BELLIN Takes Home 2019 TMI Innovation and Excellence Award: “Solution Innovation – Fighting Fraud”
Ettenheim, December 2019
BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, has won the “Solution Innovation – Fighting Fraud” Award in Treasury Management International’s (TMI) 2019 Awards for Innovation & Excellence in Treasury & Risk Management.
Since TMI introduced the TMI Awards for Innovation & Excellence more than a decade ago, these Awards have become firmly established as the quality benchmark for the treasury profession, formally recognizing the banks, vendors, consultants and practitioners who are defining new frontiers and driving best practices in treasury management globally.
“Fraud prevention is on the forefront of our research and development agenda. Our core goal is to maximize the utility and efficiency of our treasury system without sacrificing security. We are thrilled to have won this TMI award as it confirms our core ideals and drive to continue to innovate,” remarked André Scheffknecht, CSO at BELLIN.
This year, BELLIN’s treasury management system, tm5, boasts a new vendor verification solution, which was the driving force in being awarded with the “Fighting Fraud” honors. The solution represents a new and innovative approach to payment fraud prevention by providing users with a means to consolidate, validate, and automate their payment approval process. Via one centralized dashboard directly connected to payment processing, users can assign validation status depending on vendor database classification: blacklist or whitelist. The result of which, will give corporates amazing group-wide control and transparency of vendors to prevent fraud.
BELLIN’s tm5 is a comprehensive and integrated treasury platform that consolidates typical treasury tasks into one convenient interface. tm5 excels in cash and liquidity management, secure global payments, bank connectivity, FX and interest rate exposure. tm5 steps in as an all-in-one treasury management platform with a heightened focus on security by providing cutting edge in-house modules supplemented with third-party integrations.
With the technology now live, BELLIN is once again showcasing its drive for fraud prevention innovation and the strong capabilities of the tm5 TMS.
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