7,200 Banks Boost ID Security

Trust Stamp has integrated its ID verification technology with Jack Henry's Banno platform, enabling community and regional financial institutions to use its driver's license verification technology. The move aims to combat the rise in identity fraud driven by generative AI.

The integration embeds Trust Stamp's technology into digital banking experiences offered by community and regional financial institutions, adding to Jack Henry's ecosystem of more than 1,000 fintechs serving over 7,200 financial institutions. Trust Stamp's AAMVA Driver's License Data Verification (DLDV) solution uses the Banno Digital Toolkit to query official DMV records in real time, confirming that driver's license data matches active government records.

According to Andrew Gowasack, president of Trust Stamp, the integration enables community banks and credit unions to deploy high-assurance protection directly into native banking experiences, protecting their institutions and accountholders from sophisticated modern fraud threats.

## What it means The integration is significant as it comes at a time when financial institutions are confronting a rise in identity fraud driven by generative AI. Traditional verification systems that scan only the physical card are vulnerable to sophisticated forgeries and synthetic identities. The AAMVA DLDV system allows institutions to move from document authentication to data verification without adding friction for users.

Trust Stamp is listed on NASDAQ under the ticker IDAI and on ISE under the ticker AIID. The company's technology is now available through Jack Henry's digital banking platform, providing community and regional financial institutions with a robust ID verification solution.

## Why it matters The rise in identity fraud driven by generative AI poses a significant threat to financial institutions and their accountholders. The integration of Trust Stamp's ID verification technology with Jack Henry's Banno platform provides a much-needed solution to combat this threat. By verifying driver's license data against official government records, financial institutions can ensure that their customers' identities are genuine, reducing the risk of identity fraud and protecting their assets.