Inside SSI | Governance | 3

🛡️ Fraudsters bank on stale SSIs - real‑time checks say "not today". Directory APIs first: Ops teams pull SSIs straight from their chosen feed (SwiftRef,...

🛡️ Fraudsters bank on stale SSIs - real‑time checks say "not today".

Directory APIs first: Ops teams pull SSIs straight from their chosen feed (SwiftRef, Bankers Almanac, DTCC ALERT). so every payment starts with a golden‑source record.

Business Email Compromise (BEC) scams insert bogus account details; out‑of‑band callbacks and least‑privilege edit rights stop most.

Dynamic lock‑in: A beneficiary‑account‑verification (BAV) call, peer‑to‑peer when the receiver opts in, directory fallback when it doesn't, confirms the account leg before funds leave.

Why it matters: Roughly two‑thirds of payment exceptions stem from bad beneficiary data and each repair costs about US $12 in hard fees. Static + dynamic checks = no detours.

opinions my own

Topics: SSI, Payments, SWIFT, Data Quality, Governance