Alon Cohen
Founder/CEO
N
NsKnox
nsKnox Technologies provides an end-to-end payment protection solution, PaymentKnox™, that utilizes patented Bank Account Certificate™ technology to validate and continuously verify bank accounts, preventing fraud in B2B transactions. The platform addresses the risk of payment fraud by automating account validation processes for both accounts payable and receivable, ensuring that payments are made only to verified accounts.
- Cybersecurity
- Enterprise Software
- Financial Technology
- Software Only
Updated 23 months ago
Funding
Raised to date
$39.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
B2B payment fraud is on the rise, with companies facing increasing risks from social engineering, cyberattacks, and internal threats. Traditional manual validation processes are prone to error and are insufficient to protect against sophisticated fraud attempts, leading to significant financial losses and reputational damage.
Solution
nsKnox Technologies offers PaymentKnox™, an end-to-end payment protection suite that utilizes patented Bank Account Certificate™ technology to validate and continuously verify bank accounts, preventing fraud in B2B transactions. The platform automates account validation processes for both accounts payable and receivable, ensuring that payments are made only to verified accounts. PaymentKnox™ employs a technology-driven approach that enables organizations to validate any account globally and continuously verify master vendor data. It seamlessly integrates with existing systems, providing a robust layer of security without requiring changes to current processes. The solution protects against various threats, including business email compromise (BEC), deepfake AI scams, and insider fraud.
Target Audience
The primary target audience includes corporate finance departments, accounts payable/receivable teams, and banks seeking to protect their B2B payment processes from fraud.
Features
- Global account validation to verify any domestic or international bank account.
- Master Data Guard to protect and verify the accuracy of supplier bank account data.
- Payment Check to protect the payment run throughout the entire process.
- Bank Account Certificates to securely share and validate bank account details.
- Cooperative Cyber Security™ (CCS) technology to detect and prevent advanced persistent fraud attacks.
- Dynamic Positive Pay for Electronic Payments to verify beneficiaries and transactions against corporate client’s ERP system.
- Real-time discrepancy detection and alerting to prevent manipulation of data and transactions.