Payment Data Management
& Security
Payment and account information is securely collected, validated, encrypted, and stored.
Payment Data Management
A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.
Gain Visibility & Control
The Finexio Portal provides full visibility to track down the path of a payment and ensures that payment data is error-free and reliable for reporting
Reduce Risk
Finexio ensures provided payment information is complete and valid in order to reduce risk and prevent late or dropped payments
Prevent Fraud
Finexio validates billing information, ensures supplier banking data is protected and secured safely, and detects, responds, and eliminates inherent and residual money laundering, terrorist financing, and fraud-related risks
Gain Payment Security
Finexio deploys security systems, processes, controls, and safeguards to ensure the integrity of Finexio's data processing systems
Payments Made Safely & Securely
Bank Account Validation Services
Finexio validates bank account information changes to prevent unauthorized changes to your bank account and to your vendor’s bank account
Know Your Customer (KYC)
Finexio performs KYC to verify the identity of each customer or business, to ensure trust that we are not doing business with bad actors
OFAC Sanctions Screening
Finexio utilizes The Office of Foreign Assets Control (OFAC) programs to be proactive against money laundering, terrorist financing, and other fraud-related risks
AML Compliance Transaction Monitoring
An “Anti-Money Laundering” compliance program that allows Finexio to provide automated, comprehensive, and consistent surveillance of all transactions across our network and to efficiently detect, investigate and report suspicious activity
Payment Data Storage
& Security Protocols
Finexio is committed to keeping your payments secure with bank-level security procedures.
Collected - Finexio reduces human error by taking on collecting sensitive supplier banking information.
Validated - Finexio completes bank account validation, performs Know Your Customer (KYC), conducts OFAC Sanctions screening, and AML Compliance Transaction Monitoring to prevent fraud and reduce risk.
Encrypted - Finexio ensures that sensitive supplier banking data is protected and stored safely
Stored - Finexio hosts, manages, and has database security backups within Amazon Web Services (AWS), and has security measures in place, such as platform security, email security, and database security.
Data Cleaning & Enrichment
Precise payment data for making fast and accurate payments
Payment data is always up-to-date and robust for reporting
Better supplier information to increase payment conversion
Finexio Supplier Verification
Finexio follows documented policies and procedures for supplier verification to keep our customers and partners secure.
Finexio verifies bank account changes against industry-leading tools to mitigate fraud risk
Finexio screens suppliers against OFAC and other high-risk lists to ensure compliance with regulatory requirements
Transaction monitoring capabilities provide immediate notification of high-risk payments
“We chose Finexio not just for the revenue share, but for the ease of making payments and the security of those payments.”
-Stephen Krieger, CFO at ViCon Construction, LLC
