CoP technology reduces fraud risks and misdirected payments using tell.money's expertise.
BnkPro, formerly Hermex International, became an EMI in 2019, was acquired by FairFX, and rebranded in 2021.
An office of FxPro (photo: FxPro)
FxPro, a global financial services provider, has announced a
partnership with tell.money to implement Confirmation of Payee (CoP)
technology. This new feature will be integrated into BnkPro, the Electronic
Money Institution (EMI) under FxPro Group Ltd.
BnkPro Integrates CoP Technology to Improve Transaction
Security
David Monty, CEO at tell.money, Source: LinkedIn
The CoP technology aims to enhance transaction security by
verifying recipient account details during payments. This measure helps reduce
risks associated with misdirected transactions and fraudulent activities. The
integration is seen as a step to provide stronger protection against app-based
fraud.
“We’re proud to support FxPro in enhancing their
client security through our Confirmation of Payee service” David Monty, CEO at
tell.money commented.
“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”.
BnkPro Rebrands After FCA Authorization
Initially established as Hermex International Limited in
2019, the company was authorized by the UK’s Financial Conduct Authority (FCA)
as an Electronic Money Institution (EMI). Later that year, the payments
division of HermexFX was acquired by FairFX Plc, supporting its growth
trajectory. In January 2021, the company transitioned to its new identity as
BnkPro Ltd.
tell.money Supports FxPro with CoP Integration
BnkPro offers various financial management tools, including
multi-currency solutions, instant currency exchanges, and the BnkPro
Mastercard. The introduction of CoP aims to enhance the overall security and
reliability of their services.
Paolo Broccardo, COO of BnkPro, stated that security is a
core focus for their services. He emphasized that tell.money’s expertise in CoP
technology supports their efforts to protect clients from fraud. The addition
of CoP technology is expected to improve the security of financial operations
for BnkPro’s clients.
“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,” said Broccardo.
FxPro, a global financial services provider, has announced a
partnership with tell.money to implement Confirmation of Payee (CoP)
technology. This new feature will be integrated into BnkPro, the Electronic
Money Institution (EMI) under FxPro Group Ltd.
BnkPro Integrates CoP Technology to Improve Transaction
Security
David Monty, CEO at tell.money, Source: LinkedIn
The CoP technology aims to enhance transaction security by
verifying recipient account details during payments. This measure helps reduce
risks associated with misdirected transactions and fraudulent activities. The
integration is seen as a step to provide stronger protection against app-based
fraud.
“We’re proud to support FxPro in enhancing their
client security through our Confirmation of Payee service” David Monty, CEO at
tell.money commented.
“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”.
BnkPro Rebrands After FCA Authorization
Initially established as Hermex International Limited in
2019, the company was authorized by the UK’s Financial Conduct Authority (FCA)
as an Electronic Money Institution (EMI). Later that year, the payments
division of HermexFX was acquired by FairFX Plc, supporting its growth
trajectory. In January 2021, the company transitioned to its new identity as
BnkPro Ltd.
tell.money Supports FxPro with CoP Integration
BnkPro offers various financial management tools, including
multi-currency solutions, instant currency exchanges, and the BnkPro
Mastercard. The introduction of CoP aims to enhance the overall security and
reliability of their services.
Paolo Broccardo, COO of BnkPro, stated that security is a
core focus for their services. He emphasized that tell.money’s expertise in CoP
technology supports their efforts to protect clients from fraud. The addition
of CoP technology is expected to improve the security of financial operations
for BnkPro’s clients.
“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,” said Broccardo.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
IG Group Expects About £300 Million Revenue in Q1 2026
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
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At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
