Calls, counter-calls, data searches: third-party checks performed by financial teams do not provide sufficient protection against wire transfer fraud. Manual, time-consuming and highly fallible, verifying a single third party takes over 30 minutes on average. Save time and increase the security of your controls with automation.
Checking the identity of third-parties in an international scope is not a simple task for Finance teams. In addition to manual controls and the use of various data sources, specific tools only control a part of the French bank details. Ensure the control of your third-parties in a large and international perimeter.
Third-party controls performed by Finance teams are uncertain and based on trust. There is no way for teams to monitor compliance with control procedures and keep track of the verifications performed. Trustpair allows you to streamline your control processes while complying with regulations: