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Banqup Group and iPiD Join Forces to Strengthen Payment Security and Tackle Invoice Fraud
Banqup Group, the company behind the trusted digital platform Banqup, has announced a partnership with iPiD, a global leader in payee verification technology. The Banqup iPiD partnership enhances Banqup’s ability to protect businesses against invoice fraud while ensuring compliance with the growing wave of Verification of Payee (VoP) regulations across Europe and beyond.
At the heart of the collaboration is the integration of iPiD’s Know Your Payee (KYP) technology into the Banqup platform, which is already known for combining e-invoicing and payments in a single, secure, and compliant environment. This move directly addresses one of the most common forms of business fraud—manipulated or spoofed payment instructions in digital invoices.
“At Banqup, we’ve built our platform to connect documents and payments in a way that’s seamless, compliant, and secure,” said Arthur Paijens, responsible for Banqup SA, the payment institution part of Banqup Group. “Partnering with iPiD allows us to take an even more proactive stance against fraud—verifying the payee before a payment is made and giving our users peace of mind.”
The solution is powered by the iPiD Node, a future-proof service that validates payee account information in real time. By doing so, it ensures that payments go to the intended recipient, reducing the risk of misdirected funds and aligning with evolving VoP legislation across markets.
Damien Dugauquier, Co-founder and CEO at iPiD, added: “Our mission is to bring global KYP capabilities to businesses of all sizes. Working with Banqup Group enables us to deliver on that promise for Europe’s SMEs, helping them protect their cash flow and transact with confidence.”
The Banqup iPiD partnership showcases how fintechs are joining forces to strengthen trust, improve data protection, and secure business payments. For Banqup users, the integration of iPiD’s verification layer is seamless—enabling every payment to benefit from the additional protection without disrupting user experience. It’s a powerful combination: document-driven processes, embedded payments, and intelligent payee verification.
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Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
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Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure
At Mobile World Congress (MWC) 2026, Tencent Cloud, the cloud business of global technology company Tencent, announced a collaboration with iyzico, a leading Turkish fintech company, to support iyzico’s European expansion and the launch of its first cloud-based production platform in the region. Built on Tencent Cloud’s IaaS infrastructure, the deployment reflects its growing role in supporting regulated financial institutions across Europe’s fintech ecosystem.
GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets
With a vision to develop India-built data and AI platforms for global deployment, GTT Data Solutions Ltd (“GTT”), a BSE-listed global data engineering and AI platform company, has integrated Insurants AI Limited, a specialist in insurance data intelligence, analytics, and harmonisation that focuses on enabling intelligent data management, automation, and decision intelligence for enterprises across insurance, banking, and other highly regulated sectors. This move strengthens GTT’s insurance technology capabilities across the U.S., UK, Europe, India, and APAC, positioning the company as a provider of next-generation insurance data and intelligence solutions.
The Paytech Magazine Issue #18
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
Napier AI, a global leader in AI-powered financial crime compliance solutions, announces its latest AI innovations are available in product Insights AI, a new capability within their Transaction Monitoring solution designed to close critical gaps in anti-money laundering (AML) investigations. This follows extensive testing in the Financial Conduct Authority (FCA) Supercharged Sandbox.
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