Trust Stamp for tokenized hashed identities joins DIFC Fintech Hive
T Stamp Inc. trading as Trust Stamp, an AI-powered authentication company dual headquartered in Atlanta (US) and Cheltenham (UK), has been selected to participate in the largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, the Dubai International Financial Centre (DIFC) FinTech Hive Accelerator Programme. Their participation strengthens Trust Stamp’s existing presence in the Middle East and comes at a time of rapid global growth for the company.
Trust Stamp President, Andrew Gowasack commented, “As the increasingly connected world of digital finance becomes less defined by geographical borders, innovative technologies with longevity in the finance sector need to build on industry foundations from all areas of the globe. The DIFC FinTech Hive programme has a proven track record of success guiding growth-stage companies as they lead financial services innovation while navigating a complex global regulatory environment. We look forward to continuing the momentum Trust Stamp has seen in the past year with the support, expertise and industry influence of the DIFC FinTech Hive.”
With over half of all FinTech businesses in the Middle East and North Africa now operating from the DIFC and the involvement of over 30 ecosystem partners including IBM and Microsoft, the DIFC Fintech Hive is a leading hub for global innovation and a key player in shaping the future of finance. This year’s cohort attracted an unprecedented level of interest, with 620 companies applying from around the world. Just 17 leading FinTech companies were selected to participate in the fourth cohort after the competitive application process. The 14-week program commenced in the last week of August and leads up to an exclusive demo day at the end of November, springboarding companies towards long term growth in the MEASA region.
Trust Stamp utilizes tokenized identity solutions and zero knowledge proofs in its offering. It offers irreversible hashed tokenized assets. According to their website their patented technology creates tokenized identities from any biometric modality from any source. Trust Stamp first established a presence in the Middle East as an inaugural member of the Fintech MENA, Plug and Play ADGM accelerator in 2018. The company later joined the 2019 Qatar Information Technology and Communication Conference and Exhibition, the country’s largest information and technology showcase. Trust Stamp now plans to refine their technology and solutions to address the international priorities of financial institutions and further establish their commercial fit in the MEASA region with the support of top executives and world-leading financial institutions in DIFC’s robust ecosystem.