IBANs
Immediately establish a strong presence in Belgium, Germany, Sweden and Poland with access to local IBANs. We offer single API integration and direct scheme connectivity backed by business and regulatory expertise.
Settlement workflows
Multiple schemes
Single API
Enabling entry to local markets
Local specificity
What is relevant to my customers and what connections are required?
Legal structure
Should I open a branch or would license passporting be enough?
Tax or Legal
Are virtual accounts possible?
Relevant schemes
Which schemes do I need to support?
Settlement in local currency
What type of accounts should I get to settle efficiently? Do I need to become a direct member?
Outgoing transfer settlement workflows (Poland example)
Incoming transfer settlement workflows (Poland example)
Single API for simplification
IBANs in local formats (DE, BE, PL, SE)
Instant payments in PLN and EUR and direct access to fastest growing local mobile schemes such as BLIK
Direct clearing in PLN, SEK and EUR
Intelligent transaction routing to provide most efficient channel and scheme
Unlimited provision of virtual accounts (vIBANs)
Exchange currencies at lower rates
Companies we’ve transformed:
leading neobank
Leading neobank:
Global fintech company with more than 40 million customers worldwide.Offers banking services, featuring:
- Currency exchange
- Debit cards
- Virtual cards
- Apple Pay
- Interest bearing “Vaults” etc.
The challenge
- The strategy involved providing a more localised offering in its core markets, to complete the product suite, build recognition and deepen the customer experience.
- The neobank was not directly connected to the local clearing scheme in Poland. As a result, their users transactions were treated as cross border transactions by Polish Banks.
Key product features
Deposits
- In Oct 2021, the neobank launched savings accounts in Poland (marketed as ‘savings vaults’), offered in EUR and PLN.
Virtual IBANs and mass payments
- In March 2022, the neobank continued its partnership with Aion/Vodeno to offer Polish virtual IBANs, allowing their customers to use Polish local payment rails for domestic money transfers.
- Solution was fully embedded into their branding and existing customer journey.
Deposits
Virtual IBANs
Individual client’s vIBAN displayed in the neobank’s app
What our clients say
Resources.
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Get in touch to schedule a demo of our Platform in action.
- See the full suite of financial services you can offer
- Learn how Banking-as-a-Service can support your business
- Learn what a Banking-as-a-Service project looks like
