Standardise verification steps
Apply defined checks consistently to supported transactions.
Payment Security & Vendor Verification
Add consistent checks before high-risk payment changes.
Support vendor verification and payment-review workflows with change detection, permitted third-party checks and clear escalation rules. The application helps reviewers identify unusual changes; it does not guarantee prevention of fraud or sanctions breaches.
Potential business benefits
Surface changed vendor details
Highlight bank-account or beneficiary changes for additional confirmation.
Make risk reviews auditable
Show which checks ran and why a case was flagged.
Illustrative impact - example only
Standardise verification steps
- Records requiring review
- 4,000
- Records that qualify for automated preliminary checks
- 60%
Illustrative calculation 4,000 x 60% = 2,400
In this hypothetical example, 2,400 records could receive preliminary checks. Human sign-off and downstream screening remain governed separately.
Illustrative scenario, not a measured client result or guarantee. Actual outcomes depend on scope, data, controls and adoption.
What we would measure
Surface changed vendor details
- Changes detected
- Changes independently verified
- Changes escalated
Measurement approach only - not a measured client result or guarantee. Measures and baseline are agreed with you during discovery.
What we would measure
Make risk reviews auditable
- Review time
- False positives and unresolved cases
- Coverage of checks - never 'fraud prevented' as a guaranteed outcome
Measurement approach only - not a measured client result or guarantee. Measures and baseline are agreed with you during discovery.
Typical applications
- Alert on vendor bank-detail changes
- Run permitted registry checks
- Screen against approved sanctions sources
- Validate payments against policy
- Manage high-risk payment review queues
Potential extensions, scoped separately
- Risk indicators per vendor and per payment
- Banking-platform integration, subject to scope
How it works
-
Receive event
A vendor change or payment enters the workflow.
-
Check sources and rules
Run authorised checks against agreed rules.
-
Assign review status
Record the outcome and the reasons.
-
Hold, approve or escalate
Act through existing payment controls.
Designed to work within your controls
Integration & permissions
Screening-data coverage varies by jurisdiction and provider; access follows existing controls.
No automatic release
No payment is released automatically on an unverified match; segregation of duties is retained.
Monitoring & handover
Approval chains and a full audit trail of checks and decisions.
Strengthen your payment-control workflow.
Start with one vendor-change or release process. In a 30-minute discussion we look at how it could work in your environment.
