About 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.

```xml <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. </problem> <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. </solution> <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. </features> <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. </target_audience> <revenue_model> nsKnox offers PaymentKnox™ for AP, PaymentKnox™ for AR, and PaymentKnox™ for Banks, each tailored to specific client needs with pricing dependent on the modules selected and transaction volume. </revenue_model> ```

What does NsKnox do?

Where is NsKnox located?

NsKnox is based in Petaẖ Tiqva, Israel.

When was NsKnox founded?

NsKnox was founded in 2016.

How much funding has NsKnox raised?

NsKnox has raised 39600000.

Location

Petaẖ Tiqva, Israel

Founded

2016

Funding

39600000

Employees

55 employees

Major Investors

Link Ventures, Harel Insurance and Financial

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NsKnox

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Executive Summary

nsknox.net 3K+

Crunchbase

Founded 2016 – Petaẖ Tiqva, Israel

Funding

Estimated Funding

$20M+

Major Investors

Link Ventures, Harel Insurance and Financial

Team (50+)

No team information available.

Company Description

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.

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.

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.

Revenue Model

nsKnox offers PaymentKnox™ for AP, PaymentKnox™ for AR, and PaymentKnox™ for Banks, each tailored to specific client needs with pricing dependent on the modules selected and transaction volume.