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EFSI will begin implementing WireSecure’s proprietary fraud prevention technology to better protect the firm’s fund manager clients and investors
NEW YORK, Feb. 17, 2022 /PRNewswire/ — WireSecure, a leading fintech solution for preventing impersonator fraud within the financial services industry, has announced that Essential Fund Services International (EFSI) will begin using the firm’s proprietary cybersecurity technology to protect its clients and investors from wire fraud. WireSecure’s solution uses facial recognition and a combination of multi-factor authentication methods to ensure that everyone involved in a financial transaction is who they say they are.
As a provider of comprehensive and cost-effective fund administration solutions for over a hundred hedge funds and private equity firms as well as 3,000+ limited partners, EFSI has seen first-hand how easily impersonator fraud can be carried out. Partnering with WireSecure will eliminate the growing problem of impersonator fraud and mitigate wire fraud risk for the clients and investors it works with.