Kyriba provides its customers with SIS ID’s fraud risk management application
Sis ID is the first fintech to launch its application as part of Kyriba’s open-API project
Paris, 9 of December 2021 – Kyriba, one of the global leaders in cloud IT and financial solutions and Sis ID, a French fintech that helps businesses fight against fraudulent wire transfers, announce the provision of Sis ID’s fraud risk management application on the Kyriba platform.
Existing Kyriba platform customers will now have access to the Sis ID application without the need for more coding, thanks to an integration made by open-API. They will have access to all the features of the application that will enable them to secure their payments at each step of the Purchase-to-Pay processes, using the application developed by Sis ID to control the match between companies and banking address. As part of this partnership, the generation of payment files checked by the Sis Inside add-on will be performed from the Kyriba platform. This will make it possible to comply with each customer’s payment standards.
According to Guillaume Metman, VP Product, Payments, Kyriba, “Payment security is a major challenge for businesses, especially since the Covid-19 pandemic. Sis ID has been able to demonstrate that its offerings are complementary to Kyriba’s own activities in cash management and in particular risk hedging. We are very happy with this partnership. It complements our fraud detection offerings to help our clients secure their payments. ”
According to Laurent Sarrat, CEO, Sis ID, “We are satisfied with this partnership with Kyriba. It enables us to be visible in Kyriba’s global ecosystem and enables their business customers to benefit from our security skills, without the need for specific coding.”
Roquette Group Success Story
Roquette uses Kyriba as Treasury Management System and Sis ID over its entire Purchase-to-Pay workflow from the creation of a vendor file to payment. The company, which specializes in plant-based ingredients and is a pioneer in the search for new plant proteins, was looking for a solution to enhance the security of its payments in a global market affected by ever-increasing and ever-sophisticated fraud attempts.
Roquette uses the various control features developed as part of the partnership between Kyriba and Sis ID. They allow to validate the company identifier / bank details couple, and complete Roquette’s security process.
According to Céline Baudry, Head of Treasury Systems & Processes and Treasury Internal Control, Roquette, «This initiative allows us to directly access the functionalities of Sis ID in the Kyriba platform without any specific development. These controls are part of our global approach to secure payments, reinforce it and participate to fight the risks related to fraud and cybercrime «.
It is the first signing since the roll-out of Kyriba’s Open API in September 2021. The aim of the Open API platform is to speed up innovation in financial management applications and provide Kyriba Customers with technical solutions that can be used as built-in components.
According to Félix Grévy, VP Product, Open API and Connectivity, Kyriba, “This first signing, achieved one month after the launch of the platform solidify our open innovation approach. We are confident in its future and we urge all the start-ups wishing to do so, to log onto our development portal to assess whether they are complementary with Kyriba’s offerings.”
Kyriba’s Developer Portal may be found at the following address: https://developer.kyriba.com/
About Sis ID – Sis ID is a French fintech created in 2016. It helps businesses combat wire transfer fraud. The My Sis ID collaborative platform was conceived and created by treasury managers and CFOs of CAC 40 companies and allows businesses to share:
• the challenges of the digitalization of the finance function
• their experiences and expertise in the area of fraud
• their transactional information
And this in a single, secured, and centralized standard to protect their bank transactions.
For more information: www.sis-id.com
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform how they optimize financial technology solutions, de-risk ERP cloud migration, and activate liquidity as a dynamic, real-time vehicle for growth and value creation. With 2,000 clients worldwide, including 25 percent of Fortune 500 and Eurostoxx 50 companies, Kyriba’s pioneering Connectivity as a Service platform integrates internal applications for treasury, risk, payments and working capital with vital external sources such as banks, ERPs, trading platforms, and market data providers. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce operational costs. Kyriba is headquartered in San Diego, with global offices in the Americas, Europe, Asia Pacific, and other major locations.
For more information, visit www.kyriba.com
Media Contact – Kyriba / Allison+Partners
- Caroline Peyrat, [email protected], +33 6 33 37 29 20
- Yann Le Flohic, [email protected], + 33 6 81 24 32 51
- Laurent Hess, [email protected], +33 6 43 44 16 43
Media Contacts – Media Sis ID