Kyriba, the global leader in liquidity performance, today announced a collaboration with Eftsure, a global leader in vendor verification and payment fraud prevention, to help organizations strengthen treasury controls and reduce exposure to payment fraud.
This collaboration brings together Kyriba’s connected liquidity and payment orchestration platform with Eftsure’s independent verification of vendor and bank account details, enabling strong controls earlier in the payment lifecycle and helping organizations reduce the risk of fraudulent or misdirected payments before funds are released.
Treasury teams are under growing pressure to optimize liquidity, forecast accurately, and execute payments quickly across global banking networks.
At the same time, vendor impersonation, account redirection scams, and business email compromise (BEC) attacks are accelerating. According to the FBI’s Internet Crime Complaint Center (IC3), BEC scams alone have resulted in more than $55.5 billion in global losses over the past decade. In its latest annual threat report, BEC remains one of the most common scam categories.
This collaboration reflects a shared commitment by Kyriba and Eftsure to support finance and treasury leaders as they balance speed, efficiency, and control across the payment lifecycle. Kyriba connects banks, ERPs and financial systems to provide real-time visibility into cash, liquidity and payments. Eftsure verifies vendor onboarding and bank account changes independently, helping organizations prevent fraud before it reaches the payment stage.
By embedding independent verification upstream of payment execution, treasury teams gain greater confidence that payments are going to the intended recipient, without slowing down critical workflows.
“At Kyriba, our mission is to help CFOs and treasury leaders make smarter liquidity decisions through connected financial intelligence," said Bruno Ferreira, Chief Revenue Officer at Kyriba. "Collaborating with Eftsure strengthens that mission by adding an important layer of verification to the payment lifecycle, helping organizations ensure the funds they manage and move every day reach the intended destination.”
“As payment ecosystems become more connected, finance leaders are placing greater emphasis on preventative controls embedded directly within financial workflows, rather than relying solely on downstream detection," said Gabe Garcia, Head of Partnerships at Eftsure.
"Liquidity optimization and fraud prevention shouldn’t be separate conversations. Our collaboration with Kyriba brings verification upstream of payment execution, giving CFOs and treasurers greater certainty that the funds they’re moving are going to the right place.”
Find out more about partnering with Eftsure.
