Bank Account Data Mirror Imports Now Available in Cloud Apps

Release date: 2025-09-29

Release details

Bank Account Data Mirror import feature enables seamless, automated synchronization of bank data into Cloud Apps. This ensures that financial information is always up-to-date, accurate, and readily available for business processes — improving compliance, fraud prevention, and operational efficiency.

Purpose & Value

This feature allows you to securely upload either an unconsolidated payment extract (e.g., SAP REGUH file) or a consolidated payment summary into your private Bank Account Storage within CDQ Cloud Apps.

The primary purpose of this upload is to help your organization protect itself against payment fraud. By storing, structuring, and analyzing your outgoing payment transactions, CDQ’s Fraud Prevention Services — including the Trust Score — help you evaluate the bank accounts you're paying to and avoid sending money to fraudulent accounts.

Your uploaded payment data — whether unconsolidated or consolidated — becomes the basis for:

• Identifying previously used and trusted beneficiary bank accounts
• Recognizing suspicious or unverified accounts
• Enhancing CDQ's Trust Score and alert mechanisms
• Strengthening your internal controls before each payment run

In addition, your anonymized data contributes to the broader CDQ Data Sharing Community, improving fraud prevention insights across participating organizations — including yours.

Why This Process Matters

This process plays a critical role in protecting your organization from payment fraud. By uploading your payment data, you gain the ability to:

• Assess the trustworthiness of payee accounts
• Prevent payments to high-risk or unfamiliar accounts
• Detect accounts lacking a positive payment history
• Leverage CDQ’s Trust Score and fraud prevention tools in real time

Securely uploading your transaction history not only enhances transparency into your payment behavior but also activates intelligent services designed to help you avoid financial losses.

While your anonymized data contributes to the broader CDQ Data Sharing Community, the primary benefit is yours: reducing fraud exposure, proactively securing your payment operations, and building greater trust in your financial processes.

Getting Started

To get started with Bank Account Data Mirror Imports, follow these steps:

• Sign in to Cloud Apps
• Ensure you have access to Data Mirror Management (either the Data Mirror App User or Data Mirror App Manager role must be assigned to your account)
• Select your mappings between Transactions or Consolidated Accounts, and initiate the import into your Bank Account Storage

More detailed Step-by-step Process Instructions will be provided shortly.