Nium, a global leader in real-time cross-border payment infrastructure, has announced the expansion of its Verify account validation service across Europe. This growth comes through an enhanced strategic partnership with iPiD, the provider of the Know Your Payee (KYP) solution, iPiD Node. The collaboration strengthens the capabilities of both Singapore-based fintech innovators, with iPiD integrating Nium’s Verify technology to bolster its own validation services and broaden its global reach. This partnership underscores a shared mission to improve trust, prevent fraud, and address evolving regulatory requirements in cross-border transactions.
With the EU set to enforce Verification of Payee (VoP) regulations by October 2025, payment service providers (PSPs) must verify payee details and maintain auditable proof of those verification attempts. The integration of iPiD Node into Nium’s ecosystem extends Verify’s coverage to all 41 countries within the SEPA zone, complementing Nium’s existing instant account verification network across 25 global markets.
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Nium remains the only provider with direct connectivity to global real-time payment (RTP) schemes for both payments and real-time account validation. Since its launch, Verify has saved customers millions by reducing fraud and error-related costs. For instance, one global remittance provider reduced error rates from 1.41% to just 0.34% after implementing Verify. Meanwhile, iPiD Node equips institutions with audit-ready logs to meet VoP compliance, while minimizing false positives and reducing manual transaction reviews.
“It’s powerful when a trusted partner chooses to become a customer,” said Damien Dugauquier, Co-founder & CEO at iPiD. “We’re proud to work alongside Nium not just as fellow Singapore fintechs, but as like-minded teams solving the next generation of cross-border compliance and fraud challenges.”
Unlike providers relying solely on name-matching tools, Nium’s Verify enhanced with iPiD Node utilizes real-time API responses directly from domestic RTP systems for greater accuracy, faster fraud prevention, and secure cross-border payments.
The integration also brings advanced EU capabilities, including:
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Real-time request/response name-checking flows
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Evidence-ready forensics and audit logs for regulatory compliance
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Flexible name-matching logic balancing security with user experience
“As regulation and risk evolve, we’re focused on building infrastructure that goes beyond the payment to provide both compliant and customer-centric solutions,” said Alexandra Johnson, Chief Payments Officer at Nium. “Deepening our relationship with iPiD gives us the tools to further scale our Verify solution for account validation with confidence.”
This collaboration represents a growing synergy between Singapore’s fintech leaders in shaping secure, compliant, and scalable financial infrastructure worldwide. Together, Nium and iPiD are raising the bar for payee verification merging real-time intelligence, regulatory preparedness, and industry collaboration to make global payments safer, faster, and more reliable.