Cyprus based Retail FX and CFDs broker FxPro has announced a new partnership with London based tell.money, to implement tell.money’s Confirmation of Payee (CoP) technology. This integration enhances security for BnkPro, the innovative Electronic Money Institution (EMI) under FxPro Group Ltd, and provides their clients with greater protection against app fraud and unauthorised transactions.

With the rise of app-based fraud, the parties said that ensuring robust protection for financial transactions will continue to be critical in the new year of 2025 and going forward. The CoP feature validates the recipient’s account details during payments, reducing the risk of misdirected transactions and fraudulent activities. By leveraging tell.money’s CoP expertise, FxPro offers its BnkPro clients a stronger layer of security, ensuring peace of mind for their financial operations.

Paolo Broccardo, COO of BnkPro said,

“Security is a cornerstone of what we deliver to our clients at BnkPro, and tell.money’s expertise in Confirmation of Payee gives us the confidence to combat fraud head-on, ensuring our clients can transact with trust and ease. This partnership reflects our dedication to providing secure, efficient, and innovative solutions for managing wealth.”

BnkPro’s clients already benefit from a suite of financial management tools, including multi-currency solutions, instant currency exchanges, and the exclusive BnkPro Mastercard. Adding CoP to its offering through tell.money ensures a smoother, more secure experience for global transfers and everyday financial operations.

David Monty, CEO at tell.money commented,

“We’re proud to support FxPro in enhancing their client security through our Confirmation of Payee service. We’re delighted to support them in reducing fraud and making transactions safer, reflecting a shared commitment to protecting users in today’s financial landscape”.

About FxPro

FxPro Group, a global financial services provider, introduces BnkPro, its cutting-edge Electronic Money Institution. Specialising in secure, multi-currency solutions, BnkPro offers seamless global transfers, instant currency exchanges at competitive rates, and robust financial management. With the exclusive BnkPro Mastercard, clients gain unparalleled convenience for everyday spending and access to thousands of Stocks & ETFs.

About tell.money

tell.money is a market leading open ecosystem platform, offering a suite of services that include Dedicated Interface APIs, Confirmation of Payee, and advanced Test & Monitoring systems. With a commitment to promoting seamless integration and regulatory compliance in the open banking ecosystem, tell.money continues to transform financial technology into a force for good.