T Stamp Inc. · NASDAQ:IDAI
T Stamp — Reg A Offering (April 2020)
21 slides from T Stamp's offering presentation, April 2020
Slide 1: TrustStamp
TrustStamp
Slide 2: Testing the Waters under Regulation A
THE COMPANY IS “TESTING THE WATERS” UNDER REGULATION A UNDER THE SECURITIES ACT OF 1933. THIS PROCESS ALLOWS COMPANIES TO DETERMINE WHETHER THERE MAY BE INTEREST IN AN EVENTUAL OFFERING OF ITS SECURITIES. THE COMPANY IS NOT UNDER ANY OBLIGATION TO MAKE AN OFFERING UNDER REGULATION A. IT MAY CHOOSE T
Slide 3: Our Mission
Our Mission: Creating transformational technology that accelerates secure societal and financial inclusion
Slide 4: Overview of Problems: Identity Fraud and Financial Exclusion
Overview of Problems Identity Fraud Security Annually: Over $40 Billion lost to synthetic & stolen identities Over $20 Billion in losses from legitimate transactions failing legacy authentication Financial Exclusion Fraudsters pass siloed biometric systems with stolen, improperly issued or high-qual
Slide 5: Are Biometrics the Silver Bullet?
Problems Are Biometrics the Silver Bullet? By 2023 Mobile biometrics will authenticate $2 Trillion of in-store and mobile payments generating $54 Billion in biometric service revenue of consumers prefer biometric access to passwords and biometrics are the most common tool being adopted by government
Slide 6: The Problem with Biometrics
The Problem with Biometrics Constant reporting on lawsuits & breaches concerning biometric data 3,800 publicly disclosed breaches 4.1 Billion compromised records Problems Source: Risk Based Security, Inc., 2019 MidYear QuickView Data Breach Report
Slide 7: You can't change your Biometrics when they are hacked!
Problems You can’t change your Biometrics when they are hacked! Stored biometric templates represent a growing and unquantified financial, security and PR liability and are the subject of growing governmental, media and public scrutiny e.g. Aadhaar Hacks BioStar 2 Israeli Population Authority U.S. O
Slide 8: Our Solution
Our Solution: Technology that creates unique, irreversible hashed-tokenized identities and facilitates secure, interoperable identity proofing – anywhere in the world, online and offline
Slide 9: The Evergreen Hash (EgHash)
The Solution The Evergreen Hash® (EgHashTM) Deep neural networks convert any identifying data into a unique, non-PII EgHash WHAT? Maximized effectiveness of all identity data HOW? By rendering it safe to use, store and Share The hashing process is irreversible The EgHash is anonymized data Probabili
Slide 10: The Solution: Hash-able Data
The Solution Mobile triangulation & Geolocation Email address scrubbing Device fingerprint Knowledge-based authentication Whatever the source of identity data, it can be stored and compared as an EgHash – e.g. Any biometrics Credit bureau data Bank account aging & name match Link analysis with conso
Slide 11: Onboarding & Fraud Detection
Onboarding & Fraud Detection 1. Complete a basic form 2. Take a “secure-selfie” and photograph the ID 3. Upon passing proof-ofliveness & ID verification: receive a PIN number to regain access Bank Account Takeover Detection Our AI took down three organized fraud gangs in 2019 Account Takeover Beta w
Slide 12: Financial & Societal Inclusion Project
Combining contactless capture, on-tablet processing, secure mesh network, NFC provisioning of contactless smart cards, and informed consent First Visit Biometric Enrollment Predictive Matching with an EgHash Token 2nd Visit (ID Verified) Smartcard for Offline Use An Initial Project Goal of 100,000,0
Slide 13: Target Market Size
By 2023 Mobile biometrics will authenticate $2 Trillion payments annually Target Market Size By 2024 we are targeting Annual Recurring Revenue representing a 0.25% to 0.75% share of total biometric services revenue Biometric Service Revenue (in Billions) Global 16.3% CAGR European 17.5% CAGR 2018 20
Slide 14: Market Landscape
We can fuse multiple biometric modalities and augment biometric modalities with other identifying data vs. legacy biometric service providers who typically offer only one or a limited range of individual biometric modalities. Legacy vendors are potential channel distributors. We can work with any id
Slide 15: How it Works: Private and Consortium Lakes
PRIVATE LAKE Participants can store EgHashes in a private Identity Lake™ allowing matching of future EgHashes on a oneto- one or one-to-many basis CONSORTIUM LAKE By also contributing some (or all) of their EgHashes to a Consortium Identity Lake, participating organizations can query new EgHashes ag
Slide 16: How it Works: Consumer, Supplier, Automated Market
CONSUMER Participants direct zero-knowledgeproof questions to Trust Stamp’s EgHash Translator & Z-K-P Engine and the EgHash(es) supplied are converted to a compatible format and used to query target Identity Lakes SUPPLIER Participants use the automated market to offer their Lake- Data, setting thei
Slide 17: How it Works: Lake Storage
Immutable & cryptographically verifiable transaction log SHAH-256 cryptographic hash function No need for specialized development staff Highly scalable: 2x to 3x the transactions supported by blockchain Accommodates both structured & unstructured data ACID compliant with the highest level of isolati
Slide 18: Business Model
Following large scale (paid) beta-tests, we started hashing biometric data from 3rd party biometric service providers, initially touchless palm and fingerprint templates. Our business model is now focused on ARR generating pay-per-use services including: & We entered the market building facial-biome
Slide 19: Traction
2016 / 2017 Incubators, customer discovery and building the team, IP portfolio and Core-AI. 1st bank customer had exclusive rights for bank/credit uses until 12/31/18 2018 U.S. and U.K. end-user facing beta implementations, iterative product development plus Plug and Play (both Silicon Valley and Ab
Slide 20: About Trust Stamp: Management Team
Lesley-Ann Vaughan (U.K.) Executive Advisor, Humanitarian and Development – 15+ years in financial service innovation Emma Lindley (U.K.) Chief Commercial Officer, EVP - Former Head of Identity and Risk VISA Europe Executive Advisor - Technical Capability (awaiting HMG approval) Executive Advisor -
Slide 21: Advisors
Charles Potts (U.S.) SVP and Chief Innovation Officer of The Independent Community Bankers of America® (ICBA), 40+ years in banking and fintech Frank Tighe (U.S.) Lead Entrepreneur in Residence at ATDC, 27+ years in executive and founding roles Sam Guttman (U.S.) Chairman of the International Associ