Nium and iPiD Deepen Strategic Collaboration to Advance VoP Compliance and Global Fraud Prevention
With VoP becoming a regulatory requirement in the EU by October 2025, payment service providers (PSPs) will be expected not only to verify payee details but also to demonstrate that verification was attempted and properly recorded. Through this collaboration, the integration of iPiD Node extends the reach of Nium's Verify solution in the EU, with audit-ready coverage in the additional 41 countries of the SEPA zone; adding to Nium's instant account verification capabilities in 25 countries globally.
Nium's position as the only provider with direct access to global RTP schemes for the purpose of both payments and real-time account validation is complemented by iPiD Node's compliance-ready infrastructure. Since Nium launched Verify, it has helped customers save millions of dollars in fraud and error related costs. A leading global remittance provider saw their error rates reduce from 1.41% to 0.34% after implementing Verify. At the same time, iPiD Node has enabled institutions to meet increasingly stringent VoP compliance requirements through evidence-ready audit logs, while helping reduce false positives and manual reviews in high-risk cross-border transactions.
"It's powerful when a trusted partner chooses to become a customer," said Damien Dugauquier, Co-founder & CEO at iPiD. "We're proud to work alongside Nium — not just as fellow Singapore fintechs, but as like-minded teams solving the next generation of cross-border compliance and fraud challenges."
While many providers rely solely on name-matching tools for payee validation, Nium's Verify solution, with the integration of the iPiD Node allows its infrastructure to deliver an elevated experience, leveraging real-time API responses directly from domestic RTP systems for unmatched accuracy and fraud prevention, while also providing transparent, accurate and secure cross-border transactions. The addition of iPiD Node also ensures advanced capabilities in the EU including:
Real-time request/response name-checking flows
Evidence-ready forensics and audit logs to meet regulatory requirements
Flexible name-matching logic to balance security with usability
"As regulation and risk evolve, we're focused on building infrastructure that goes beyond the payment to provide both compliant and customer-centric solutions," said Alexandra Johnson, Chief Payments Officer at Nium. "Deepening our relationship with iPiD gives us the tools to further scale our Verify solution for account validation with confidence."
The collaboration also reflects growing synergy between Singapore's fintech leaders in advancing secure, compliant, and scalable financial infrastructure on the global stage. Together, Nium and iPiD are setting a new standard for payee verification - combining real-time intelligence, regulatory readiness, and ecosystem collaboration to make global payments safer and smarter.
About Nium Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 190+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
About iPiDiPiD is a global leader in Know Your Payee (KYP) solutions, specializing in payee verification. Our technology enables financial institutions, payments service providers and corporations to improve payment experiences, reduce errors, protect against fraud and ensure compliance.
Logo - https://mma.prnewswire.com/media/2747648/Nium_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/nium-and-ipid-deepen-strategic-collaboration-to-advance-vop-compliance-and-global-fraud-prevention-302526382.html
SOURCE Nium
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Fundwell Acquires EveryStreet, Uniting Payments, Cash Flow and Capital in One Platform
NEW YORK, August 13, 2025--(BUSINESS WIRE)--Fundwell, a leading fintech platform providing fast, flexible, and transparent business financing, today announced the acquisition of EveryStreet, an innovator in accounts receivable (A/R), accounts payable (A/P), and flexible payment enablement. The acquisition brings EveryStreet's team, including co-founders Logan Shedd, Scott Priddy, and Kevin Park into the Fundwell organization to strengthen its technology and product offerings to businesses around the country. EveryStreet's platform is a one-stop shop for managing, distributing, and completing invoices, powered by an embedded checkout solution with a mix of payment and financing capabilities. The platform helps reduce A/R days, improve cash flow, and increase sales conversion, while integrating seamlessly with existing ERP and financial systems to make adoption and scaling simple. The addition of EveryStreet represents a pivotal step in Fundwell's evolution from a leading funding marketplace to a full-scale business growth platform. By combining Fundwell's extensive lender network and credit products with EveryStreet's A/R and A/P management platform, businesses will have the tools to not only access capital when needed but also to proactively manage their cash flow, bridging short-term needs and long-term financial health. "This acquisition is about more than adding new technology. When I think about the most successful outcomes we've created for our customers, it's always been about helping them get control of their entire cash flow picture," said Sruli Anatian, CEO of Fundwell. "EveryStreet gives us a powerful new capability to help businesses manage their receivables, unlock working capital, and even spread out payments on their invoices over time, marking a foundational step in building an end-to-end platform that advises, equips, and finances businesses for long-term success." As part of the acquisition, EveryStreet's technology will be seamlessly integrated into Fundwell's platform, enhancing its capabilities to help businesses get paid faster, access financing more efficiently, and gain greater control over their cash flow. This integration builds on Fundwell's mission to move beyond one-time funding transactions to deliver year-round financial tools that support sustainable business growth. "We founded EveryStreet to help vendors and retailers view their cash position in real-time, providing them with the clarity needed to plan ahead, control expenses, and maximize their profits," said Logan Shedd, Founder of EveryStreet. "For most businesses, cash flow isn't just a metric; it's survival, and by becoming part of Fundwell, we're making it simpler to understand and easier to act on." The acquisition also brings proven leadership and technical depth to Fundwell. Co-founder and CEO Logan Shedd has built a career at the intersection of payments and embedded finance, holding senior roles in lending, operations, and revenue strategy at companies like Octane Lending, ChargeAfter, and LendingClub. Scott Priddy, co-founder and CTO, is a veteran technologist with decades of experience leading architecture and