Sis ID extends anti-fraud platform with global coverage in 211 countries

Following its strategic merger with Australian payment fraud prevention leader Eftsure, French fintech Sis ID is advancing its international growth by expanding coverage of its payment security solution to more than 200 countries worldwide.

Addressing the escalation of cybercrime

The expansion comes against a backdrop of financial fraud reaching record levels on an industrial scale. A Nasdaq report estimated global losses at approximately $485 billion in 2023, underlining the severity of the issue.

In France, although the Banque de France reported a decline in fraud-related losses to €179 million in the first half of 2024, companies continue to face increasingly complex risks. The emergence of generative artificial intelligence has equipped cybercriminals with tools to produce convincing deepfakes and near-flawless counterfeit documents, making fraudulent activity harder to detect.

This industrialisation of fraud is particularly acute in regions traditionally considered hard to reach or where corruption risk remains high, as these markets often lack robust or reliable control frameworks.

Technology-driven innovation for security

By combining its technological expertise and the strength of its user community with that of Eftsure, Sis ID now offers clients a global protection solution that radically reshapes the approach to securing international payments.

• Near-universal coverage: With 211 territories covered, Sis ID now enables its clients to verify the vast majority of their third parties, including in historically hard-to-reach regions. This extended coverage removes geographic blind spots that previously left multinationals exposed.
• Enhanced automation: The integration of 16 additional local banking databases makes it possible to deliver more rapid and reliable automated results. These databases enable real-time verification that bank account details truly belong to the company being checked, significantly reducing delays and uncertainty.
• Human expertise: In the most complex environments, Sis ID’s accredited analysts step in to carry out manual checks in regions marked by high corruption or unreliable local data. This hybrid approach ensures optimal security even in the riskiest settings.
• Financial protection: In partnership with Allianz Trade, Sis ID guarantees its clients coverage of up to €700,000 per transaction, including in regions where cyber, fraud and corruption risks are deemed high by international authorities. In Africa, for instance, where anti-fraud insurance is costly, Sis ID clients benefit from integrated coverage while reducing protection costs.

“As economic sanctions reshape financial networks and geopolitical fragmentation accelerates, companies can no longer rely on partial solutions. With US restrictions indirectly affecting trade and AI-driven fraud scaling up, we face a convergence of risks like never before. Our clients now need a global, robust solution that offers both strategic autonomy and maximum protection. That’s exactly what we’re delivering with our platform,” explains Laurent Sarrat, Chief of Strategy and founder of Sis ID.