Supplier Bank Account Verification
Purpose
Finexio introduced a new supplier verification service that checks sanctions lists, validates tax identification, and verifies bank account ownership before banking details are applied. Integration partners can retrieve a supplier’s verification status and history through the API.
Benefit
Stronger protection against payment fraud and misdirected payments, with clear visibility into each supplier’s verification status.
Partner Control over Bank Account Changes
Purpose
A new partner setting allows bank account updates to be made only through the partner’s own verified process, blocking direct changes elsewhere.
Benefit
Partners who manage supplier banking themselves keep a single, controlled source of truth.
We are thankful for your feedback and value our partners’ insights as we continue to improve our platform. If you have any questions about these releases, please reach out to Finexio Support or your partner success manager.