Sis ID strengthens its services in the fight against financial fraud and secures its clients’ payments in Italy in partnership with BNL BNP Paribas

Through this collaboration, Sis ID customers can now access all Italian banks in the CBI Globe network. For its part, BNL relies on Sis ID to offer its customers the possibility of securing their payments in real time in Italy and abroad

Paris, May xx, 2023 – Sis ID, a fintech specialized in the fight against bank transfer fraud, has partnered with BNL, part of BNP Paribas Group, to strengthen its services in the fight against financial fraud also in Italy, by leveraging the CBI Globe network, and thus protect its customers from the risks of bank identity thefts or errors. Thanks to CBI Globe’s Confirmation of Payee service, Sis ID now has access to more than 80% of the financial institutions in Italy, to offer an ever more efficient service in Europe and internationally.

Fighting bank fraud: a European challenge

Today more than ever, the fight against the various types of banking frauds remains a major issue for companies of all sizes and in all sectors and has also become a priority for banks and the European Payment Council.

This checking service allows to validate the correct correspondence of bank details with the account holder. The objective: to guarantee customers and banks, in a commercial relationship, that they will engage with the right entity or the right person.

In this context, Sis ID and BNL BNP Paribas have decided to join forces to guarantee their customers a higher level of security for their commercial exchanges between France and Italy. A commercial and technological partnership that reinforces the privileged relationship between Sis ID and BNP Paribas.

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A collaborative solution to secure trade relations in Europe

Thanks to BNL BNP Paribas, Sis ID clients have now access from the Sis ID platform to the CBI Globe network, a “collaborative Open Finance platform”, which offers a reliable and secure service for bank identity verification in Italy, ensuring that the IBAN is correctly associated with the TaxID, or VAT of a legal entity.

Among its major advantages:

  • A single, reliable, and collaborative data source

  • A guarantee of enhanced security for commercial exchanges in Europe

  • A solution that is both innovative and easy to use.

With this partnership, Sis ID wishes to continue the development of its offer in Europe and beyond, to secure its customers’ commercial exchanges from end to end, with a clear objective: to go even further in the fight against fraud.

“Since the creation of Sis ID in 2016, we have been moving forward hand in hand with BNP Paribas, our trusted partner who has accompanied us through each of our major developments. As part of our development and strengthening of our services in Europe, it was therefore only natural to partner with BNL, part of BNP Paribas Group, to give our clients access to the CBI Globe network. In association with our collaborative DNA, this solution will thus offer companies a much more efficient weapon in the fight against bank fraud, an increasing phenomenon also in Italy”, explains Laurent Sarrat, CEO and co-founder of Sis ID.

Maria Elena Gasparroni, Head of BNL BNP Paribas Corporate Banking Area: «We are proud to be the bank in Italy that collaborates with Sis ID, a leading international player on security in transactions. This initiative is a further confirmation of our attention in the prevention and fight against cyber fraud, through the promotion of virtuous behavior of our customers and careful and aware use of banking services on digital channels, in cooperation with other banking operators and institutions, in a system perspective”.

About Sis ID

Conceived and created in 2016 by 13 CFOs and treasurers from the CAC 40, Sis ID markets the first digital and collaborative solution to fight bank transfer fraud. With its software solution and the power of its community of more than 38,000 companies that benefit from its services, Sis ID reverses the balance of power with fraudsters. By decompartmentalizing the information useful in the fight against fraud, Sis ID federates the actors to mutualize the detection of malicious acts. Together, we are stronger!

Sis ID detects risky payment transactions and fraud attempts by comparing each transaction reported in its solution (SaaS or integrated by API to business applications) with the supplier activity logs of companies that are members of its community. The platform already has the capacity to monitor suppliers in more than 30 countries and continues its rapid international deployment.

The power of collective intelligence is the strength of the Sis ID network!

Sis ID addresses all sectors and all types of customers.

To find out more about Sis ID:

About BNL

BNL BNP Paribas, with 110 years of activity, is one of the main Italian banking groups, present throughout the Country. It offers a wide range of products and services to meet the multiple needs of its customers (individuals, business, and the Public Administration). It is part of BNP Paribas Group since 2006, present in 64 countries, with more than 184,000 collaborators, 145,000 of which in Europe, where it operates in four domestic markets: Belgium, France, Italy, and Luxembourg. BNP Paribas holds key positions in its major business sectors: “Commercial, Personal Banking & Services”; “Investment & Protection Services” and “Corporate & Institutional Banking”. BNL BNP Paribas is particularly committed – like the entire Group – to economic, social, and environmental sustainability; a #PositiveBanking strategy that summarizes the Bank’s ambition to generate, through its business, a positive impact on customers, collaborators, and the entire community, contributing to a more sustainable future.

Stronger together

Press contact – Kalamari

Lucille Lavigne – +33 6 98 62 07 92

Mélina Dahmane – +33 6 58 94 47 82

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