Pannovate Selects tell.money to Power Open Banking Solutions for Their Clients March 6, 2025
Pannovate, an award-winning Banking-as-a-Service (BaaS) platform and orchestration layer, has announced tell.money as its chosen partner for open banking gateway services. This strategic collaboration underlines Pannovate‘s commitment to delivering innovative, seamless digital and embedded finance experiences for the connected economy.
By integrating tell.money’s open banking gateway capabilities, Pannovate enhances its ability to provide a comprehensive suite of modular solutions. tell.money’s open banking expertise complements Pannovate’s 150+ APIs and network of 47 fully integrated partnerships, further strengthening the platform’s position as a leader in the BaaS and embedded finance space.
Pannovate’s robust platform supports banks, fintechs, and businesses in rapidly launching white-label banking or payment solutions with features like account and wallet management, payment processing, and card issuing. With tell.money as a partner, Pannovate clients gain access to enhanced open banking functionality that simplifies integration, reduces complexity, and unlocks opportunities to build advanced financial capabilities for their end-users.
“Our selection of tell.money as an open banking gateway partner aligns perfectly with our vision of enabling clients to deliver intuitive and scalable financial experiences,” said Ian Staniforth, COO at Pannovate. “Together, we’re setting new benchmarks for speed to market, flexibility, and user experience, ensuring businesses stay ahead in a rapidly evolving financial landscape.”
Operating since 2016, Pannovate has built a reputation for challenging the status quo and driving innovation through its orchestration layer and extensive partner network. tell.money brings a focused and proven track record in providing secure, streamlined, and compliant open banking solutions, making it an ideal partner to bolster Pannovate’s value proposition.
“We’re thrilled to join forces with Pannovate to enhance open banking capabilities for their clients,” said David Monty, CEO at tell.money. “This partnership is a testament to our shared dedication to simplifying and accelerating access to next-generation financial services.”
This collaboration underscores Pannovate’s mission to empower its clients with tools that create impactful user experiences, reduce costs, and scale effortlessly across multiple regions. By integrating tell.money’s gateway into its modular platform, Pannovate strengthens its ability to offer secure, compliant, and value-driven solutions that cater to the diverse needs of banks, fintechs, and innovators.
Crassula selects tell.money to streamline open banking compliance and enhance payment security with Confirmation of Payee February 27, 2025
Navigating regulatory compliance while delivering seamless financial services can be complex, but Crassula is making it easier. By integrating tell.money’s open banking and Confirmation of Payee (CoP) solutions, Crassula is enabling its clients to meet PSD2 compliance requirements while enhancing security and fraud prevention.
As a platform designed to help businesses launch customisable digital banking solutions, Crassula offers neobanks, e-wallets, and embedded finance providers a fast and efficient route to market. With over 60 service integrations, choosing tell.money was a natural step in ensuring compliance remains simple and scalable for its clients.
“We wanted a solution that would make compliance straightforward for our clients without adding complexity to their operations. Tell.money provides exactly that—an efficient way to integrate open banking and CoP, so businesses can focus on growth rather than regulatory hurdles.” – Daria Dubinina, co-CEO at Crassula.
With a focus on plug-and-play regulatory solutions, tell.money helps financial service providers meet compliance standards quickly and effectively.
“Crassula is building an ecosystem where fintechs can scale efficiently, and we’re pleased to support them in making open banking and CoP easier to adopt. Our goal is to help businesses stay compliant while improving security for their customers.” – Rob France, CCO at tell.money.
By integrating tell.money’s technology, Crassula is reinforcing its commitment to secure, compliant, and user-friendly financial solutions, ensuring its clients can operate with confidence in an evolving regulatory landscape.
Monavate Partners with tell.money February 12, 2025
Monavate Partners with tell.money to Strengthen Payment Security with Confirmation of Payee (CoP) and Expand Open Banking Services.
Monavate, the innovative card scheme sponsor and payment enablement platform, has selected tell.money to enhance its Confirmation of Payee (CoP) security and open banking capabilities. This strategic move reinforces Monavate’s commitment to fraud prevention, compliance, and seamless financial innovation.
As a principal member of Visa, Mastercard, and Discover, Monavate empowers businesses to build limitless payment ecosystems. Following a detailed market review, Monavate chose tell.money’s trusted, easy-to-integrate solutions to strengthen fraud prevention, payment security, and regulatory compliance—ensuring a frictionless experience for businesses and their customers.
