Sis ID Expands Its Anti-Fraud Solution With Coverage Across 211 Countries

Building on its strategic merger with Eftsure, the Australian leader in payment fraud prevention, Sis ID – a global expert in combating financial fraud – is pressing ahead with international expansion by extending its geographic coverage to more than 200 countries worldwide.

Responding to the surge in cyber threats

This alliance comes at a time when financial fraud has reached an unprecedented industrial scale. Globally, it is estimated to have cost around $485 billion in 2023, according to a Nasdaq study – a stark illustration of the problem’s magnitude.

In France, while the cost of fraud began to fall in the first half of 2024, to €179 million according to the Banque de France, businesses continue to face increasingly sophisticated threats. The rise of generative artificial intelligence enables cybercriminals to create almost undetectable forged documents and highly convincing deepfakes.

This industrialisation of fraud particularly affects regions that are historically difficult to access or where corruption risk is high, and where traditional control mechanisms are weak or non-existent.

Technology-driven innovation for security

By combining its technological expertise and the strength of its user community with that of Eftsure, Sis ID now offers clients a global protection solution that radically reshapes the approach to securing international payments.

• Near-universal coverage: With 211 territories covered, Sis ID now enables its clients to verify the vast majority of their third parties, including in historically hard-to-reach regions. This extended coverage removes geographic blind spots that previously left multinationals exposed.

• Enhanced automation: The integration of 16 additional local banking databases makes it possible to deliver more rapid and reliable automated results. These databases enable real-time verification that bank account details truly belong to the company being checked, significantly reducing delays and uncertainty.

• Human expertise: In the most complex environments, Sis ID’s accredited analysts step in to carry out manual checks in regions marked by high corruption or unreliable local data. This hybrid approach ensures optimal security even in the riskiest settings.

• Financial protection: In partnership with Allianz Trade, Sis ID guarantees its clients coverage of up to €700,000 per transaction, including in regions where cyber, fraud and corruption risks are deemed high by international authorities. In Africa, for instance, where anti-fraud insurance is costly, Sis ID clients benefit from integrated coverage while reducing protection costs.

“As economic sanctions reshape financial networks and geopolitical fragmentation accelerates, companies can no longer rely on partial solutions. With US restrictions indirectly affecting trade and AI-driven fraud scaling up, we face a convergence of risks like never before. Our clients now need a global, robust solution that offers both strategic autonomy and maximum protection. That’s exactly what we’re delivering with our platform,” explains Laurent Sarrat, Chief of Strategy and founder of Sis ID.