Trust Stamp Partners with Botdoc to Bring New Innovative ID Security to the Automotive Industry

Core Insights - Trust Stamp (NASDAQ:IDAI) has announced a partnership with Botdoc to integrate its low-code Orchestration Platform into Botdoc Connect, enhancing identity verification and KYC processes [1][2] - The integration will utilize the Driver License Data Verification (DLDV) System from the American Association of Motor Vehicle Administrators (AAMVA) for document validation [1] Company Overview - Trust Stamp is a global provider of AI-powered identity services, operating in sectors such as banking, finance, regulatory compliance, government, real estate, communications, and humanitarian services [2][7] - The company was founded in 2016 and is headquartered across North America, Europe, Asia, and Africa [7] Industry Context - The automotive industry faces significant challenges with identity fraud, highlighted by nearly 80,000 cars stolen from dealerships last year, necessitating robust identity document validation [2] - The partnership aims to enhance security and efficiency in identity verification and cybersecurity, benefiting both businesses and consumers [2][6]