Mumbai, India – 6 September 2023 :
This partnership will further expand Fable Fintech’s reach, allowing its users additional benefits of payee verification when sending instant payments globally to India, Indonesia, Nepal, Nigeria, Pakistan, USA, Vietnam, China, South Korea, Bangladesh and more.
With this integration, customers can enjoy the peace of mind that their payments are executed with unmatched precision and security, minimizing the risk of fraud and ensuring seamless transactions. iPid thus ensures for it’s customers a greater control over their financial activities, making it easier and safer to manage finances across borders.
Naushad Contractor, CEO, Fable Fintech, speaking on this collaboration, said: “Fable Fintech is a leading Cross Border payment Infrastructure globally. Our partnership with iPiD helps to enhance this infrastructure. On the other side, Banks and other entities who benefit from iPiD would get access to world class tech to either introduce efficiency or to replace their legacy platforms. The symbiotic nature of this partnership is extremely exciting for Fable Fintech. “
Alain Raes, Founding Partner and Chief Commercial Officer of iPiD further added : “We are thrilled to announce our partnership with Fable Fintech. The combination between the iPiD account validation platform and the end-to-end cross-border payment solutions of Fable Fintech will allow financial institutions, SMEs and large-scale organizations to process payments with a much higher level of certainty and to mitigate therefore the risk of fraud and rejects. We are looking forward to a very successful combination of values for our clients.”
About iPiD:
iPiD is a fast-growing, venture-backed fintech start-up that was founded in late 2021 by a global team who have held senior roles at major payments and technology companies, including SWIFT and Thomson Reuters. In addition to our HQ in Singapore, our global team has representatives in India, Belgium, Malaysia, Netherlands, UAE, Spain, and Vietnam.
iPiD’s vision is to make cross-border payments easy, secure, and seamless. We achieve this by partnering with financial services providers (banks, payment systems, payment fintechs, wallets…) to deliver an addressing data platform that helps the payment industry to provide a more efficient and user-friendly payment journey. iPiD is built for all – we do not replace banks, payment fintechs, wallets or remittance companies; nor do we replace existing payment rails. Our Advisory Board includes senior figures from across the industry: Christian Sarafidis, Microsoft Chief Business Development Officer WWFSI; Kosta Peric, Deputy Director, Financial Services for the Poor, the Bill & Melinda Gates Foundation; and Nick Lewins, former banking Chief Technology Officer and now an advisor in data and AI, cloud technology and digital transformation.
For more information, contact [email protected]
About Fable Fintech:
Fable Fintech is a global banking infrastructure company offering technology-powered platforms for cross-border, corporate, trade, and FX transactions. Since its inception in 2015, Fable Fintech has worked alongside banks, non-bank financial institutions, money services businesses, money transfer operators, and business corporates offering them payments technology. Fable Fintech’s platform approach solves global payments challenges by connecting 40+ clients to a pre-integrated network of license partners, collection and disbursement partners, and compliance and regulatory technology partners. The platform offers a modular approach that nine out of India’s top ten private banks already use to launch and grow their payments business. The platforms are live In 35+ send-heavy countries and 65+ receive-heavy countries with over 150 corridors being serviced globally. So far, it has successfully supported more than 8 million transactions valued at over $11 billion in various transaction sizes. Fable Fintech’s commitment to information security is ratified by the ISO27001 certification and compliance with the EU GDPR.
For more information, contact [email protected]