engineering at fintech and payments leaders, including PayPal, Visa, Mastercard, Ally, Vyze, and BGenerous. Kevin Park, co-founder and CPO, combines product management expertise with a finance background from Wharton, having shaped and implemented strategy and market expansion for high-growth startups and Fortune 500 institutions, including Capital One and JPMorgan Chase & Co. Together with their engineering team in the U.S. and Europe, they strengthen Fundwell's ability to accelerate innovation and scale. Sruli Anatian emphasized that the move is not just about technology, but it's about expanding Fundwell's role in the financial lives of its business owners. "Businesses shouldn't only come to Fundwell when they're in urgent need of capital. They should be plugged into our platform year-round, getting insights on where their cash is coming in, where it's going out, and how to bridge the gaps before they become crises," he said. With the acquisition of EveryStreet, Fundwell is advancing toward its vision of becoming the go-to growth partner for businesses by providing the tools, funding, and guidance they need to not only survive cash flow challenges but to thrive well beyond them. The deal closed on August 11, 2025, and integration is already underway. The first phase of the combined platform is set to debut later this year, marking the beginning of a new chapter in how businesses control, optimize, and grow their financial futures. About Fundwell Fundwell is on a mission to redefine business financing with integrity and innovation. By leveraging proprietary AI decisioning and a curated network of lender partners, Fundwell delivers transparent funding options that move at the speed your business demands. Since inception, Fundwell has supported thousands of businesses nationwide, providing over $1 billion in capital to fuel their growth. Learn more at: View source version on Contacts David JosephHead of MarketingDirect: +1-646-290-7187Email: david@
Yahoo
3 minutes ago
- Yahoo
Wall Street's $45 Billion Hong Kong Comeback Has a Dangerous Catch
Hong Kong is back in the game. After years of silence, the city's IPO machine is firing on all cylinderspowered by a surge in Chinese capital raising. CATL, China's battery giant, led the way with a $5.2 billion listing to fund its Hungarian factory supplying Mercedes and BMW. BYD (BYDDF), a major Tesla (NASDAQ:TSLA) competitor, raised $5.6 billion to fuel global expansion. In total, over $45 billion has been raised through listings and placements this yearup from just $6.3 billion a year ago. The Hang Seng Index is up 24%, outpacing US and European markets. Equity desks at Morgan Stanley, Credit Agricole, and local powerhouses like Citic are packed. One law firm partner said they're turning away deals and hiring to keep up with the pipeline. The momentum looks durable, with more than 200 IPOs in the works and a rebound in office leasing that's luring firms like Jane Street, Ardian, and Arga back into the city. Warning! GuruFocus has detected 2 Warning Sign with JD. But this isn't just a story about capital. It's a story about control. Beijing is tightening its gripand Hong Kong is now the bridge for China to access global markets, not the other way around. Chinese regulators have slowed US listing approvals while actively loosening capital controls in Hong Kong. That shift has tipped the scales: nearly 70% of new listings this year come from mainland firms already listed onshore, up from just 2% in 2023. Officials are pushing harder than evereasing float rules, accelerating cross-border flows, and publicly calling for market reform. Behind the scenes, Wall Street firms are jumping in, but also navigating landmines. When CATL tapped JPMorgan and Bank of America as lead underwriters, US lawmakers lashed out, warning of significant reputational and regulatory risks. Jamie Dimon stood his groundbut subpoenas followed. The pressure isn't letting up. And that's the catch. This boom isn't just cyclicalit's strategic. China's corporate heavyweights, facing deflation and domestic saturation, are expanding overseas. Factories. M&A. Global brand building. Hong Kong is the fundraising pit stop. But the tighter the city links itself to Beijing's playbook, the more exposed it becomes. With Trump extending a pause on tariffs (for now) and trade talks warming up, markets are breathing easier. But risks remain. Washington sanctions are stacking up. Multinationals are using burner phones. And Beijing's political shadow looms larger than ever. One former Wall Street chairman put it bluntly: this isn't a revival of Hong Kong's global statusit's a repositioning. A rally, yes. But one with strings attached. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Wall Street's Wild Rally: Why No One Cares About Tariffs Anymore
Investors are in full-on risk modeand they're not waiting around to see how the Trump tariffs play out. From small caps to crypto, riskier corners of the market are lighting up as bets on a Federal Reserve rate cut heat up. The S&P 500 (SPY) is up nearly 30% from its April lows, with Tesla (NASDAQ:TSLA) and other megacap techs carrying most of the load. According to Deutsche Bank, just a handful of tech giants were responsible for 90% of the index's Q2 earnings growth. The Russell 2000 is climbing for the fourth straight month, emerging-market stocks are catching bids, and even speculative European bank bonds are finding buyers. The fear? Gone. Volatility measures like the VIX and MOVE indexes are plumbing their lowest levels in months. Traders are now pricing in a nearly 90% chance the Fed cuts rates in September, with some even betting on a 50-basis-point move. Treasury Secretary Scott Bessent added fuel to that fire, saying rates should probably be 150 to 175 basis points lower. The market has latched onto that narrative. Even currency volatility has dropped to its lowest in a year. All the while, the economic backdrop remains soft: labor market data isn't running hot, inflation came in as expected, and for now, that's enough. The mood is surprisingly bullishit's almost like what tariffs, who cares?' said Neil Birrell, CIO at Premier Miton. That detachment from reality? It's workingat least for now. But not everyone's ready to join the parade. It's very expensive right now to be bearish, said UBS O'Connor's Bernard Ahkong, who still sees plenty of risks lurking in the background. Bloomberg's Mark Cudmore warned that rising long-end yields or another Trump curveball could snap the rally. Still, Wall Street strategistssome of whom had slashed targets back in Aprilare now raising their outlooks. Citigroup's Scott Chronert even bumped up his year-end S&P 500 target, betting that potential tax cuts could outweigh tariff impacts. For now, the market's not trading fearit's trading FOMO. This article first appeared on GuruFocus. Sign in to access your portfolio
