obconnect and Raidiam win Best Anti-Fraud Solution at Open Banking Expo 2025
We’re happy to share that obconnect, in partnership with Raidiam, has been awarded Best Anti-Fraud Solution at the Open Banking Expo Awards 2025. The award recognises the success of our real-time, API-driven Confirmation of Payee (CoP) solution – purpose-built to detect, prevent and respond to fraud without compromising user experience. By combining obconnect’s Open Banking infrastructure with Raidiam’s trust framework, […]
Build vs Buy: A Strategic Guide for Open Banking Solutions
Marketplaces Have A Payouts Blindspot — And It’s Hurting Them
The gig economy and creator platforms that power digital commerce depend on one critical promise: pay sellers correctly and on time. Break that promise, and talent migrates to competitors who can deliver. Yet, cases of accounts hijacked, payments redirected, and other costly gaps during transactions are growing. Why? While marketplaces have invested millions in buyer […]
Seamless CoP migration: Bringing choice and efficiency to Confirmation of Payee
Some years ago, a company called Xero disrupted the accountancy software market. With a fresh approach and cloud-first mindset, they challenged legacy providers distributing software via disks and CDs. While incumbents were focused on local installations, Xero asked a bold question: How do you move customers from physical, desktop-based software to a flexible, cloud-based solution? […]
obconnect Backs Industry-Led VRP innovation
We’re excited to be listed among the 31 organisations committed to funding the new industry-led entity for the next evolution of Variable Recurring Payments. This represents a significant step forward in bringing the initiative to life, and we’re thrilled to be working alongside such a strong coalition of Fintechs, banks, and payment providers. This new […]
Fighting fraud with Open Banking: Why CoP and VoP are just the beginning
Fraud is a global pandemic. We’ve all heard stories – from fake Facebook Marketplace listings to scam emails convincing staff to buy Apple gift cards “on behalf” of their boss. Fraudsters don’t follow a project plan or stick to the terms of reference. They act with agility, persistence, and creativity. It’s time we accept an […]
Why Verification of Payee is essential in modern banking
In an age where digital payments are growing exponentially, so too is the risk of fraud. APP scams are global, transcending borders and the cost of those scam losses now runs in to the billions. Away from fraud, one simple error — like sending money to the wrong person — can cost individuals and businesses […]
New Zealand Bankers Association selects obconnect to build the nationwide CoP ecosystem
We are happy to share that the New Zealand Bankers Association has entrusted obconnect to build and manage the country’s entire Confirmation of Payee (CoP) ecosystem. This decision places obconnect at the forefront of New Zealand’s digital financial transformation, enabling secure and efficient financial data sharing across the nation’s banking landscape. As the chosen provider, […]
Santander joins forces with obconnect
obconnect could not be prouder than to develop further its relationship with Santander in delivering their Confirmation of Payee service. Santander holds a pivotal position as a tier-one, world-renowned bank and a front-runner in the fight against fraudulent banking activity. This association is a testament to Santander’s trust and confidence in the obconnect technology which […]
obconnect goes live with the first aggregator in partnership with Mutual Vision
obconnect, in partnership with Mutual Vision, has launched its first building society with the innovative Confirmation of Payee (CoP) aggregator model. This solution is designed to safeguard customers of building societies against fraud and misdirected payments while ensuring compliance with the Payment Services Regulator (PSR) mandate – achieved well ahead of schedule. The CoP aggregator […]