Overcoming Challenges in International Account Validation
Validating account information prior to payment initiation is a major pain point for financial institutions conducting international transactions on behalf of clients. Wire payments are only as safe and secure as the authentication of the recipient’s account. In this session, speakers discuss how new fraud mitigation tools have been developed to address this critical need, highlighting lessons for successful domestic account validation solutions. Attendees discover how blockchain technology has enabled the advent of a universal, automated global account validation solution and how financial institutions can leverage such solutions to unlock the latent potential of their data, opening up an invaluable new revenue stream.