Surecomp: Introduces duplicate financing fraud prevention as industry utility
- Surecomp is the market leader in global trade finance solutions for banks and corporations
- Announced it is providing a new solution based on advanced cryptographic technology
- Allowing financial institutions to mitigate the risk of duplicate financing fraud
- The solution provides an effective invoice comparison process to identify whether finance has already been requested
- Based on the sharing of unrecognizable hashed crypto document fingerprints to a global validation database
- It enables visibility of invoice status and promotes industry collaboration through a shared open API-based repository
