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Trust Stamp Partners with Botdoc to Bring New Innovative ID Security to the Automotive Industry

Working together to decrease risk of fraud and make dealerships more secure as they face rising fraud rates, cybersecurity concerns and new data privacy regulations.

July 29, 2024
Trust Stamp Partners with Botdoc to Bring New Innovative ID Security to the Automotive Industry

Trust Stamp says that with increasing numbers of cars stolen from dealerships, identity document validation is even more necessary.

Credit:

Botdoc

2 min to read


Trust Stamp has partnered with Botdoc to integrate Trust Stamp’s low-code Orchestration Platform within the Botdoc Connect product, providing identity verification and know-your-customer capabilities. The integration includes document validation using the Driver License Data Verification, or DLDV, system of the American Association of Motor Vehicle Administrators and accessed by Trust Stamp under a license.

Trust Stamp and Botdoc previously worked in parallel in other industries, such as banking, lending and insurance, and are both graduates of the Independent Community Bankers of America ThinkTECH accelerator.

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Trust Stamp President Andrew Gowasack said, "I am thrilled to partner with Botdoc to bring our AI-powered technology to the automotive industry. Criminals are using counterfeit or altered driver's licenses, driving permits, and ID cards to commit fraud, and with nearly 80,000 cars stolen from dealerships last year, identity document validation is increasingly necessary. Now Botdoc customers can fight back using a variety of solutions through Trust Stamp’s low-code Orchestration Layer platform, which includes real-time capability to verify driver's license/ID information against data from the issuing agency."

Botdoc founder and CEO Karl Falk added, “This partnership brings together our years of innovation in other regulated industries. Understanding how different industries operate is a huge advantage with the cross-pollination of best practices in innovation, cyber security, and fighting fraud. With increasing cyber-attacks in automotive, it is imperative to incorporate the best practices from other industries into this (auto) environmentThis initiative brings a different perspective with new and innovative insights to the automotive industry.”

To learn more about the capabilities of Botdoc visit its website.

Originally posted on Auto Dealer Today

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