Trust Stamp introduces TrustedAge™, a biometric-binding technology for enforceable age verification amidst failing compliance systems.
Quiver AI Summary
Trust Stamp has launched its biometric-binding technology, TrustedAge™, to address the shortcomings of current age-verification laws, particularly highlighted by the recent failures of the UK's Online Safety Act. The new technology aims to provide a reliable method for age verification by binding credentials to users through live biometric checks, making it nearly impossible to share or spoof. Trust Stamp President Andrew Gowasack emphasized the critical flaws in existing systems, noting the significant surge in VPN usage that undermines current age verification methods. He warned that similar legislative challenges are imminent in the U.S., where companies face substantial fines for non-compliance. Trust Stamp's approach combines Zero Knowledge Proofs with biometric checks to enhance compliance and trust while safeguarding user privacy. The technology has already shown promising results in independent evaluations, positioning Trust Stamp as a key player in the evolving age verification market.
Potential Positives
- Trust Stamp's proprietary TrustedAge™ technology addresses the critical flaws in current age-verification systems, positioning the company as a solution provider in a rapidly growing market projected to reach $5.12 billion by 2033.
- The acceptance of the company's novel approach for presentation at the IEEE-sponsored BIOSIG 2025 conference highlights its innovative contributions to the field, enhancing Trust Stamp’s reputation within the biometrics industry.
- Case study results from Australia's Age Assurance Technology Trial indicate that Trust Stamp's technology is effective in accurately determining age, demonstrating its practical applicability and potential for wider deployment.
Potential Negatives
- Trust Stamp's press release highlights systemic failures in current age verification laws, which may reflect negatively on both the regulatory landscape and the company's potential reliance on this legislation for market growth.
- The emphasis on the issues facing age verification legislation and the company's urgent response suggests an imminent compliance crisis for many companies, which could lead to increased scrutiny and pressure on Trust Stamp's solutions.
- The statement regarding the impending "chaos coming to America" and significant fines for non-compliance may raise concerns about the company's ability to effectively address these challenges in a timely manner.
FAQ
What is Trust Stamp's new technology for age verification?
Trust Stamp's new technology, TrustedAge™, utilizes biometric-binding to enhance age verification compliance and address systemic failures in current laws.
How does TrustedAge™ improve security for age verification?
TrustedAge™ creates a biometric key locked to one user, ensuring that only the rightful owner can verify their age during every session.
What problems does Trust Stamp's technology aim to solve?
The technology addresses the flaws in traditional age verification systems, particularly their vulnerability to circumvention through VPN usage and credential sharing.
Why is age verification technology important now?
The global push for online safety and age verification laws is facing challenges, creating compliance issues and potential fines for companies not adhering to regulations.
What recognition has Trust Stamp’s technology received?
Trust Stamp's novel approach has been accepted for presentation at the IEEE-sponsored BIOSIG 2025 conference, showcasing its contributions to biometric security.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IDAI Hedge Fund Activity
We have seen 0 institutional investors add shares of $IDAI stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC removed 9,977 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $19,355
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 4,500 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,730
- VANGUARD GROUP INC removed 2,948 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,719
- HRT FINANCIAL LP removed 2,584 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,012
- JANE STREET GROUP, LLC removed 2,553 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $4,952
- STATE STREET CORP removed 1,727 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,350
- XTX TOPCO LTD removed 1,559 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Atlanta, GA, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) rolled-out its proprietary biometric-binding technology as the solution to the systemic failure of age-verification laws that are collapsing under real-world pressure. As the global push for online safety descends into disarray, Trust Stamp’s technology provides the critical, missing link that can make age verification enforceable.
This announcement comes as the UK’s landmark Online Safety Act proves ineffective just weeks after enforcement began, and a ticking time bomb of similar legislation creates an imminent compliance crisis for companies across the United States.
Trust Stamp President Andrew Gowasack commented, “We are witnessing a systemic failure in real-time. Well-intentioned laws are being rendered useless overnight because they are built on a fundamentally broken premise. You cannot verify a device or an IP address and pretend you have verified a person. The entire framework is a house of cards, and the surge in VPN use is the gust of wind that's knocking it down. Age verification software is a fast growing sector with Market Intelo’s Age Verification Solution 2023 Market Research Report predicting revenue to grow from $1.45 billion in 2024, to $5.12 billion by 2033, and yet there is still a dangerous reliance upon circumventible legacy systems.”
The catastrophic failure of the current approach is now on public display. The moment UK regulators began enforcement, the system broke. The immediate, massive surge in VPN use wasn't just a challenge; it was a wholesale rejection of the system's viability, proving a critical flaw: verification without biometric binding is merely security theater.
In response to this crisis, Trust Stamp is offering technology capable of fixing this flaw: TrustedAge ™. Standard age verification is like a paper ticket, easily passed back or copied. TrustedAg e is a biometric key, permanently locked to one user. A live biometric capture confirms the rightful owner is present for every session, making the credential worthless to anyone else.
Gowasack continued, “What we're seeing in the UK is a preview of the chaos coming to America. A tidal wave of similar, flawed legislation is hitting two dozen US states right now. Companies are scrambling for a solution, facing a compliance nightmare with fines up to $10,000 per incident. They are about to learn the hard way that their current systems are flawed. We have a ready-to-deploy solution that actually solves the problem. After a one-time verification, the credential is locked to the user. Each time they access content, a simple, live selfie check ensures the right person is present, without storing their biometric data. This makes the age credential non-transferable, useless if borrowed or stolen, and closes the compliance loophole that exposes companies to huge fines. This is not just an improvement on the legacy system; it is the way to make it work.”
A paper presenting the company’s novel approach, combining Zero Knowledge Proofs with Biometric Bound Credentials, was accepted for presentation at the IEEE-sponsored Biometrics Special Interest Group (BIOSIG 2025) conference, inviting rigorous peer-review and recognizing novel contributions. The company’s technology was also tested in a case study under Australia’s Age Assurance Technology Trial for on-device processing. The test found the technology to be suitable for deployment in the Challenge 25 policy area with a Mean Predicted Age of 18.2 against the Mean Actual Age of 17.81.
Dr. Norman Poh, Chief Science Officer of Trust Stamp, explains, “Our ZKP-based approach enables organizations to verify remote human presence and age without exposing sensitive biometric data whilst preventing credentials sharing because the solution authenticates the user directly, instead of relying on the device as an authenticator. Simply unlocking the device no longer suffices. This breakthrough not only enhances compliance and user trust but also sets a new security and trust benchmark in digital identity systems.”
Inquiries:
Trust Stamp Email: [email protected]
Andrew Gowasack Email: [email protected]
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 forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.