“Security and compliance are at the core of what we do at Monavate,” said Mat Peck, Chief Technology Officer at Monavate. “With tell.money’s CoP solution, we can provide an essential layer of security that ensures payments reach the right recipient, ensuring our customers can transact with confidence. Combined with their open banking capabilities, this partnership allows us to continue offering cutting-edge financial solutions with the highest level of security and trust.”
Tell.money specialises in streamlined regulatory solutions for financial institutions, enabling them to implement CoP and open banking with minimal friction.
“We’re thrilled to partner with Monavate as they continue to lead the way in payments innovation,” said David Monty, CEO at tell.money. “By integrating CoP and open banking, Monavate is further strengthening payment security while unlocking new possibilities for fintechs and payment providers.”
With over 5.5 million cards issued, 320 million+ transactions processed, and £4.7 billion settled across 32 countries, Monavate continues to simplify payments and empower businesses worldwide.
TransferGo partners with tell.money to further strengthen its fraud prevention by implementing Confirmation of Payee (CoP) January 28, 2025
TransferGo, the global fintech empowering a world on the move, has partnered with tell.money to introduce Confirmation of Payee (CoP) technology. This initiative enhances security, combats fraud, and provides customers with even greater confidence in every transaction.
Serving over 8 million customers in 160 countries, TransferGo is dedicated to making financial services more accessible, addressing both personal and business challenges in a fast, affordable, and simple way. By integrating CoP technology with tell.money, TransferGo adds an additional safety layer to mitigate the risks of payment fraud and misdirected transactions, further strengthening its commitment to customer security.
“At TransferGo, our customers’ security and peace of mind are at the core of everything we do,” said Simon Moran, Chief Commercial Officer at TransferGo. “By integrating Confirmation of Payee technology, we’re not only enhancing fraud prevention but also empowering our customers with an even greater level of confidence in their transactions. This partnership with tell.money reflects our unwavering commitment to innovation, trust, and delivering a seamless experience that prioritises safety and reliability while ensuring that everyone has access to fairer financial tools.”
David Monty, CEO at tell.money comments: “We’re proud to partner with TransferGo. Our mission has always been about doing our part to help the financial ecosystem thrive and, in turn, empowering end consumers. Both of our organisations are focused on removing barriers to financial services and building trust with those who rely on us. Through Confirmation of Payee, we’re helping TransferGo create a safer, more inclusive financial experience for millions worldwide.”
TransferGo is a global fintech company creating a fairer world for millions of individuals and businesses by offering simpler and fairer financial services. Celebrating over twelve years of innovation, TransferGo continues to break down financial barriers, supporting over 8 million customers across 160 countries. With a strong focus on financial inclusion, TransferGo’s mission is to make the world fairer by providing people and businesses with more ways to make the most of their hard-earned money. Headquartered in London and Vilnius, TransferGo employs more than 400 people across Europe.
FxPro Selects tell.money for CoP to Combat App Fraud and Enhance Security January 7, 2025
FxPro, a global leader in financial services and electronic money solutions, has announced its partnership with tell.money to implement Confirmation of Payee (CoP) technology. This integration enhances security for BnkPro, the innovative Electronic Money Institution (EMI) under FxPro Group Ltd, and provides their clients with greater protection against app fraud and unauthorised transactions.
With the rise of app-based fraud, ensuring robust protection for financial transactions will continue to be critical in the new year of 2025 and going forward.”. The CoP feature validates the recipient’s account details during payments, reducing the risk of misdirected transactions and fraudulent activities. By leveraging tell.money’s CoP expertise, FxPro offers its BnkPro clients a stronger layer of security, ensuring peace of mind for their financial operations.
“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. This partnership reflects our dedication to providing secure, efficient, and innovative solutions for managing wealth.” said Paolo Broccardo, COO of BnkPro.
BnkPro’s clients already benefit from a suite of financial management tools, including multi-currency solutions, instant currency exchanges, and the exclusive BnkPro Mastercard. Adding CoP to its offering through tell.money ensures a smoother, more secure experience for global transfers and everyday financial operations.
“We’re proud to support FxPro in enhancing their client security through our Confirmation of Payee service” David Monty, CEO at tell.money comments. “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”.
