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FxPro Selects tell.money for CoP to Combat App Fraud and Enhance Security
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.
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