Cooperation starts with a ground-breaking payment fraud prevention software solution for corporate customers
Deutsche Bank and Treasury Intelligence Solutions (TIS) announced that they are entering a strategic partnership to develop and distribute multi-bank services for Treasury & Finance.
Deutsche Bank and TIS join forces to develop and offer multi-bank services
- The focus of the cooperation is on new and innovative products & services combining the complementary capabilities and skills of an experienced payment platform provider with the expertise of a global corporate bank.
- The first area of cooperation is an innovative payment fraud prevention solution combining the excellence of TIS’ cloud platform with the long-established expertise of Deutsche Bank in fraud prevention.
- Payment fraud is a major issue for CFOs and finance departments. Both parties see increasing demand from clients for effective solutions that are easy to use and can be deployed rapidly.
- The software service will extend beyond the payment data of individual customers, leveraging the knowledge of all corporates using
- the service, while the shared data remains anonymized. The solution will help improve the detection of potential fraud before the payment instruction even leaves a client’s system. Working closely with customers to better understand their challenges and pain points, the new service represents true co-creation.
“Establishing client solutions that are beyond traditional financial services by leveraging Deutsche Bank’s expertise in global payment markets is a key focus area for us. Partnering with TIS and combining our strengths with an established provider of technology-enabled treasury services will provide our clients with a state-of-the-art, multi-bank-enabled risk management tool to mitigate an ever increasing fraud risk”, said Ole Matthiessen, Global Head of Cash Management at Deutsche Bank.
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“Harnessing both company and community data to solve key challenges, such as fraud prevention, together with Deutsche Bank is a big win for our customers,” says Erol Bozak, co-founder and Chief Product Officer of TIS. “TIS is excited to team up with a global powerhouse in transaction banking to develop multi-bank payment solutions,” added Joerg Wiemer, co-founder and Chief Strategy Officer of TIS.
