UniCredit and Trustpair, the leading platform to prevent B2B payments fraud, have today announced a partnership that will see the latter enrich its digital platform by offering IBAN Check Italy, a UniCredit Open Banking solution developed in conjunction with CBI consortium (Consorzio Bancario Italiano).
Thanks to IBAN Check, Trustpair’s clients will be able to check in real-time the correct association between the IBAN and Fiscal / VAT Code of Italian beneficiaries.
This level of control adds security and efficiency to onboarding and payment operations, ensuring that valid information is always supplied, in a workable format with company processes – thereby minimizing inefficient manual interventions and the risk of fraud.
IBAN Check in Italy is one of the first in an ecosystem of value-added services based on API technology which UniCredit is strongly committed to the context of its Group digitalisation strategy.
Raphael Barisaac, UniCredit’s Global Head of Payments & Cash Management, commented: “Our customers already appreciate the support we provide them as regards digitalisation, and Open Banking is one of the strands in which we will continue to invest in order to make further innovative solutions available to them. The implementation of value-added services to customers using the platform of Trustpair goes exactly in this direction.”
Baptiste Collot, CEO, Trustpair, added: “Trustpair helps companies manage vendor data properly and avoid fraud risk at scale, which is important considering a single company can have thousands of local and international vendors. We’re happy to launch this partnership today with UniCredit, the leading Italian bank, which is a strategic geographical coverage need for many of our customers.”
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