life insurers, which they did not name.

The expansion is intended to bring IT2 to more of ID Dataweb’s existing and prospective customers. ID Dataweb contributes a platform combining identity checks with signals such as device information, credential intelligence and behavioural analytics. Trust Stamp supplies the biometric-tokenisation component.

The distinction matters commercially. An established integration provides a starting point for broader distribution, but the announcement does not put a number on new contracted customers or incremental revenue. The opportunity is to extend a working relationship across more enterprises.

A licence check that goes beyond the photograph

A separate September development concerns documents rather than biometric matching. Trust Stamp said on 8 September that its American Association of Motor Vehicle Administrators Driver’s License Data Verification service had become accessible through Jack Henry’s digital banking platform.

Using the Banno Digital Toolkit, Trust Stamp embedded access to checks against official US motor-vehicle records. The purpose is to establish whether submitted licence information matches the issuing agency’s data, adding a different kind of evidence from inspecting an image of a card.

This can complement other identity checks; matching record details does not by itself demonstrate that the person submitting them is their rightful owner. It is also a US-records service. The announcement does not establish coverage of South African driving licences.

Private AI becomes a second line of development

Trust Stamp’s ambitions now extend beyond authentication. In July 2026, chief executive Gareth Genner said the company had delivered a compliance-related language-model project for an international telecommunications customer. According to the announcement, the model operates on the customer’s own servers without external access.

The company linked this work to its February 2026 acquisition of Lexverify and described Europe and Africa as target markets. The attraction for a customer is control over where its information is processed and who operates the system. Local deployment still requires sound data, testing and maintenance; location alone cannot establish that a model’s answers are accurate.

The August company presentation also outlines Wallet of Wallets, a non-custodial platform intended to manage multiple blockchain wallets through identity-based access. Its proposed design combines biometric tokenisation with distributed cryptographic control, extending the identity technology into access to digital assets.

Growth still has to cover the cost of development

For the six months ended 30 June 2026, Trust Stamp reported net recognised revenue of US$1.66 million, up from US$1.36 million a year earlier. It attributed the increase mainly to its S&P 500 bank customer and work for an African telecommunications business.

Expenses rose as well. Total operating expenses reached US$6.32 million, while the reported net loss widened to US$4.93 million from US$3.87 million. Cash and cash equivalents were US$6.31 million at the end of June. The company identified acquisition, product-development and financing costs among the factors affecting the period.

These figures put the expanding product range in perspective. Trust Stamp has identifiable technology, customer work and distribution relationships, but its revenue remains below the cost of operating and developing the business. The next stage depends on turning those integrations and projects into sustained use—and enough repeat business to support the wider portfolio.