🚀 Trustpair Integrates JPMorgan's Blockchain Solution Confirm To Verify Bank Account Information
#Trustpair #JPMorgan #Blockchain #Confirm #FraudPrevention #BankAccountVerification #Liink #Onyx #PaymentSecurity #DataDriven #VendorManagement
According to Odaily, anti-fraud platform Trustpair has announced the integration of JPMorgan's blockchain-based solution, Confirm, to verify bank account information. Confirm is a closed global account verification information network built on Liink, a permissioned and private blockchain developed by JPMorgan's Onyx division. Gloria Wan, Executive Director at JPMorgan Onyx, stated that Confirm was created to provide collective intelligence to improve company decision-making. She added, 'Companies operate in a data-driven world, but many still rely on inaccurate vendor and payment data for high-value transactions, significantly increasing the risk of fraud, payment errors, and delays.'
With this integration, Trustpair's more than 200 clients—including companies like Société Générale, Decathlon, and Danone—can now verify vendor bank accounts in 15 global markets, thereby reducing the risks of payment fraud and delays.#Trustpair #JPMorgan #Blockchain #Confirm #FraudPrevention #BankAccountVerification #Liink #Onyx #PaymentSecurity #DataDriven #VendorManagement
🚀 Swedish Central Bank Proposes New Reserve Rules to Ensure Payment Security
#SwedishCentralBank #reserveRegulations #paymentSecurity #financialSystem #financialResilience #digitalEconomy #paymentStability #financialInfrastructure
The Swedish Central Bank has put forward a proposal for new reserve regulations aimed at enhancing payment security. According to Jin10, the initiative is part of a broader effort to strengthen the financial system's resilience against potential disruptions. The proposed rules are designed to ensure that financial institutions maintain adequate reserves, thereby safeguarding the stability of payment systems. This move comes amid growing concerns over the security and reliability of financial transactions in an increasingly digital economy. The central bank's proposal is expected to undergo further review and discussion before any implementation. The initiative reflects a proactive approach to addressing potential vulnerabilities in the financial infrastructure.#SwedishCentralBank #reserveRegulations #paymentSecurity #financialSystem #financialResilience #digitalEconomy #paymentStability #financialInfrastructure