Trustpair Company Market Research Report

Company Overview

Name: Trustpair

Mission of the Company: Trustpair aims to tackle vendor fraud by pioneering a new era of financial security, empowering businesses to seize opportunities while safeguarding against threats. Their mission emphasizes redefining vendor fraud prevention to empower businesses to thrive securely in the digital age.

Founded: Trustpair was founded in 2017.

Founders: Baptiste Collot, Alexandre Gillier, and Simon Elcham.

Key People:

• Baptiste Collot, Co-founder and CEO

Headquarters: Trustpair is headquartered at 3, World Trade Center, 175 Greenwich St, New York, NY 10007, USA.

Number of Employees: Trustpair comprises a diverse team of over 100 skilled individuals.

Revenue: No information is available.

Known For: Trustpair is known for its robust fraud prevention solutions, which secure the entire vendor lifecycle from onboarding to payment campaigns. It is a leader in combating vendor fraud with innovative technologies and a secure global account validation platform.

Products

Product Overview:
Trustpair offers a range of products and solutions designed to prevent vendor fraud and secure financial operations within businesses.

Products Offered:
1. Vendor Onboarding:

• High-Level Description: Automates and implements international controls when adding or editing a vendor in the database.

• Key Features: Secure and instantaneous execution to ensure data integrity and fraud prevention.

2. Vendor Database Monitoring:

• High-Level Description: Provides continuous monitoring of the vendor database, ensuring operational excellence by keeping data up-to-date.

• Key Features: Smart-data enrichments, regular updates, and collaborative features to ensure data accuracy.

3. Payments Security:

• High-Level Description: Secures payment transactions with verified data to prevent unauthorized transactions.

• Key Features: Payment file analysis, alerts for suspicious behaviors, and native embedment with Treasury Management Systems.

Integration Ecosystem: Trustpair integrates with existing P2P tools such as SAP, SAP Ariba, Kyriba, Jaggaer, Coupa, and Ivalua, enhancing its functionality and ease of use.

Recent Developments

Recent Developments:

• Trustpair joined forces with J.P. Morgan to offer a global bank account validation service.

• Expanded its fraud prevention capabilities by tackling new threats such as BEC (Business Email Compromise) and wire transfer fraud.

New Products Launched: No specific new products mentioned.

New Features Added to Existing Products: No detailed information on new features added to existing products.

Partnerships: A notable partnership was formed with J.P. Morgan, reflecting a strategic collaboration to enhance global bank account validation services.

Conclusion

Trustpair is a prominent figure in the realm of fraud prevention, noted for its cutting-edge solutions in vendor fraud prevention and financial security. The company has made significant strides in ensuring that businesses can operate secure financial transactions with peace of mind, leveraging technology to remain at the forefront of vendor fraud detection and prevention.