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Bank transfer fraud: Applium distributes and implements the Trustpair solution

In 2019, more than 7 out of 10 companies have suffered at least one attempt at transfer fraud (fake supplier, president fraud, cyber fraud…), and the health crisis is only heightening the level of insecurity. Faced with this situation, more and more companies are looking to implement solutions and processes aimed at limiting or eliminating this risk.

Unfortunately, manual controls are not a sufficient bulwark against the risk of fraud. Indeed, the control procedures performed by operational teams accumulate and represent a heavy burden. Manual controls are time-consuming and extremely fallible. The benefits of automating these procedures are twofold: they considerably enhance security, and reduce low value-added tasks.

The Trustpair solution, available exclusively in SaaS mode, is the perfect answer to this problem, providing a secure repository for checking a supplier’s RIB before payment (in Europe and China, with the USA currently being opened). This ensures that you pay the right supplier to the right bank account.

Faced with the explosion in demand in this area, Applium and Trustpair have joined forces to set up a contract enabling Applium to market the Trustpair solution to SAP customers, and to provide implementation and user support. Through this partnership, SAP customers will benefit from an interface between the Trustpair solution and their SAP ECC6 or SAP S/HANA environments.

Applium teams are available to present and demonstrate the solution.

More information on www.applium.fr/Trustpair