Bank Account Certificates
the only fraud-proof approach to validating and sharing bank account details
It’s time to accelerate the anti-fraud evolution
Outdated, manual processes for validating and sharing bank account details are at the heart of cyberfraud manipulations. That’s because these processes are very vulnerable, leaving both the paying entity and receiving organization exposed to cybercrime.
Emails are easily manipulated
by fraudsters who hack into email servers and use social engineering to mislead AP staff
PDFs and Word documents can be easily edited
by a variety of readily available text and image editing software
Phone calls are highly vulnerable
to social engineering attacks using deep-fake technologies, among others
Go fraud-proof with Bank Account Certificates
Payees
provide customers & partners with the Bank Account Certificate as the only secured means for verifying bank details before making payments
Paying entities
request a Bank Account Certificate from vendors & business partners during onboarding and prior to making changes to account details on record, for easy & secure verification
How it works
nsKnox verifies
the accuracy and authenticity of bank account details and ownership with a cyber-proof, technology-driven process before these details are entered into the nsKnox global data repository where they are stored, assuring the integrity of every certificate.
The Bank Account Certificate is issued
and encrypted using an advanced cryptography; and is also signed to ensure non-repudiation. The Certificate can then be verified through the nsKnox portal by any paying entity to assure account detail accuracy and authenticity before transferring a payment.
Alerts are sent
when the wrong details are used for verifying the bank account.
The benefits of next generation account validation
Financial loss prevented
by protecting incoming and outgoing payments, wiring instructions, and cashflow
Securing company reputation
by implementing a robust, technology-driven anti-fraud process
Protection of both paying and receiving entities
against social engineering and business email compromise attacks
Optimized collections
by eliminating reliance on error-prone manual processes
Trusted by leading global brands
Let’s talk to see if our solution meets your needs
It’s powerful and easy,
with no effort from IT and no changes to current processes are required.
nsKnox is a fintech-security company, enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. Founded and led by Alon Cohen, Founder & former CEO of CyberArk (NASDAQ: CYBR), nsKnox solutions help organizations avoid significant financial losses, heavy fines, and reputational damage.
Leveraging its patented Cooperative Cyber Security™ (CCS) and groundbreaking Bank Account Certificate™ technology, nsKnox’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC), insider-fraud and other Advanced Persistent Fraud attacks.