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Vendor Payment Fraud Prevention demo

Every bank-detail change put on trial by four independent agents before a single payment moves. 1:32

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What the demo shows

Checks vendor bank-detail changes and payment requests to stop BEC and impersonation fraud

Four agents act as independent witnesses on every bank-detail change: one reads the email and its headers, one asks the bank who owns the new account, one compares the request with the vendor's history, and one calls the vendor back on a number on file, never the one in the request. They cannot see each other's findings until all four finish; any dissent goes to a person. The payment run guard holds only the payments under investigation, and only a named treasury approver can release them, never the person who logged the change.

Transcript

  1. Vendor Payment Fraud Prevention checks Vendor Bank changes before accounts payable pays.
  2. Seventy-nine percent of companies face payments fraud in 2024.
  3. An email asks to move Tarnwick's $186,240 to a Lithuanian account.
  4. For agents act as independent witnesses, sealed until all four finish.
  5. The domain swaps one letter.
  6. The account owner's name does not.
  7. not match. Seven years, one bank.
  8. The callback uses only the number on file.
  9. Tarnwick's real AP manager denies it.
  10. For four agree, fraud.
  11. Only nine of Thursday's 1,284 payments are held.
  12. Renata, the AP manager, rejects the change with a reason code.
  13. The clerk who logged it is refused.
  14. Treasury releases to the verified account.
  15. Every finding cited, every decision signed, every step logged.
  16. All the money stayed home, and Tarnwick is still paid on Thursday.
  17. Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.