{"id":14663,"date":"2024-08-02T13:38:23","date_gmt":"2024-08-02T13:38:23","guid":{"rendered":"https:\/\/trustpair.com\/blog\/trustpair-and-giact-announce-partnership-to-fight-b2b-payment-fraud-worldwide\/"},"modified":"2025-03-25T14:17:42","modified_gmt":"2025-03-25T14:17:42","slug":"trustpair-and-giact-announce-partnership-to-fight-b2b-payment-fraud-worldwide","status":"publish","type":"post","link":"https:\/\/trustpair.com\/gb\/blog\/trustpair-and-giact-announce-partnership-to-fight-b2b-payment-fraud-worldwide\/","title":{"rendered":"Trustpair and GIACT announce partnership to fight B2B payment fraud worldwide"},"content":{"rendered":"

70% of large corporations were affected by fraud in 2022<\/a>. In a world where B2B payment fraud is an all-too-frequent experience<\/strong> for many large companies, select actors in the finance ecosystem are joining forces to fight back.<\/p>\n

At Trustpair, a leading fraud prevention platform, we\u2019re thrilled to announce our partnership with GIACT<\/a><\/strong>, a London Stock Exchange Group (LSEG) business. As a result of our collaboration, Finance professionals will be able to automate account validation around the world, securing payments and significantly reducing the risk of fraud<\/strong>.<\/p>\n

What kind of partnership will it be and what can you expect in the future<\/strong>? Read on to find out!<\/p>\n

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A transformative product partnership that empowers Finance Teams<\/h2>\n

At Trustpair, we see our clients confronted daily with the complexity of payment fraud detection<\/a> and prevention. Did you know that fraud cost large companies more than $20B in 2022? The reasons are simple: insufficient automation plus too many complex and manual processes<\/strong>. Making sure the suppliers you\u2019re paying are actually the right ones isn\u2019t easy.<\/p>\n

Finance teams have to deal with nightmarish processes<\/strong> involving disconnected stacks and multiple manual tasks along their P2P chain. It\u2019s no wonder fraudsters take advantage. That\u2019s why Trustpair and GIACT are and collaborating. Through our partnership, we provide a more comprehensive account validation offering<\/strong> that\u2019s global in reach, significantly reducing the potential for fraud.<\/strong><\/p>\n

With more than a decade of expertise in the US market<\/strong>, GIACT help their customers facilitate faster and more secure transactions by combating payment fraud, account takeovers, and identity theft. Their account ownership and trusted payments solutions include real-time verification of bank accounts and signatories.<\/p>\n

At Trustpair, we\u2019re a top-notch fraud prevention platform<\/strong> that automates bank account validation across the P2P chain. We make sure our 200+ customers have access to the right data, with the right context, on one single platform.<\/p>\n

Through our partnership, Finance Teams in the US will be able to access GIACT\u2019s data source directly within the Trustpair platform. This US addition to Trustpair\u2019s unrivaled third-party data source is great news. Collectively, via this partnership, our offerings now provide international coverage for real-time and secure account verification<\/strong>, that can be accessed by a much broader set of customers.<\/p>\n

Watch our video to learn more about our partnership!<\/p>\n