The IBAN, or International Bank Account Number, has become a central element in financial transactions, particularly in the context of SEPA transfers. Its role: to precisely identify a bank account in the international network. However, this identifier, however structured, can become a gateway for fraud.
According to the annual report of the Observatory for the Security of Payment Methods (OSMP), published in September 2024, bank transfer fraud represented €312 million in 2023. Nearly half of this fraud (48%) is "fake IBAN scams," whether involving bank account substitutions during exchanges, manipulation of intermediaries, or even online diversions. The scope of vulnerabilities is vast.
In this context, securing payments inevitably requires the systematic verification of IBANs before their use. Manual verification, while possible, is often a source of errors, tedious, and ineffective on a large scale. This need for reliability and automation explains why IBAN verification is now an essential building block of a secure payment system.
At Meelo, we pride ourselves on constantly innovating to offer you ever more powerful solutions. To meet the growing need for security and fluidity in user identification, we are pleased to introduce Mobile ID, a key component integrated into our Identity Trust Score for Individuals.
Mobile ID allows you to verify identity information more efficiently by relying on data provided by telephone operators. This new identity verification solution optimizes the accuracy of our scores and helps you better protect your business against fraud attempts.
At Meelo, we have chosen to integrate strong values of social responsibility at the heart of our economic model. By becoming a company labeled B Corp, we affirm our commitment to combining economic performance and positive impact on the company.
In this article, inspired by the Podcast Tocaté#9, discover how B Corp is a real engine to structure our societal commitment, strengthen financial inclusion and prevent impregnation.
Open banking, made possible by the PSD2 directive, opens up new perspectives for businesses, in particular thanks to the notion of continuous access. From now on, financing, credit, BNPL (Buy Now Pay Later) companies as well as rental companies can maintain regular access to a customer's banking data over a period of 180 days, as provided for by the PSD2 directive of 2022. Although this extension to 180 days was included in the directive from 2022, its effective implementation, initially limited to 90 days, was only adopted by banks from spring/summer 2024. Meelo, anticipating this evolution, has positioned itself as a key player in the field, offering complete consent management, unrivaled categorization of transactions and an efficient solvency score to optimize customer journeys and prevent risks .
In this article, we'll explore the main reasons why integrating open banking continuous access into your customer journeys is a winning strategy, also discussing the unique benefits that Meelo can bring to this solution.
Meelo, an innovative fintech company, recently achieved the prestigious B Corp certification, marking its commitment to sustainability and social responsibility. Founded in 2017 by Laurent Kocinski and Mohamed Hadiri, Meelo quickly emerged on the market with a clear mission: to offer businesses a global and innovative solution to fight fraud and unpaid debts, while protecting end consumers. After four years of continuous efforts, Meelo reached another milestone in January 2024 by becoming a certified B Corp.
Following our previous presentation detailing the different stages of the Meelo certification process, we would like to highlight two stages which aroused a certain apprehension on our part: the active phase of the audit and the interview with the auditor, by adopting a tone more formal, while retaining a certain enthusiasm.
Companies are increasingly aware of the importance of adopting responsible and sustainable business practices.
It is in this context that BCorp certification emerges, an approach which imposes high standards of social and environmental performance on companies.
Embarking on this approach goes well beyond simple recognition; it involves a profound transformation of the company and an assumption of responsibility towards its employees, the community and the environment. This article explores the major implications for Meelo, which decides in 2023 to take this important step towards a more responsible and committed business model.
The Money 20/20 show is one of the most anticipated events in the financial and technology industry. The next edition will be held in Amsterdam in 2023 and will be an opportunity for attendees to discover the latest trends, cutting-edge technologies and meet thought leaders in the sector.
Money 2020 Amsterdam is one of the most prestigious events in the financial and technology industry. Each year, it brings together professionals, innovators and experts from around the world to discuss the latest trends, disruptive innovations and challenges in the sector. In this article, we will provide you with all the essential information about the Money 2020 Amsterdam 2023 show, including its main objective, practical details, target and expected audience, and what Meelo will be presenting at the show.
Access to public data or Open data.
A theme that is more relevant than ever. A major challenge in the fight against fraud. And for good reason, digitalization has generated a real democratization of fraud practices. Meelo helps you see more clearly about this concept and its issues, particularly in the fight against fraud and the risks of non-payment.