Lean Technologies, the leading financial infrastructure provider in MENA, has partnered with iPiD, the global leader in Know Your Payee (KYP) solutions. The collaboration extends access to real-time payee verification to Lean’s customers, enhancing protection against fraud and misdirected payments.
Through this agreement, Lean will resell iPiD Validate, iPiD’s single global API for real-time payee verification. Using iPiD Validate, Lean’s customers can check whether the payee’s name and account details align before the payment is sent, reducing fraud losses, failed payments, and operational overhead.
“As the region’s financial infrastructure scales globally, offering accuracy and trust to our customers with cross-border payouts are a non-negotiable. Our partnership with iPiD brings the technology needed to ensure every international payout is fast, secure, and built for the next decade of growth” said Hisham Al-Falih, CEO of Lean Technologies.
Damien Dugauquier, CEO of iPiD, added: “Lean’s decision to integrate and resell iPiD Validate is a strong signal of the industry’s shift towards Global KYP. Together, we are making pre-transaction verification a standard that enhances both compliance and customer confidence across markets.”
With Lean as a partner, iPiD Validate will be available to a greater number of financial institutions, fintechs, and other enterprises seeking to protect their customers and strengthen the integrity of payments worldwide.
About Lean Technologies
Lean Technologies isthe leading financial infrastructure provider in MENA, enabling businesses toaccess financial data and initiate payments through a single, secure platform.Founded in 2019, Lean supports over 300 businesses and has processed more than$3.5 billion in transaction volume through over one million connected accounts.For more information, visit www.leantech.me.
