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Trust Stamp and VIVA Finance partner to transform inclusive finance

By Edlyn Cardoza

March 14, 2022

  • Credit Management
  • Credit Score
  • Financial Inclusion
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Trust Stamp, Identity Services, VIVA Finance, FinTech, Financial Inclusion, Risk Management, Credit Management, Credit Score, USATrust Stamp, a privacy-first identity company providing AI-powered trust and identity services used globally across multiple sectors, announces a partnership with VIVA Finance, a mobile-first FinTech lending platform driving financial inclusion through their unique approach to affordable credit. With a shared core focus on financial inclusion, Trust Stamp and VIVA are leveraging their innovative solutions together to support robust, accessible, and equitable financial systems as the foundation for global inclusion.

VIVA empowers individuals with thin credit histories to establish the framework for long-term financial health by transforming access to affordable credit with loans underwritten by employment history rather than credit score. Their technology serves thousands of working Americans who are traditionally met with opaque and often predatory financial products.

In addition to perpetuating exclusion, credit checks and other traditional customer risk assessment procedures can be intrusive, expensive, and establish a narrow view of trust. Trust Stamp’s proven facial biometric verification, document validation, and data-protection methodologies use advanced artificial intelligence to enhance risk management measures while serving a greater population of users. The Company’s privacy-first tokenization technology maintains the utility of identity data while protecting information security within compliance processes, amplifying what consumers can access using their identity.

In combining their innovations, Trust stamp and VIVA are working to provide underserved individuals with an entry point to participate in the digital-first future of finance, breaking the barrier to achieving societal and financial inclusion.

Trust Stamp Chief Commercial Officer Kinny Chan comments: “Trust Stamp’s vision for global inclusion has driven our work to provide secure, privacy-first identity solutions for the billions of people around the world whose lack of verifiable data prevents them from accessing financial services. VIVA’s transformative work highlights the need for equitable services and greater consumer choice even in highly developed economies.”

Chan continued, “The integration of Trust Stamp’s secure, equitable, and dignified solutions for establishing trust is an important factor in the multifaceted effort to empower all individuals with financial opportunity. We are thrilled to work with the VIVA team as we continue fostering mission-aligned partnerships to expand the reach and impact of Trust Stamp’s powerful identity solutions.”

VIVA’s CEO & Co-Founder, Jack Markwalter, comments: “We are thrilled to partner with Trust Stamp to further our mission of building an inclusive financial system. This partnership will allow us to prevent bad actors from utilizing our application in a way that does not adversely affect honest people who may have thin credit files or no prior credit history.”

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