As a trusted name in financial services, the FxPro group of companies continues to prioritise client security and innovation. Partnering with tell.money for CoP reinforces their role as a leader in secure and efficient financial solutions, providing unparalleled convenience and confidence for their clients worldwide.
About FxPro and BnkPro
FxPro Group, a global financial services provider, introduces BnkPro, its cutting-edge Electronic Money Institution. Specialising in secure, multi-currency solutions, BnkPro offers seamless global transfers, instant currency exchanges at competitive rates, and robust financial management.
With the exclusive BnkPro Mastercard, clients gain unparalleled convenience for everyday spending and access to thousands of Stocks & ETFs. BnkPro is the ultimate service for managing and growing your wealth.
Caxton Payments Enhances Security with Strategic tell.money Partnership December 10, 2024
London, UK – As part of its relentless pursuit to stay ahead of payment fraud, Caxton Payments has teamed up with tell.money to introduce Confirmation of Payee (CoP) services, adding yet another cutting-edge layer of security to its platform and ensuring customers’ funds are more protected than ever.
This collaboration comes at a crucial time, as authorised push payment fraud for the first half of 2024, though declining, still reached 97,344 cases and caused personal losses of £166.5 million and business losses of £47.2 million.(1)
The partnership will integrate tell.money’s Confirmation of Payee service, a fully managed SaaS solution, enabling both business and consumer clients to verify account details before initiating payments. This development aligns with the growing industry adoption of CoP, which has seen a huge growth in the daily checks run by payments organisations.
Alana Parsons, COO of Caxton states: “At Caxton, we’re dedicated to safeguarding our customers’ payments with industry-leading security enhancements, like our new confirmation-of-payee checks. This additional layer of verification helps our users avoid accidental misdirected payments and strengthens protection against fraud. Our customers’ peace of mind and the security of their funds, is at the heart of every innovation we bring to the Caxton platform.”
The implementation comes as the UK’s Payments Systems Regulator is expecting to see near ubiquity Of Confirmation of Payee by its deadline at the end of October 2024, marking a significant milestone in payment security. The service will be available to all Caxton clients, allowing them to verify recipient details before initiating transfers, thereby reducing the risk of misdirected payments and fraud.
David Monty, CEO of tell.money, says: “We’re thrilled to be working alongside Caxton on this vital project. Like us, the team at Caxon is determined to provide services that place the customer at the centre. Our CoP solution certainly delivers that peace of mind, not just for Caxton and its customers, but also for the wider ecosystem interacting with those account holders. We believe that a well functioning payments ecosystem provides the best possible outcomes for all end users, and we are delighted to be working with like-minded people at Caxton.”
As the holiday season approaches, this enhancement provides timely reassurance for both businesses managing year-end payments and individuals sending money to family and friends.
About Caxton Payments:
Established in 2002, Caxton Payments Limited is a leading financial services provider offering comprehensive payment solutions for businesses and individuals. The company specialises in international money transfers, multi-currency accounts, and travel money services, serving clients globally with transparent rates and dedicated support through their API-driven platform. For more information visit https://caxton.io.
About tell.money:
Tell.money is a market-leading open ecosystem platform, offering a suite of services that include Dedicated Interface APIs, Confirmation of Payee, and advanced Test & Monitoring systems. With a commitment to promoting seamless integration and regulatory compliance in the open banking ecosystem, tell.money continues to transform financial technology into a force for good. For more information visit Visit https://www.tell.money.
Notes to Editors
For media Enquiries contact:
David Monty, Co-Founder
Tel: 44 (0)20 3143 0207
Email: david@tell.money
Website: https://www.tell.money
Data Sources: (1) https://www.ukfinance.org.uk/news-and-insight/press-release/over-ps570-million-stolen-fraudsters-in-first-half-2024
tell.money Partners with Enfuce to Deliver PSD2-Compliant Open Banking Services for Their Customers December 3, 2024
London, 3rd.Dec — tell.money, a leading SaaS provider of PSD2-compliant open banking solutions, is thrilled to announce its strategic partnership with Enfuce, a rapidly expanding provider of secure and compliant card issuing platforms. This collaboration marks a significant milestone in the open banking landscape, enabling Enfuce to deliver seamless, PSD2-compliant services that meet the diverse needs of their customer base with agility and efficiency.In an era where the open banking market in the UK alone is projected to reach a revenue of US$ 14,529.6 million (£11,476.384 million) by 2030, with a compound annual growth rate (CAGR) of 26.4% (1), the demand for innovative and compliant solutions is at an all-time high. tell.money’s cutting-edge technology and strong compliance focus have positioned it as the partner of choice for Enfuce, a company renowned for its secure, modular, and cloud-based payment processing capabilities.
