#Partnership: Sis ID and iPiD join forces to strengthen the fight against international bank transfer fraud
Through this collaboration, our corporate customers benefit from day-to-day support in securing their commercial exchanges in Europe, North America and other geographic zones, such as Asia, Africa and Latin America.
Paris, September 21, 2023 - Sis ID, a European expert in the fight against financial fraud, and iPiD, a startup specializing in the facilitation, security and transparency of cross-border payments, announce their partnership to guarantee their customers a better protection for their international payments. Thanks to the complementary nature of the platform developed by iPiD, Sis ID is extending its geographical coverage of third-party account validation to become the largest in the world and is continuing its global mission to combat the risks of bank identity error or theft throughout the world.
The major benefits for their respective customers include:
· A direct connection to the iPiD network via the Sis ID platform, enabling real-time verification of banking information
· Certification of international banking data
· A worldwide geographic coverage thanks to the 38,000 companies forming the Sis ID network and sharing their third-party data to form a rich database unique on the market.
"At Sis ID, we're very proud of this collaboration, which fits in perfectly with our strategy of deploying and democratizing our solution worldwide. With an already well-established presence in France and more generally in Europe, this partnership truly meets our objective of protecting our customers against bank fraud wherever they are. iPiD has a large portfolio of customers, the majority of whom operate in Asia, Africa and North America, geographies that are particularly relevant to Sis ID." explains Laurent Sarrat, CEO and co-founder of Sis ID.
"Our collaboration with Sis ID comes at an important stage in our development, as we strengthen our presence in many countries. Our two companies may be positioned in different markets, but they share the same global objective of fighting fraud on an international scale. Through this collaboration with Sis ID, our ambition is also to pursue our geographical expansion, while enriching our solution" explains Damien Dugauquier, CEO and co-founder of iPiD.
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About Sis ID
Conceived and created in 2016 by 13 CFOs and treasurers from the CAC 40, Sis ID markets the first digital and collaborative solution to fight bank transfer fraud. With its software solution and the power of its community of more than 38,000 companies that benefit from its services, Sis ID reverses the balance of power with fraudsters. With 50 employees and more than 20 key partners (BNP Paribas, SMA, IBM, etc.), Sis ID is recognized by its customers for its operational excellence and reliability.
By decompartmentalizing useful information in the fight against fraud, Sis ID federates actors to mutualize the detection of malicious acts. Together, we are stronger!
To find out more about Sis ID: www.sis-id.com
Founded in 2021, is a fast-growing, venture-backed fintech start-up with a diverse international team boasting extensive experience from leading payment and technology companies such as SWIFT and Thomson Reuters. Based in Singapore, iPiD has a solid presence in countries including 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.
iPiD's flagship offering, Validate, tackles the escalating issue of fraud and failed payments within the payment industry by confirming payee names and bank account details. This solution is especially effective in enhancing customer experience and combating authorised push payment (APP) fraud.
By providing a reliable, state-of-the-art solution for fraud prevention and payment validation, iPiD is transforming the fintech arena and fostering trust and confidence within the global financial ecosystem. The company's validation coverage now spans across India, Indonesia, Vietnam, the United States, Nepal, Nigeria, Pakistan, and more with over 2.5 billion accounts, further solidifying iPiD's commitment to revolutionising payment security and delivering exceptional customer experiences.
To find out more about iPiD : www.ipid.tech