Wire transfer fraud is a real burden for Financial teams. They happen because of obsolete process in Major groups which are manual, insecure and a total waste of time. Trustpair automatizes suppliers checks to detect wire transfer fraud and secure suppliers payments journey.
Created in 2017, Trustpair is an all-in-one solution to prevent wire transfer fraud. It was founded by three french entrepreneurs with solid backgrounds in Treasury and Data. Truspair ensures that Financial teams pay the right supplier on the right bank account at the right moment. It is as simple as that.
Thousands of batch payments are sent on a weekly basis. But signatories are not able to verify upstream process, and cannot make sure that each supplier bank detail has been correctly checked. At the same time, supplier’s bank details within Vendor Master Files evolves, is increasing and data is becoming obsolete. How can companies actually manage the data available in their Vendor Master Files ?
Conceived by fraud, cybersecurity and data engineers, Trustpair is able to detect errors and anoalies along the supplier payment journey.