Strengthen Security System With AI, Paper.id Collaborates With Sift

Paper.id collaborates with Sift (photo: paper.id)

Paper.id, the invoicing platform and business-to-business (B2B) payments have inaugurated cooperation with Sift as an effort to strengthen security systems across its operational lines.

As an AI-based fraud detection platform, Sift is capable of identifying more than 1 trillion events and identity signals each year, and is ideal for detecting transaction anomalies and ensuring security for all Paper.id users.

Through this collaboration, Paper.id demonstrates its commitment to data security and company integrity, especially in dealing with payment fraud.

"And now we see fraudsters utilizing automation and AI to scale up attacks, very important for businesses like Paper.id to fight fire with fire to secure transactions and keep providing an efficient experience for their customers," said Armen Najarian, CMO at Sift in a statement received on Tuesday, June 4.

With an AI-backed fraud prevention system accompanied by a sophisticated decision-making system and a wide Global Data Network, Sift technology allows Paper.id to quickly detect suspicious transactions and facilitate agile action and mitigate potential risks.

That way, Paper.id can provide a smooth user experience and provide a safer platform for banking partners and their payments.

"Through a partnership with Sift, we can channel our focus on business core activities and operations while ensuring the security and integrity of the ecosystem," said Paper.id Representative who is also VP Operations, Kinantia Subiantoro.