Fraud never sleeps—and is evolving at an unprecedented pace. For companies operating in the high-stakes world of B2B payments, staying ahead means constant innovation.
While much of the focus is often spent on creating better workflows and executing daily tasks, the real breakthroughs are happening behind the scenes, in the R&D team, where new technologies are being developed to detect, prevent, and outsmart evolving fraud tactics—all while trying to keep operations efficient.
The challenge is no longer just about stopping fraud—it’s about how to do so in a way that allows corporations and banks to maintain trust without slowing down transaction processing.
Q. We hear more finance and payment professionals discussing the need to validate bank accounts using technology. Why is complete end-to-end B2B payment fraud prevention needed?
A. We’re all focused on validating bank accounts—it’s a fundamental step in preventing fraud. Whether onboarding a new vendor or updating details for an existing one, companies need to ensure they’re sending funds to the right place. Banks want to be able to validate accounts for their corporate clients as well. At nsKnox, we make that possible globally, providing a clear “yes” or “no” answer.
But is that enough?
We’ve seen organizations validate account details correctly, only to have those records tampered with later inside their ERP systems. Even with the right data on file, an unauthorized change can redirect funds without detection.
That’s why fraud prevention needs to cover the entire payment process—not just one step. End-to-end protection is no longer a nice-to-have. It’s the only way to stay ahead of today’s evolving threats.
In banks, we provide technology that ensures that every beneficiary paid by the bank is legitimate, authorized by the corporate client, and the verified owner of the account. This requires more than just validating an account.
Q. What strategies does your R&D team use to stay one step ahead of increasingly sophisticated fraud tactics in a constantly shifting threat landscape?
A. The very nature of our technology and the architecture it was built around “dictates” that we are always putting a strong emphasis on the robustness of our solution, making it rigid when it comes to getting that “yes” or “no” answer to our customers. This allows us to stay one step ahead and ensure that fraudulent attempts are stopped on time. I’ll give you an example – Deepfake AI and its associated stories keep Treasurers awake at night and for a good reason… No one wants to make a callback to their alleged vendor or make a payment according to instructions they get from their boss only to find out they were speaking to a fraudster mimicking the voice of the person they were supposed to talk to.
When we validate an account using actual data from the banking system, we eliminate the chance deepfake AI will dupe our customers.
Our patented Cooperative Cyber Security™ (CCS™) framework powers all our solutions. nsKnox’s roots are deep in cybersecurity—our founding and R&D teams come from that world—so from day one, it was clear that protecting sensitive data like bank account details had to meet the highest possible standards.
CCS™ delivers that protection by breaking sensitive data into multiple encrypted “shreds” and distributing them across different systems. That means no single system holds enough information to expose or manipulate the data. Even if one system is compromised, the information is useless without the rest. This architecture not only prevents data tampering, but it detects and flags any attempt to manipulate information in real time.
Our R&D team continues to refine and evolve these technologies based on real-world fraud scenarios, emerging threat patterns, and close collaboration with our customers. It’s not just about building strong defenses—it’s about making fraud prevention smarter, more resilient, and involving as little friction as possible.
Q. What emerging trends in the B2B payments fraud space are you watching closely, and how is your team preparing for them?
A. There’s no doubt that the B2B payments fraud space is getting the focus of attention from fraudsters and sophisticated cybercriminals. The advancement of AI creates “opportunities” for fraudsters to exploit vulnerabilities in the payment systems. When we recently asked corporate finance executives and banks professionals which type of B2B fraud is a significant concern to them, 73% answered that it is Business Email Compromise (BEC). We see that despite being an older threat, BEC continues to evolve, as fraudsters are now using AI-generated emails that mimic legitimate communication even more convincingly, which can easily lead to payment fraud.
Deepfake AI is probably the most worrisome advancement in B2B payment fraud, as it becomes easier to impersonate executives or key decision makers and use it to divert funds to fake accounts. Using AI, fraudsters will create entirely new identities using a combination of real and fake information, which makes detection difficult. This is called – Synthetic Identity Fraud.
We look at AI and machine learning as important tools in our ecosystem that can greatly help in detecting patterns and shortening processes, but they’re always part of a broader, layered approach where data integrity, verifiable authentication, and tamperproof controls come first.
Another important trend, that nsKnox is leading, is looking at B2B payment fraud in a holistic approach, which looks at outgoing and incoming payments and the connection between corporations and banks, as the key to solving the global payment fraud problem. When we recently asked corporate finance executives and banks professionals
Q. How does your R&D team collaborate with other departments (mainly sales and customer success) to ensure your solutions align with customer needs?
