Cyprus based Retail FX and CFDs broker FxPro has announced a new partnership with London based tell.money, to implement tell.money’s Confirmation of Payee (CoP) technology. This integration enhances security for BnkPro, the innovative Electronic Money Institution (EMI) under FxPro Group Ltd, and provides their clients with greater protection against app fraud and unauthorised transactions.
With the rise of app-based fraud, the parties said that ensuring robust protection for financial transactions will continue to be critical in the new year of 2025 and going forward. The CoP feature validates the recipient’s account details during payments, reducing the risk of misdirected transactions and fraudulent activities. By leveraging tell.money’s CoP expertise, FxPro offers its BnkPro clients a stronger layer of security, ensuring peace of mind for their financial operations.
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