Trustpair helps finance and procurement teams verify vendor legitimacy, bank account ownership, and risk context before onboarding, payment, or bank account changes. Automate KYS controls globally and protect your business without slowing down operations.
Vendor identity verification provides proof of supplier legal identity, ensuring that an enterprise is onboarding and paying the correct legal entity by cross-referencing details such as tax numbers, corporate registration, and company identity.
This process helps minimize vendor fraud and errors while strengthening compliance with financial regulations. With the rise of automated business registers and Know Your Supplier (KYS) frameworks, businesses can access real-time corporate data, streamlining verification and enhancing payment security.
Verification involves comparing details such as the company tax ID, legal entity name, corporate address, and bank details with reliable official records to confirm identity. Modern technologies simplify the process, reducing risks such as fraud and vendor master errors while increasing efficiency.
Key features of Trustpair’s instant vendor verification include:
Verifying supplier identity is key to preventing fraud, ensuring that payments are sent to legitimate organizations while protecting sensitive information. It also flags potential issues before they escalate, reducing the chances of errors and fraud.
AI, machine learning, and automated data networks are transforming vendor identity verification. They make checks faster, more accurate, and more secure.
These technologies bring:
Connect Trustpair to your existing ERP, P2P, procurement, or TMS environment through native connectors, API access, or the web app. Verification becomes part of the workflow your teams already use.
Combine trusted banking and institutional data with a deterministic-first validation approach, smart algorithms, payment history, secure callbacks, and micro-payments when relevant. Trustpair helps detect identity mismatches and account ownership risks before payment.
Get clear results for most validations without waiting for manual callbacks. Trustpair combines global coverage, contextualized results, and case management so teams can move quickly without losing control.
"Thanks to Trustpair, we've made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we've appreciated the support and transparency."
"With Trustpair's verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: There is no longer any risk."
"We've gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed."
"Trustpair protects all the payment chain, reassures employees of their responsibility and makes the managers aware of the risks."
"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term"
"I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible."
"The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details."
"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."
"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."
"Trustpair effectively validates bank account ownership for vendors requesting bank changes, which aids in fraud prevention. I also appreciate the coverage that Trustpair provides."
"What we value most about Trustpair is its ease of use and ability to provide clear risk insights. It enables us to focus on critical areas, streamline fraud prevention, and maintain compliance worldwide. The platform’s global reach and integration capabilities make it an essential part of our financial security strategy."
"An easy-to-use tool, international scope on controls, speed, reliability. A team attentive to clients, responsive and creative."
"Flawless security, Great Automation and Support."
"Ease of use, implementation, features and customer support."
"The Trustpair solution secures financial transfers, with ease of use and proven efficiency."
KYC means Know Your Customer and is generally associated with verifying customers or account holders. KYS, or Know Your Supplier, applies similar due-diligence principles to suppliers and other business third parties. Trustpair uses KYS-related controls to help secure vendor onboarding, vendor data, and payments.
