The firm also signed on Alain Raes, payments expert and former Swift chief business development officer, as its chief commercial officer.
IPiD’s solutions simplify cross-border payments, reduce failed payments, and prevent fraud through its global bank account validation and proxy addressing service.
While iPiD currently is currently in eight countries, it said in a statement that more than 20 financial institutions across 15 countries intend to use its solutions and have extended their expertise to help iPiD develop its offerings.
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These institutions include Indonesia’s Bank Sahabat Sampoerna, Malaysia’s CIMB, and the Exchange Bank of Canada, among others.