Trust Stamp, a privacy-focused identity company, has announced its inclusion in the upcoming Independent Community Bankers of America’s (ICBA) ThinkTECH Accelerator programme, scheduled to commence on 8 January 2024, in Atlanta.

Being selected as the sixth cohort for ICBA’s ThinkTECH Accelerator programme is a testament to Trust Stamp’s tailored solutions designed specifically for community banks. These solutions address essential needs such as analytics, automation, and compliance.

Notably, this marks the first of two planned accelerator programmes for 2024, showcasing ICBA’s commitment to year-round programming and increased investment in ThinkTECH initiatives to continually advance community bank innovation.

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.”

Trust Stamp stands out as a global provider of AI-powered identity services, offering community banks biometric identity solutions. These solutions serve to combat fraud, enhance personal data privacy, and boost operational efficiency through innovative data transformation and comparison capabilities.

Following the introduction of its low-code Orchestration Layer in 2022, Trust Stamp has seen over 35 community banks integrating its technology to combat synthetic identity fraud effectively.

The ICBA ThinkTECH Accelerator has a rich history of connecting innovative fintech companies with over 1,400 community bankers and industry leaders. This collaborative effort focuses on identifying and crafting practical solutions that address the modern banking needs of today.

Participants in the accelerator program benefit from mentorship provided by a distinguished network of industry stakeholders during an intensive 10-week boot camp. The culmination of the programme will see them presenting their refined offerings to community bank executives in 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.”