Founded in 2016, Enfuce has been a vocal advocate for the “build vs buy” decision, encouraging organisations to evaluate whether it is more strategic to develop technology internally or partner with experts. After an extensive review, Enfuce selected tell.money for its open banking partner, recognising the platform’s advanced technology and the dedicated team behind it as key differentiators. Through tell.money’s SaaS platform, which provides open banking compliance and Confirmation of Payee (CoP) solutions across the UK and EU, Enfuce has fortified its open banking services, ensuring rapid and secure integration for customers and end users.
Enfuce, a female-founded and led company, has consistently demonstrated its commitment to innovation, security, and expertise. As one of Finland’s most valuable scaleups, Enfuce is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud. With a focus on collaboration, Enfuce efficiently provides customers with cutting-edge features, offering in-house experts and white-labelled technology to help companies create scalable payment solutions with ease.
Annina Lehtimäki, Product Manager at Enfuce, comments: “Partnering with tell.money enables us to further strengthen the security, compliance, and scalability of our open banking solutions. With tell.money’s advanced platform, coupled with our secure, modular cloud-based capabilities, we are well equipped to deliver seamless integration and superior customer experience to the evolving needs of our customer base.”
David Monty, CEO of tell.money, is enthusiastic about the partnership saying: “This collaboration allows users to benefit from a transparent, compliant, and seamless experience, helping Enfuce maintain its position as a leader in scalable, secure financial services. We are very excited to be partnering with Enfuce and are proud to help showcase the benefits of partnering rather than attempting to build complex services in-house.”
Tell.money continues to fulfil its mission of simplifying and enhancing PSD2 compliance while enabling innovative and seamless customer experiences. By empowering financial institutions like Enfuce, tell.money is driving the next generation of open banking, transforming financial technology into a force for good.
About tell.money
tell.money is a market leading open ecosystem platform, offering a suite of services that include Dedicated Interface APIs, Confirmation of Payee, and advanced Test & Monitoring systems. With a commitment to promoting seamless integration and regulatory compliance in the open banking ecosystem, tell.money continues to transform financial technology into a force for good. For more on tell.money visit their website at https://www.tell.money/
About Enfuce
Founded in 2016, Enfuce is a female-founded and led company with a unique vision: to bring the brightest minds and the best technology together to break down the barriers to prosperity. As a leading global card issuer and payment processor that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities, Enfuce is one of Finland’s most valuable scaleups, and is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud. By focusing on collaboration, Enfuce is able to efficiently provide customers with cutting edge features – offering in-house experts and white labelled technology to help companies create scalable payment solutions with ease. Enfuce supports debit, credit, prepaid, gift, fleet, and fuel card programmes in any form – for consumer, commercial, and B2B applications. Enfuce’s no-nonsense approach helps customers create bespoke payment solutions that are flexible, scalable, and secure.
Holding an Electronic Money Institution (EMI) licence from the Finnish FSA and from the UK’s Financial Conduct Authority (FCA), enabling operations across Europe and the UK, Enfuce’s PCI-DSS certified platform guarantees 99.999% uptime, global scalability, and card scheme connectivity, supporting various card programmes and integration with digital wallets. Enfuce has raised €68.5 million in funding rounds, showcasing its industry leadership with recognitions like Visa Fintech Fast Track and Mastercard Lighthouse Development Program participation, as well as winning prestigious awards, such as the 2019 PayTech Award for Best Payments Solution, the 2022 FF Award for Mobile Payments, the 2023 FF Award for Authentic ESG, the 2024 UK Fintech Award for Best ESG Campaign, and the 2024 Europe Fintech Awards for Best ESG Campaign and Fintech of the Year. Propelled by the forward-looking vision of its Co-CEOs and Nordic ingenuity, Enfuce is set to expand globally, shaping the future of payment solutions. For more on Enfuce visit their website at https://enfuce.com.
