Stop fraud, at its source

Protect your business from fraud before it’s too late

In 2024, 85% of SME and mid-cap companies fell victim to fraud. This alarming statistic has driven us to create solutions to help you identify and block suspicious beneficiaries, long before they can cause you financial loss.

Identify suspicious beneficiaries

Validate your suppliers' identities

Validate your suppliers' identities

Instantly obtain essential information about your partners, such as the company's creation date, the owner’s name, and its business sector. This allows you to validate your suppliers' identities before making a payment, helping you avoid common scams like supplier fraud and CEO fraud.

Validate your suppliers' identities
Automatically verify every IBAN (coming soon)

Automatically verify every IBAN (coming soon)

Every IBAN is automatically scanned to detect any anomalies. Our system checks key elements: the match between the beneficiary's name and the IBAN, and the IBAN's fraud history. These checks are performed systematically when adding a new beneficiary and before every transfer.

Implement a four-eye check with a validation workflow

Implement a four-eye check with a validation workflow

You can implement a validation workflow for IBANs and transfers, requiring administrator approval directly from our banking interface. This dual validation strengthens your first line of defense against internal and external fraud attempts.

Why choose Memo Bank to protect your business?

 Access real-time and up-to-date data

Access real-time and up-to-date data

Our algorithms query the most reliable and current services or platforms, such as the EBA Clearing's FPAD (Fraud Pattern Anomaly Detection) and Pappers (a corporate registry website) for legal information.


expertise augmentation capital

Access to a full suite of anti-fraud tools

In addition to our anti-fraud solution, we provide an arsenal of tools to protect your business, including virtual IBANs, direct debit blocking, real-time visibility over all company’s financial movements, and automated financial workflows via our Premium banking API.


Tools with no extra cost or complex integration

Tools with no extra cost or complex integration

While most financial players treat security as a paid option, we see it as the foundation of our partnership. All our subscription plans include a comprehensive risk management component, with no extra fees or complex technical integration.

Protect your business for the long term

Features
  • 1

    Active prevention: Screen for fraud from the moment a beneficiary is created, long before any transaction occurs.


  • 2

    Enriched information: Access legal data and risk assessments for every IBAN.


  • 3

    Customised validation: Define your own beneficiary validation rules and integrate them into your workflow.


  • 4

    Compliance beyond Verification of Payee regulatory requirements.

Experience
speaks louder than words.

Ready to leave the dark side of banking behind?

Logo Memo Bank
Logo Memo Bank