Articles from Trustpair

Trustpair, the leading vendor fraud prevention platform for global enterprises, just announced major advancements to its platform, reinforcing its position as the most comprehensive and regulation-ready bank account validation solution for enterprise finance teams.

Cyber fraud, including advanced schemes like AI-generated scams and business email compromise (BEC), surged across UK businesses in 2024, according to new data released today by Trustpair and OpinionWay. Based on a survey of 150 senior finance, treasury, and accounts payable executives across the UK, the research shows that 93% of companies were targeted by fraud in the past year, with 73% expecting risks to grow in 2025.

Cyber fraud (which includes activity such as hacking, deepfakes, voice cloning and highly sophisticated phishing schemes) rose by 14% year over year, according to new data released today by Trustpair. The proprietary research, which is based on a survey of 200 senior finance, treasury, and accounts payable executives, reveals that most U.S. companies (90%) were targeted by cyber fraud in the past year, compared to 79% of companies in 2023. The surge in fraud is largely driven by fraudsters’ rapid adoption of AI. In 2024, the use of generative AI tactics such as deepfakes and deepaudio increased by 118%.

Trustpair, leading vendor fraud prevention platform for multi-national corporates, has now enhanced its capability to verify global bank account information and extended its comprehensive coverage collaborating with Confirm, an application developed by Onyx by J.P. Morgan, the firm’s blockchain business unit, which provides scalable solutions and creates ecosystems that transform the way information, money and assets move.

Trustpair, the leading enterprise payment fraud prevention platform, announced a new brand identity today reflecting Trustpair’s ambitious global growth and commitment to providing innovative fraud solutions in a fragmented market. Trustpair has experienced significant growth in its customer base and expanded its team to over 100 employees across New York City, Paris, and Milan offices.

Trustpair, a leading enterprise payment fraud prevention platform, today announced it will offer global vendor bank account validations in the Coupa App Marketplace, connecting businesses with certified, pre-built solutions. Coupa certified Trustpair for use within the Coupa platform. Coupa helps teams collaborate to build more agile and sustainable operations, delivering intelligent and responsible spend strategies to meet their companies’ purpose.

Ninety-six percent of U.S. companies were targeted with at least one fraud attempt in the past year. Ninety percent of those companies were hit with at least one successful attack, according to a new research survey of more than 260 senior finance and treasury leaders. The proprietary research, which was conducted and released today by Trustpair, uncovered that a rise in cyber fraud, which includes activity such as hacking, deepfakes, voice cloning and highly sophisticated phishing schemes, is driving the increase in attacks.

Trustpair, a leading payment fraud prevention platform for large companies worldwide, today announced its recognition as an SAP Spotlight Partner App. Trustpair is now listed among the top 50 apps globally on the SAP Store.

Trustpair, a leading vendor fraud prevention platform for large companies, today announced the opening of its U.S. headquarters in New York City. The new office location will support Trustpair’s strategic expansion into the U.S. and enable the European technology leader to serve the market’s growing payment fraud prevention needs.

Trustpair announces a new survey release commissioned in partnership with GIACT, a LSEG company, to Treasury & Risk, ALM, an information and intelligence company. The survey reveals that 56% of US companies were targeted by B2B payment fraud in 2022.