Notes to Editors
For media Enquiries contact:
Media contact:
David Monty, Co-Founder
Tel: 44 (0)20 3143 0207
Email: david@tell.money
Website: https://www.tell.money
tell.money Selected as Open Banking Gateway Provider for Monese, Expanding EU Coverage and Streamlining TPP Integration November 26, 2024
London, UK – tell.money, a leading provider of open banking solutions, today announces its appointment as the official open banking gateway provider for Monese, the award-winning mobile money app. This strategic partnership arrives at a crucial time when embedded finance solutions are experiencing unprecedented growth in the UK and EU markets.
The collaboration marks a significant milestone in tell.money’s mission to simplify open banking integration for Third Party Providers (TPPs) while expanding its European presence. The partnership introduces comprehensive EU coverage for TPPs, alongside enhanced support features including a dedicated sandbox environment for testing and implementation.
tell.money Co-Founder David Monty stated, “We are delighted to announce this choice by Monese to integrate tell.money as its open banking partner. It showcases our desire to enable more TPPs to engage with the fintechs sector. tell.money is now able to support them more rapidly to register as a TPP (Third Party Payment Provider) and allow our mutual clients to have access to account information and payment initiation.”
The partnership introduces several key benefits for TPPs and financial institutions:
Seamless Migration: Existing TPP partners can transition smoothly to the new system with comprehensive support throughout the process
Enhanced Testing Capabilities: Access to tell.money’s sandbox environment enables thorough testing before live implementation
Dedicated Support: Assignment of implementation managers to guide TPPs through the integration process
Extended Geographic Coverage: Full EU market access, complementing existing UK operations • Consolidated Account Management: Enhanced capability for users to view multiple account balances in one interface • Secure Payment Initiation: Streamlined payment processes with robust security protocols
This partnership aligns with current market trends, particularly the FCA’s focus on enhancing open banking frameworks and the industry’s move towards broader open finance initiatives. It addresses growing demand for embedded finance solutions while maintaining strict compliance with PSD2 regulations.
Monese Founder and CEO Norris Koppel said “We’re delighted to partner with tell.money for our open banking services and give our customers control over their finances. This integration ensures we continue providing customers with the ability to link their third party banking applications and manage their money in one place. We’re committed to making financial services simple and accessible for all, and we’re happy that tell.money can support us in delivering this.”
About tell.money
tell.money limited is a pioneering open banking solutions provider, offering innovative API interfaces, Confirmation of Payee services, and comprehensive monitoring tools for financial institutions and TPPs. The company specialises in rapid integration solutions that ensure regulatory compliance while enhancing customer experience. Visit https://www.tell.money for more information.
About Monese
Monese is a popular and trusted financial service across Europe, offering a strong alternative to traditional banks. Their mobile-only money app provides accounts, cards and money transfer services in multiple currencies, and is available in 31 countries across the European Economic Area. Monese helps customers to manage their money with features such as budget tracking, international money transfers, Direct Debits and money Pots. Customers can also receive their salary into their accounts, use their card anywhere in the world and use tools to help build their credit history.
Notes to Editors
Media contacts: For tell.money
David Monty, Co-Founder
Tel: 44 (0)20 3143 0207
Email: david@tell.money
Website: https://www.tell.money
About tell.money
tell.money is a market leading open ecosystem platform, offering a suite of services that include Dedicated Interface APIs, Confirmation of Payee, and advanced Test & Monitoring systems. With a commitment to promoting seamless integration and regulatory compliance in the open banking ecosystem, tell.money continues to transform financial technology into a force for good.
Finseta Enhances Payment Security with Launch of Confirmation of Payee Service Powered by tell.money November 17, 2024
Finseta, a leading international payments and foreign exchange (FX) business, has announced the launch of their new Confirmation of Payee (CoP) service powered by tell.money. This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions.
With the increasing concern over Authorised Push Payment (APP) fraud, which resulted in 252,626 reported cases in 2023, Finseta recognizes the critical importance of providing a solution that safeguards their clients’ financial transactions. CoP offers increased payment security, reduced risk of fraud, and enhanced accuracy by allowing users to verify the payee’s details before completing a transfer.
“We are excited to introduce the Confirmation of Payee service to our clients, as we continue to prioritise their financial security and peace of mind in every transaction,” said James Hickman, CEO at Finseta.
Through a seamless integration with tell.money, Finseta’s clients can now benefit from the robust security features of CoP without the need for additional actions. This service will ensure that payments are directed to the intended recipients promptly and with enhanced security measures.
