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Private equity professionals need purpose-built transaction tools — this is why we built 6lock.
Banks are built to hold money, not move it. This leaves high-value transactors like PE firms and their fund administrators scrambling with callbacks and workarounds that don’t work.
Meanwhile, fraudsters are using every evolving tech trick to take advantage — and they target private equity because they know your transactions involve massive dollar amounts.
The private equity industry is especially vulnerable to deepfakes because:
- Deal structures often involve complex, high-value wire transfers
- Time-sensitive transactions create pressure to expedite verification
- Relationship-based business models rely heavily on trusted voice and video communications
Considering that a single deepfake can compromise millions, the cost of adding robust identity verification protocols is negligible.
And the time 6lock saves on useless callbacks and endless emails is enormous.
When you’re ready to implement easy, fraud-proof money movement best practices, let’s talk.
https://www.americanbanker.com/opinion/the-banking-industry-isnt-ready-to-fight-ai-enabled-deepfakes
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