SurePay wins at the British Bank Awards and PayTech Awards
London, 8 July 2021 – SurePay, the leading Confirmation of Payee (CoP) provider, wins “Technology Partner of the Year” at the British Banks Awards and “Editor’s Choice” at PayTech Awards.
In its seventh year running, the British Bank Awards puts customers at the heart of the industry and looks to find the best products, hottest innovations and most trusted financial brands and partners. Having become the most widely reported banking awards in the UK, the British Bank Awards are widely thought of as the Oscars of the banking world.
SurePay has won the “Technology Partner of the Year” at the awards on Thursday, 8 July for its Confirmation of Payee solution launched in the UK in 2020.
On the same day, SurePay also won the “Editor’s Choice Award” at PayTech Awards, ran by FinTech Futures, the definitive source of news and analysis of the global fintech sector. In their fourth year, PayTech Awards are recognising excellence and innovation in the use of IT in the finance and payment industry worldwide, and the people who make it happen.
David Jan Janse, CEO and Co-Founder of SurePay said: “We would like to thank NatWest Group, Atom Bank, HMRC and the other over 30 banks and more than 150 corporates who rely on our Confirmation of Payee service.”
He continued: “SurePay has invented Confirmation of Payee in 2017 and these awards show that we are the market leaders not only in the Netherlands, but also in the UK. This recognition is important as we continue to expand across Europe in our mission to protect our clients and their customers against the growth threat of online payments fraud.”
NatWest Group turned to SurePay’s expertise in the Dutch market to create a Confirmation of Payee solution that would reduce fraud and provide greater visibility and peace of mind over the payment journey for banking customers. This service is already checking 30 percent of UK online payments. NatWest Group and SurePay have contributed together to HMRC with the CoP solution to make sure that Covid-19 payments are delivered safely, at scale and to the right people.
About SurePay – Payments made personal, easy and more secure
SurePay’s matching algorithm combines cutting-edge data science techniques with profound knowledge of transactions and payee behaviour to help prevent fraud and misdirected payments. Leveraging SurePay’s unique technology, a variety of solutions are offered to financial institutions, organizations and businesses across Europe, including Confirmation of Payee and IBAN-Name Check. SurePay continues to develop innovative solutions, release new services regularly and is well on its way to becoming the leading European platform for account verification services in online banking. https://www.surepay.co.uk/