“We are committed to regulatory compliance and providing our clients with advanced solutions to mitigate the risks associated with online transactions. The launch of the CoP service via tell.money underscores our dedication to ensuring the safety and accuracy of payments made through our platform,” added Hickman.
For more information about the Confirmation of Payee service and how it can benefit clients, please visit Finseta CoP Services at https://finseta.com/confirmation-of-payee/?utm_campaign=Service.
About Finseta
Finseta PLC is a renowned international payments and foreign exchange (FX) business that specialises in simplifying currency and payment challenges for businesses and high-net-worth individuals (HNWIs). With a commitment to providing exceptional service through an innovative online platform, Finseta PLC aims to streamline international payments and currency management for its diverse client base.
About tell.money
tell.money (https://www.tell.money) is a market-leading SaaS platform, enabling account providers to join the ecosystem, meet regulatory obligations, and bring new open banking tools to customers. With a wide product range including Dedicated Interface APIs, Confirmation of Payee, Test & Monitoring, and some exciting money management tools, tell.money is the open banking partner of choice for the banking and fintech industry.
If you have any questions or require further details, do not hesitate to contact Finseta PLC at +44 (0) 203 971 4865 or email info@finseta.com.
Notes to Editors
for media enquiries and interview requests contact:
For tell.money
David Monty, Co-Founder
Tel: 44 (0)20 3143 0207
Email: david@tell.money
For Finseta PLC
James Hickman, CEO
Company Name: Finseta PLC
Phone: +44 (0) 203 971 4865
Email: info@finseta.com
About tell.money
tell.money is a market leading open ecosystem platform, offering a suite of services that include Dedicated Interface APIs, Confirmation of Payee, and advanced Test & Monitoring systems. With a commitment to promoting seamless integration and regulatory compliance in the open banking ecosystem, tell.money continues to transform financial technology into a force for good.
Press Contacts
David Monty
Co-Founder
44 (0)20 3143 0207
david@tell.money
Jade Tan
jade@tell.money
CLOWD9 selects tell.money as Strategic Open Ecosystem Partner for Confirmation of Payee Services for UK and European Markets October 10, 2024
CLOWD9, the world’s pioneering cloud-native issuer processing platform, has announced the selection of tell.money as its strategic Software-as-a-Service (SaaS) partner to revolutionise Confirmation of Payee (CoP) and open banking compliance in the UK and European markets. tell.money offers tailored solutions, including Confirmation of Payee (CoP) as a service and open banking compliance solutions, catering to fintechs, Electronic Money Institutions (EMIs), and banks in the UK and EU. With the looming deadline for Group 2 Payment Service Providers (PSPs) to adhere to CoP regulations set for October 2024, the urgency for compliance solutions is rapidly escalating.
David Monty, founder of tell.money, expressed excitement about the partnership, stating, “We are delighted to be selected as the open ecosystem partner for CLOWD9. It marks the start of a fantastic strategic partnership, and we are proud to see CLOWD9’s acknowledgment of our capabilities and reliability.”
Suresh Vaghjiani, CEO at CLOWD9, reiterated the significance of the collaboration, emphasising, “tell.money’s expertise in CoP aligns with our mission to provide straightforward, scalable payments technology to our clients. Together, we aim to guide fintechs, EMIs, and banks through regulatory complexities.”
Recent data reveals alarming trends in authorised push payment (APP) fraud, with the UK witnessing a surge in reported cases. In 2023, over 116,000 cases were recorded, representing a substantial increase compared to the previous year. Additionally, approximately 207,000 APP fraud cases on personal accounts in 2022 resulted in total losses of £485.2 million.
Confirmation of Payee (CoP) stands as a critical regulatory measure to combat authorised push payment fraud by verifying payee details before processing transactions. Tell.money’s CoP solution, tell.confirm, equips PSPs with a fully managed SaaS offering encompassing implementation, accreditation, testing, monitoring, ongoing support, and reporting to ensure seamless compliance.
About CLOWD9
CLOWD9 Ltd. is the world’s first cloud-native, decentralised payments processing platform. Founded in the UK by payments experts and advised by finance professionals, CLOWD9 processes payments for traditional banks, neo-banks, and fintechs globally. Their scalable platform architecture enables quick establishment in new markets and caters to diverse payment preferences.
Notes to Editors
For media inquiries and interview requests, please contact David Monty, Co-Founder, CEO, tell.money.
