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Tempo France Partners with Sift to Fight Fraud and Streamline the Customer Experience
Tempo France, a Paris-based international money transfer company, announced today that it has partnered with Sift, the leader in Digital Trust & Safety, to prevent fraudulent payments on the Tempo money transfer app. By using Sift’s Payment Protection solution, Tempo is able to stop fraudulent payments before they happen while ensuring that legitimate customers can transfer funds without adding friction to the user experience.
As part of Sift’s Digital Trust & Safety platform, Payment Protection leverages Sift’s powerful machine learning capabilities along with data from its global network of one trillion (1T) signals to proactively identify and block fraudulent transactions before they are completed.
Since launching with Sift in December 2022, Tempo France has been able to significantly decrease payment fraud on the Tempo money transfer app. Using Workflows, Sift’s patented tool for building and managing fraud logic and applying Dynamic Friction across the user experience, Tempo’s team has automated fraud operations and significantly reduced time spent on manual review.
“We are committed to using Sift’s state-of-the-art technology to improve the efficiency and security of money transfers. The company has actively been implementing the latest solutions of our partner, Armenotech, which is based on the Stellar blockchain platform,” says Alla Zhedik, CEO of Tempo France.
“It is also very important that we have a license issued by the Bank of France. This imposes very strict obligations. And that is where payment protection plays a key role and is also why the joint project with Sift is strategically important for us.”
“By working with Sift, Tempo France has made a clear commitment to both protect its customers from fraud and make it easier to make remittances,” said Tonia Luykx, Sift VP of Global Sales. “We’re proud of the work we’ve done together and look forward to helping Tempo France expand to new markets and geographies.”
About Tempo
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