T Stamp (US:IDAI) Globenewswire·2025-02-25 14:30Core Insights - Trust Stamp has received a patent for its "Interoperable Biometric Representation" framework, which enhances biometric interoperability while prioritizing privacy and security [1][4] - The lack of interoperability in biometric systems has limited their adoption, as different vendors use proprietary data formats that prevent comparison across systems [2] - Trust Stamp's framework converts biometric data into a universal format, allowing seamless recognition and validation across platforms without altering existing vendor processes [3][4] Company Overview - Trust Stamp is a global provider of AI-powered identity services, focusing on sectors such as banking, finance, regulatory compliance, government, real estate, communications, and humanitarian services [7] - The company aims to reduce fraud, protect personal data privacy, and enhance operational efficiency through advanced biometric identity solutions [7] - Trust Stamp is publicly traded on the Nasdaq Capital Market under the ticker IDAI and operates across North America, Europe, Asia, and Africa [8] Technological Innovation - The new framework allows for the comparison of biometric samples from different vendors by converting them into a common format, addressing the current lack of interoperability [4] - It includes an open-format neural network solution that enables approved vendors to generate compliant face templates, eliminating the need for proprietary conversions [4] - The system generates privacy-secured tokens (IT2™) that facilitate biometric matching without storing sensitive data, thus enhancing user privacy [3][4] Industry Impact - This innovation addresses long-standing issues of vendor lock-in, enabling users to compare biometric data from multiple sources without being tied to a single vendor [4] - Trust Stamp's advancements contribute to a more open, secure, and accessible digital identity ecosystem, promoting secure financial inclusion [4]