Mastercard Makes Strategic Trust Stamp Investment
Summary
Based out of the Georgia Institute of Technology, Trust Stamp went through Mastercard’s Start Path accelerator back in 2018, and later collaborated with Mastercard on an AI-based authentication solution that does not rely on Personally Identifiable Information. “Our initial work with Mastercard has been focused upon enhancing privacy and data security in environments with low connectivity,” said Trust Stamp CEO Gareth N. Genner. “The programs currently being developed have the potential to improve the lives of communities around the world and we are proud to be a key component of the underlying technology.” “This is part of our commitment to make the digital economy work for everyone,” added Mastercard Humanitarian and Development Program SVP Shashi Raghunandan. Trust Stamp previously outfitted U.S. and Mexican authorities with facial recognition technology to help them track the victims of human trafficking. More recently, the company hired former U.S. Marshall John Bridge to act as its new Director of Financial Crime Services.