Surecomp Marketplace partners with forgery detection firm Gradiant

Surecomp, a provider of global trade finance solutions for banks and corporates, has announced the addition of document forgery detection solution Valida by Gradiant to its Marketplace platform. The latest fintech partner to join the company’s trade finance ecosystem platform is a prevention tool in the fight against fraud.

Founded in Spain, Gradiant provides enhanced security to their digital onboarding and KYC workflows. Using AI-based technology, Valida is a forensic analysis solution that assesses the trustworthiness of documents by automatically detecting the digital forgery and manipulation of a wide range of documents such as invoices, passports and bank guarantees. 

“Given the extent of digital transformation acceleration we have seen since the pandemic, it is more critical than ever that banks and corporates protect themselves against losses resulting from fraud,” said Gradiant’s executive director, Luis Pérez-Freire. “Particularly in the context of trade finance which is a complex business, we are absolutely passionate about providing the highest standard of security to customers, and are proud to be welcomed as an accredited Marketplace partner of Surecomp.”

“Expanding the platform with trade finance specific fraud prevention capabilities helps our customers to process more secure - and thus more valuable - transactions," added Enno-Burghard Weitzel, SVP Strategy, Digitization and Business Development at Surecomp. "Adding value to our customer’s business is the most important benefit of the Surecomp Marketplace.”

 

Payments Canada selects Interac as exchange solution provider for real-time payments 

Payments Canada has announced the selection of Interac Corp. as the exchange solution provider for Canada’s real-time payments system, the Real-Time Rail (RTR). This announcement follows a selection process that included participation from the Bank of Canada.

The exchange solution provided by Interac will allow Payments Canada members participating in the RTR to send and receive RTR payment messages. The partnership will leverage Interac’s existing infrastructure in Canada’s payment ecosystem and its existing connectivity to nearly 300 financial institutions. To enable the settlement of RTR payments in real-time, the exchange solution will interface with the clearing and settlement solution being provided by Mastercard’s Vocalink. 

“Interac is a well-suited partner to support the launch and ongoing operations of Canada’s new real-time payments system," said Tracey Black, president and CEO of Payments Canada. "They have made significant investments in infrastructure and services and, with connectivity to almost 300 financial institutions in Canada, will be able to support the rapid adoption of real-time payments in Canada.”

Operated by Payments Canada and regulated by the Bank of Canada, the RTR will allow Canadians to initiate payments and receive irrevocable funds in seconds, 24/7/365. Leveraging the ISO 20022 data standard, the system will support payment information traveling with every payment. The RTR is expected to launch in 2022.

 

Bill.com receives Nacha certified status

Nacha has approved Nacha Certified status for Bill.com, a cloud-based software platform that facilitates ACH payments. Nacha Certified is a voluntary program for third-party senders in the ACH Network, such as Bill.com. By meeting rigorous criteria, Nacha Certified companies demonstrate to their customers, peers and others that they meet Nacha’s standards for high-quality ACH payment processing, including strong corporate governance and effective Nacha Rules compliance and risk management. This is Bill.com’s second time achieving Nacha Certified with the first in 2018.

Bill.com is a cloud-based platform that automates and streamlines cash flow processes such as accounts payable and accounts receivable. The company has over 100,000 customers and 2.5 million network members, and partners with 80 of the top 100 accounting firms, several US financial institutions and accounting software providers.

“Bill.com has demonstrated its commitment to sound ACH processing by achieving Nacha Certified,” said Michael Herd, Nacha senior vice president, ACH Network Administration. “By being Nacha Certified, Bill.com helps keep the modern ACH Network strong and safe.”