ICBA’s ThinkTECH Accelerator Welcomes Trust Stamp for Banking Innovation

Trust Stamp, ThinkTECH Accelerator, ThinkTECH, RegTEch, Identity

Trust Stamp has proudly announced its selection for the Independent Community Bankers of America’s (ICBA) ThinkTECH Accelerator program. 

The Accelerator, which is scheduled to commence on January 8, 2024, in Atlanta, will allow Trust Stamp to introduce community bank-focused solutions that cater to essential banking needs such as analytics, automation, and compliance. 

This prestigious selection marks the initiation of the first accelerator program for 2024, as ICBA moves towards year-round programming, intending to amplify investment in ThinkTECH initiatives and continuously drive community bank innovation. 

Trust Stamp aims to empower community banks with advanced AI-driven identity services, enabling the deployment of biometric systems without compromising biometric data security. Their solutions aim to combat fraud, enhance personal data privacy, and augment operational efficiency through innovative data transformation and comparison capabilities. 

The company has been instrumental in the financial services sector, notably since the launch of its low-code Orchestration Layer in 2022. Presently, over 35 community banks are implementing Trust Stamp’s technology to combat synthetic identity fraud.  

The ICBA ThinkTECH Accelerator has a history of connecting pioneering fintech companies with over 1,400 community bankers and industry leaders. This collaborative platform identifies and crafts viable solutions to address modern banking needs.  

The program spans an immersive 10-week bootcamp, offering mentorship from an esteemed network of industry stakeholders. Participating companies, including Trust Stamp, will showcase their refined offerings to community bank executives during a demo at ICBA LIVE 2024 in Orlando. 

ICBA Executive Vice President and Chief Innovation Officer Charles Potts said, “We are excited to have Trust Stamp join us as a member of our latest ThinkTECH accelerator cohort. Fraud and identity management continue to remain a top priority for community bankers. Adaptive technologies like Trust Stamp, which offer secure and efficient authentication solutions offer another layer of protection to help community bankers rest easier.” 

Trust Stamp President Andrew Gowasack said, “As a leading presence in the global financial services market, we are thrilled to participate in the ICBA ThinkTECH Accelerator, a vital source of community banking innovation since 2019. With Trust Stamp, community banks can leverage biometric and personal information from their customers to deploy biometric systems without the risk of biometric data theft.” 

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