FxPro, a global financial services provider, has announced a
partnership with tell.money to implement Confirmation of Payee (CoP)
technology. This new feature will be integrated into BnkPro, the Electronic
Money Institution (EMI) under FxPro Group Ltd.
BnkPro Integrates CoP Technology to Improve Transaction
Security
The CoP technology aims to enhance transaction security by
verifying recipient account details during payments . This measure helps reduce
risks associated with misdirected transactions and fraudulent activities. The
integration is seen as a step to provide stronger protection against app-based
fraud.
“We’re proud to support FxPro in enhancing their
client security through our Confirmation of Payee service” David Monty, CEO at
tell.money commented.
“We’re delighted to support them in reducing fraud and
making transactions safer, reflecting a shared commitment to protecting users
in today’s financial landscape”.
BnkPro Rebrands After FCA Authorization
Initially established as Hermex International Limited in
2019, the company was authorized by the UK’s Financial Conduct Authority (FCA )
as an Electronic Money Institution (EMI). Later that year, the payments
division of HermexFX was acquired by FairFX Plc, supporting its growth
trajectory. In January 2021, the company transitioned to its new identity as
BnkPro Ltd.
tell.money Supports FxPro with CoP Integration
BnkPro offers various financial management tools, including
multi-currency solutions, instant currency exchanges, and the BnkPro
Mastercard. The introduction of CoP aims to enhance the overall security and
reliability of their services.
Paolo Broccardo, COO of BnkPro, stated that security is a
core focus for their services. He emphasized that tell.money’s expertise in CoP
technology supports their efforts to protect clients from fraud. The addition
of CoP technology is expected to improve the security of financial operations
for BnkPro’s clients.
“Security is a cornerstone of what we deliver to our clients
at BnkPro, and tell.money’s expertise in Confirmation of Payee gives us the
confidence to combat fraud head-on, ensuring our clients can transact with
trust and ease,” said Broccardo.
FxPro, a global financial services provider, has announced a
partnership with tell.money to implement Confirmation of Payee (CoP)
technology. This new feature will be integrated into BnkPro, the Electronic
Money Institution (EMI) under FxPro Group Ltd.
BnkPro Integrates CoP Technology to Improve Transaction
Security
The CoP technology aims to enhance transaction security by
verifying recipient account details during payments . This measure helps reduce
risks associated with misdirected transactions and fraudulent activities. The
integration is seen as a step to provide stronger protection against app-based
fraud.
“We’re proud to support FxPro in enhancing their
client security through our Confirmation of Payee service” David Monty, CEO at
tell.money commented.
“We’re delighted to support them in reducing fraud and
making transactions safer, reflecting a shared commitment to protecting users
in today’s financial landscape”.
BnkPro Rebrands After FCA Authorization
Initially established as Hermex International Limited in
2019, the company was authorized by the UK’s Financial Conduct Authority (FCA )
as an Electronic Money Institution (EMI). Later that year, the payments
division of HermexFX was acquired by FairFX Plc, supporting its growth
trajectory. In January 2021, the company transitioned to its new identity as
BnkPro Ltd.
tell.money Supports FxPro with CoP Integration
BnkPro offers various financial management tools, including
multi-currency solutions, instant currency exchanges, and the BnkPro
Mastercard. The introduction of CoP aims to enhance the overall security and
reliability of their services.
Paolo Broccardo, COO of BnkPro, stated that security is a
core focus for their services. He emphasized that tell.money’s expertise in CoP
technology supports their efforts to protect clients from fraud. The addition
of CoP technology is expected to improve the security of financial operations
for BnkPro’s clients.
“Security is a cornerstone of what we deliver to our clients
at BnkPro, and tell.money’s expertise in Confirmation of Payee gives us the
confidence to combat fraud head-on, ensuring our clients can transact with
trust and ease,” said Broccardo.
This post is originally published on FINANCEMAGNATES.
