Open banking and decentralized financial services provide still further room for this problem to grow. Our unique Validate solution reduces this fraud risk by validating the payee’s name and bank account details before a payment is even made.
Fintech start-up iPiD has announced a $3.3M seed funding round by strategic investors Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri. In addition, the company has announced the appointment of Alain Raes, a long-time payments industry expert and former SWIFT executive, to the iPiD management team as Chief Commercial Officer.
What do customer look for when choosing a payment provider? How should we expect the remittance experience to be improved in the future.
Co-founder and former CEO of hoolah, Stuart Thornton, joins iPiD as Advisor
