[The Netherlands, Brussels, February 2025] – iPiD, the leading provider of Know-Your-Payee (KYP) solutions, is proud to announce its partnership with iBanFirst. As a new standard for international transactions, iBanFirst has integrated iPiD’s core KYP solution (iPiD Node) to enable Confirmation of Payee (CoP) in the UK and go live with Verification of Payee (VoP) in the EU, ahead of regulatory timelines. iBanFirst will also incorporate payee verification into cross-border payments, facilitated by iPiD Validate, hence accomplishing a comprehensive global KYP solution and setting a new standard in payment security and customer experience.
Why IbanFirst Chose iPiD
iBanFirst selected iPiD’s cutting-edge solution for its ability to deliver a comprehensive, all-in-one approach to payment validation. Key factors influencing their decision include the unified platform, which consolidates CoP, VoP, and cross-border payment validation, eliminating the need for multiple integrations and reducing operational complexity, as well as iPiD’s proven KYP expertise, which enhances security and ensures compliance with the latest regulatory standards.
A Milestone in Compliance and Payment Security
This partnership highlights the advantages of comprehensive Global Payee Verification solutions, which simplify compliance, enhance customer experience, and reduce fraud risks.
Statements from Leadership
"We are thrilled to partner with iBanFirst to bring our innovative payment validation solutions to the forefront of the European market and beyond. This collaboration underscores our shared vision of delivering secure, efficient, and customer-centric payment solutions," said Alain Raes, Founding Partner & Chief Commercial Offer at iPiD.
"Our partnership with iPiD enables us to maintain our technological lead in the market by implementing cutting-edge payment validation technologies. This aligns perfectly with our mission to deliver unparalleled security for our clients without compromising the customer experience," said Julien Molez, Chief Operations Officer at iBanFirst.
About iPiD
iPiD is a global leader in KYP solutions, specializing in payee verification. Our technology empowers financial institutions and fintech companies to optimize payment experiences while protecting against fraud and ensuring compliance.
About iBanFirst
Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses that trade and carry out international payments. iBanFirst offers a next-generation cross-border payment experience that combines a powerful platform and the support of FX experts. With more than 350 employees in 10 European countries, processing a volume of transactions worth more than 2 billion each month, and listed by the Financial Times as one of Europe's fastest growing companies, iBanFirst became in less than 10 years a trusted partner for SMEs across borders. iBanFirst has the financial backing of the French public investment bank (BpiFrance), European venture capital leaders (Elaia, Xavier Niel), and the American investment fund Marlin Equity Partners.
Regulated by the National Bank of Belgium as a payment institution, iBanFirst is authorised to operate throughout the European Union.
For more information, visit www.ipid.tech or contact Adriena Lim, Growth & Brand Director at adriena.lim@ipid.tech.
