DXspark develops “Confirmation of Payee/Payer” and "SPIN" features for a financial institution

We’ve done the rollout of “Confirmation of Payee/Payer” for a financial institution. It enhances transaction security by confirming the account holder's name before completion. Initially available on Multibanco, it will be extended to all homebanking transfers, banking apps, and direct debits.

We've developed the SPIN function for the same financial institution. This innovative solution offers clients a simple and secure way to transfer credit. It enables individuals to transfer money conveniently using their mobile phones number to any IBAN account.

These features are aligned with Banco de Portugal’s latest regulations.

At DXspark, we’re proud to lead in implementing these regulatory advancements, ensuring a safer and more transparent banking experience.