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Trust Stamp Reaches 100 Financial Institution Customers and Reports 95% and 306% increases in transaction volumes from banking and insurance institutions
Globenewswire· 2025-09-25 14:20
Core Insights - Trust Stamp has reached a significant milestone by partnering with 100 financial institutions on its low-code Orchestration Layer, indicating strong market adoption and growth potential [1][2] Company Growth and Performance - The company reported that 94 of its 100 financial institution customers are banks with a combined asset value exceeding $500 billion, showcasing the scale of its client base [2] - Monthly transaction volume from these banks surged by 95.3% from June to August 2025, driven by the implementation of a large bank, one of the top ten U.S. credit card issuers [2] - Trust Stamp's diversification strategy is yielding results, with a partnership with one of the three largest life insurance providers in the U.S., resulting in a 306.2% increase in transaction volume from June to August 2025 [2] Contractual Developments - The company has extended its contract with a Fortune 500 financial services customer to May 2031, ensuring a minimum gross revenue of over $12.7 million for the remaining term, which underscores the reliability of its revenue stream [2] Technology and Services - Trust Stamp provides AI-powered identity services that include a cryptographic token for secure, privacy-preserving identity verification, applicable across various sectors [3][6] - The low-code Orchestration Layer allows for easy deployment of custom identity and risk scoring solutions, enhancing operational efficiency for clients [3][6]
Trust Stamp Reaches 100 Financial Institution Customers and Reports Accelerating Transaction Volume
Globenewswire· 2025-09-25 12:30
Core Insights - Trust Stamp has achieved significant commercial milestones, including reaching 100 financial institutions on its low-code Orchestration Layer and renewing a long-term contract with a Fortune 500 financial services customer, ensuring a minimum gross revenue of over $12.7 million through May 2031 [1][2] Group 1: Commercial Growth - The company has seen accelerating adoption and increased transactional volume, particularly after a major bank implementation that drove a 95.3% increase in monthly transaction volume from June to August 2025 [2] - Trust Stamp's Orchestration Layer is expanding within the banking sector, with 94 out of 100 financial institution customers being banks that collectively hold over $500 billion in assets [2] - The company has also partnered with one of the three largest life insurance providers in the U.S., resulting in a 306.2% increase in transaction volume from June to August 2025 [2] Group 2: Strategic Partnerships - The long-term contract extension with a foundational Fortune 500 partner validates Trust Stamp's technology and collaborative approach, securing a predictable revenue stream through the end of the decade [2] - The partnership underscores Trust Stamp's critical role in the operations of leading financial institutions [2] Group 3: Technology and Services - Trust Stamp provides AI-powered identity services that include a cryptographic token for secure, privacy-preserving identity verification [3] - The company's low-code Orchestration Layer facilitates the development and deployment of custom identity and risk scoring solutions across various sectors [3][5]