A. Cross-functional collaboration is a core part of how our R&D team operates. While we’re focused on building secure, scalable solutions, we rely heavily on input from teams closer to the customer—like Sales, Customer Success, and Product Management—to ensure that what we build truly addresses real-world needs.
For example, our Customer Success team regularly brings us insights from support cases or onboarding feedback, helping us identify patterns or pain points that might not appear in the data alone. Similarly, Sales shares what prospects are asking for in the field —whether it’s specific integration needs, regional requirements, or new fraud scenarios we should consider.
We use these inputs, along with inputs received from our Product team, as valuable data points that directly inform our research and development priorities. They keep us aligned with customer experiences while enabling us to drive innovation in ways that are both strategic and quickly impactful.
Q. What’s your unique edge – What sets our company’s fraud prevention technology apart from competitors?
A.
There are two key elements that set nsKnox apart in the B2B payment fraud prevention space.
First, is our ability to validate any account anywhere in the world. We have our own database that is growing all the time and can provide an immediate answer, in most cases. Other times, we have partnerships with banks, payment rails and systems that can provide us with the validation data if it is not found in our existing database.
Additionally, we can validate any account using data extracted from the bank by using our own technology and methodology. This is unique to nsKnox and enables us to truly declare that we can validate any account, anywhere.
Second, we bring a holistic approach to the market. We’ve developed tailored solutions that serve both sides of the equation—banks and corporations. For banks, we offer tools that help protect their corporate clients. For enterprises, we provide technologies that secure their financial operations end to end. Our expertise on both sides allows us to bridge the gap, innovate more effectively, and help reshape the B2B payments landscape.
Finally, I believe that having a talented team of dedicated software engineers, who all believe in the same goal, helps us in providing an edge to our customers and company.
Q. What emerging trends in the B2B payments fraud space are you watching closely, and how is your team preparing for them?
A. There’s no doubt that the B2B payments fraud space is getting the focus of attention
from fraudsters and sophisticated cybercriminals. The advancement of AI creates
“opportunities” for fraudsters to exploit vulnerabilities in the payment systems. When we recently asked corporate finance executives and banks professionals which type of B2B fraud is a significant concern to them, 73% answered that it is Business Email Compromise (BEC). We see that despite being an older threat, BEC continues to evolve, as fraudsters are now using AI-generated emails that mimic legitimate communication even more convincingly, which can easily lead to payment fraud.
Deepfake AI is probably the most worrisome advancement in B2B payment fraud, as it becomes easier to impersonate executives or key decision makers and use it to divert funds to fake accounts. Using AI, fraudsters will create entirely new identities using a combination of real and fake information, which makes detection difficult. This is called – Synthetic Identity Fraud.
We look at AI and machine learning as important tools in our ecosystem that can greatly help in detecting patterns and shortening processes, but they’re always part of a broader, layered approach where data integrity, verifiable authentication, and tamperproof controls come first.
Another important trend, that nsKnox is leading, is looking at B2B payment fraud in a holistic approach, which looks at outgoing and incoming payments and the connection between corporations and banks, as the key to solving the global payment fraud problem.
Q. Looking ahead, how do you see payment fraud prevention evolving – and what innovations are you excited about?
A. Payment fraud prevention is becoming increasingly integrated, intelligent, and holistic. The days of relying on manual checks, static controls, or narrow fraud detection are fading. As fraud tactics become more sophisticated, prevention must move earlier in the process and become embedded into how organizations manage payments.
Also, we expect greater collaboration between corporates and banks in the fight against fraud. That is why we invest in developing solutions tailored to each side of the equation, as we believe they are tied together. Bridging both ecosystems will play a significant role in reshaping the way B2B payments are secured.
The rapid development of AI can also contribute to payment fraud prevention, if done right and not dependent upon. I am excited over the opportunities this technology will bring. The future of payment fraud prevention isn’t just about blocking attacks—it’s about creating a smarter, safer infrastructure that eliminates opportunities for fraud before they arise.
“Fraud never stops evolving, and neither does innovation at nsKnox. In the R&D team, we’re developing advanced technologies to detect and prevent B2B payment fraud, all while keeping trust and efficiency intact. Our goal is simple: stay ahead of the most sophisticated threats, so businesses and banks can transact securely.”
– Tomer Brook, VP of R&D, nsKnox
