Intergiro and Movitz Launch Advanced Payment Verification to Fight Financial Fraud

As financial fraud reaches alarming levels across Europe—with fraudulent transactions totalling €4.3 billion in 2022 and €2.0 billion in the first half of 2023—businesses face increasingly sophisticated scams involving account-to-account transactions.

In response to these evolving challenges, Intergiro and Movitz have formed a strategic partnership focused on combating financial fraud by building advanced payment verification solutions which financial institutions can leverage to enhance the security of their customers as they make payments online. 

Strategic Collaboration for Fraud Prevention

Intergiro and Movitz will develop advanced account verification tools, for use by a wide range of financial institutions including Intergiro itself. 

Intergiro will integrate these payment verification solutions directly within its digital banking product portfolio, building on its existing partnership with fraud prevention expert SEON, to protect its customers from financial fraud.

Utilising these payment verification solutions, Financial Institutions will be able to provide their customers with the following support: 

• Advanced Fraud Prevention: Real-time verification of beneficiary payment details substantially reduces fraud risk, eliminating manual checks and delays, and giving customers confidence in safe, immediate transactions.
• Global Verification Capability: Movitz deploys comprehensive global verification networks to secure payments worldwide, enabling reliable and trustworthy cross-border transactions.
• Transparent and Intuitive Security Interface: Integrated seamlessly within financial institution’s platforms, customers receive instant feedback on transaction validity, offering clear insights and full control over their financial activities.

Executive Commentary

“Financial security requires staying ahead of evolving threats,” said Ben Taylor, COO at Intergiro. “Our partnership with Movitz equips Financial Institutions and their customers with proactive tooling to counter financial fraud, allowing them to focus on growth with complete transaction confidence.”

Magnus Hedenberg, CEO of Movitz, added: “At Movitz, we are passionate about preventing financial fraud and providing secure payment environments. Our partnership with Intergiro greatly enhances our capability to deliver advanced account verification solutions globally, ensuring customers benefit from secure, seamless and verified transactions.”