MatterFi Launches ‘Phishing-Proof’ Fintech Infrastructure to Enhance Digital Security

MatterFi, a fintech infrastructure platform, has introduced a groundbreaking solution aimed at protecting users from online threats, including phishing attacks. The platform, which has just emerged from a six-month beta phase, promises to revolutionize digital finance by offering a “phishing-proof” fintech infrastructure designed for both human and AI transactions.

In a December 3 press release, MatterFi detailed how its new enterprise-ready platform uses advanced technologies to secure digital transactions. One of the key features of MatterFi’s platform is its AI-powered “send-to-name” solution, which eliminates the need for users to deal with complex wallet addresses. This feature allows users to send transactions using simple names, much like sending an email or using traditional payment apps, making the process easier and more secure.

The platform is built with several layers of security, including integration with software and hardware wallets, along with AI agents. These features work together with chain-agnostic financial rails to offer heightened protection against common digital finance threats like hacking, phishing, and SIM swapping. In addition to these safeguards, MatterFi also removes the need for traditional login details and passwords, instead relying on end-to-end cryptographic proofs to ensure secure transactions.

MatterFi’s new fintech infrastructure aims to address the key security concerns that have hindered the broader adoption of decentralized finance (DeFi) technologies. According to MatterFi’s founder, Michael “Mehow” Pospieszalski, enterprise adoption of newer DeFi technologies has been slow due to concerns over perceived risks and vulnerabilities. The complexity of traditional wallet addresses has also contributed to the hesitation, with many users avoiding DeFi because of these barriers.

MatterFi’s solution offers a seamless and secure transaction experience similar to what’s available with major financial apps like Revolut and PayPal. The platform’s unique approach to security could drive wider adoption of DeFi technologies in the enterprise sector, particularly as the financial world continues to adapt to the digital age.

Privacy is another major focus of MatterFi’s platform. All transactions on the platform are designed to remain private, addressing a critical need in the crypto market. This comes at a time when phishing attacks in the Web3 space have increased dramatically, with a 150% spike recorded in 2024. In the third quarter of 2024 alone, phishing attacks and private key leaks led to $668 million in losses across the crypto ecosystem, according to blockchain security platform Certik.

MatterFi’s innovative platform comes as part of a broader effort to address rising concerns around crypto theft, fraud, and money laundering. Earlier this year, MatterFi entered into a collaboration with neobank EQIFi, combining their technologies to strengthen crypto security. Through this partnership, the two platforms aimed to improve security for users by leveraging MatterFi’s “send-to-name” feature on a peer-to-peer platform.

Overall, MatterFi’s introduction of its phishing-proof infrastructure is a significant step forward in the ongoing effort to make digital finance more secure and accessible. With cyber threats becoming increasingly sophisticated, solutions like MatterFi’s could play a pivotal role in protecting users and fostering the growth of secure, decentralized financial systems.