Trust Stamp listed as fraud mitigation provider for Federal Reserve

Digital identity and trust provider Trust Stamp has announced it has been listed by the Federal Reserve as a synthetic identity fraud mitigation provider. This follows after the company partook in a call for participation in September 2022.

Synthetic fraud could cost $23 billion in losses by 2030.

“We work with close to fifty US banks and are currently participating in the ICBA ThinkTECH Accelerator; therefore, synthetic identity fraud is of critical importance to our clients," said Trust Stamp …

biometric r&d biometrics biometrics news call call for participation cost digital digital-identity federal federal reserve fraud fraud prevention identity losses mitigation participation reserve september synthetic synthetic identity synthetic identity fraud the company trade notes trust trust stamp work