Trust Stamp is a small AI-powered identity authentication software company built around its core proprietary technology, the Irreversibly Transformed Identity Token (IT2). The IT2 converts biometric data — such as a face scan — into an anonymized token using a deep neural network; the original biometric cannot be reconstructed from the token. The token can be used for identity verification, fraud detection, KYC/AML compliance, account recovery, and multi-factor authentication, all without retaining or exposing the underlying biometric data. A key capability is that IT2 tokens can be compared across institutions to detect whether the same person has created multiple synthetic identities, even if that person passed conventional KYC checks using falsified documents. Trust Stamp sells primarily to financial institutions, government agencies, and NGOs through enterprise licensing agreements and a SaaS-based Orchestration Layer platform that customers access on a per-use, low-code/no-code basis. Key relationships include an undisclosed S&P 500 bank under a long-term contract and FIS, through which Trust Stamp has onboarded roughly 97 financial institutions to the Orchestration Layer. Revenue has historically been concentrated with the S&P 500 bank and Mastercard; with the Mastercard relationship winding down, Trust Stamp is diversifying into African telecom and government contracts, healthcare, cryptocurrency wallets, and alternatives-to-detention technology for criminal justice and immigration agencies. Trust Stamp also recently acquired Lexverify, an LLM-based compliance monitoring tool, and invested in Cyberfish, a cybersecurity training company.