MatterFi unveils ‘phishing-proof’ fintech infrastructure

MatterFi announced the launch of its enterprise-ready platform, bringing a “phishing-proof” fintech infrastructure to the market.

In the press release shared with crypto.news on December 3, MatterFi stated that the solution would be launched after the six-month beta phase.

According to the announcement, the aim is to provide safe digital finance for both humans and artificial intelligence. The key to the infrastructure is an AI-powered agent for a “push-to-name” solution; This means users do not need complex wallet addresses to make transactions.

Integration with software wallets, hardware wallets, and AI brokers and leveraging chain-free financial rails means users have multiple layers of security when transacting. MatterFi provides a platform that helps protect users against attacks such as hacking, phishing, and SIM swapping, among other security risks.

Humans and AI agents can securely transact with other parties thanks to end-to-end cryptographic proof that eliminates the need for user passwords and login details. Its usage is more similar to the access provided through global financial apps such as Revolut and PayPal.

“Enterprise adoption of newer DeFi technologies is not what it should be due to the perceived risks and vulnerabilities surrounding these technologies. “Not only that, but the complexity of these technologies and the reliance on complex addresses has stalled adoption,” said Michael “Mehow” Pospieszalski, founder of MatterFi. he said.

Notably, MatterFi says all transactions remain private; A critical situation in the crypto market, with data showing a 150% increase in web3 phishing attacks recorded in 2024. In October, blockchain security platform Certik reported that phishing attacks and private key leaks were encountering users all over the world. The ecosystem lost $668 million in the 3rd quarter of 2024. Data shows that 80% of those exposed to phishing attacks lose money.

In May 2024, MatterFi and neobank EQIFi announced a collaboration aimed at strengthening crypto security.

The platforms have targeted MatterFi’s technology to help solve the growing problems of crypto theft, fraud and money laundering. EQIFi and MatterFi announced that the partnership will leverage the “send to name” feature through a peer-to-peer platform to provide this benefit to users.