Bank/EMI account for a payment institution

[lrotter]

Hello Members!
Currently working on the interesting case - where can a Singapore payment institution open accounts to process clients' funds?
All is clear, no shady schemes, no hidden UBOs.
Targeting both SWIFT and SEPA coverage.
The only two problem: payment institution is still in process of getting license...
So would be glad to know if you have any providers for this 🙂

 

[anotherone]

There is a belgan company for this named iban first:
https://ibanfirst.com/terms/

IBANFIRST has developed an online platform that offers its “Corporate” Customers easy access to the basic financial services required by a business, namely:

• opening and maintaining accounts in foreign and domestic currencies;
• receiving local or international payments;
• issuing local or international payments;
• SEPA Core and inter-company direct debits;
• the execution and follow-up of spot foreign exchange deals;
• real-time access to the foreign exchange market during its business hours.

I don't know if they support swift payments.

 

[Gediminas]

lrotter said:
Hello Members!
Currently working on the interesting case - where can a Singapore payment institution open accounts to process clients' funds?
All is clear, no shady schemes, no hidden UBOs.
Targeting both SWIFT and SEPA coverage.
The only two problem: payment institution is still in process of getting license...
So would be glad to know if you have any providers for this 🙂
Click to expand...

Hey, send me an email. Let's see if I could help you there 😉

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[lrotter]

anotherone said:
There is a belgan company for this named iban first:
https://ibanfirst.com/terms/

IBANFIRST has developed an online platform that offers its “Corporate” Customers easy access to the basic financial services required by a business, namely:

• opening and maintaining accounts in foreign and domestic currencies;
• receiving local or international payments;
• issuing local or international payments;
• SEPA Core and inter-company direct debits;
• the execution and follow-up of spot foreign exchange deals;
• real-time access to the foreign exchange market during its business hours.

I don't know if they support swift payments.
Click to expand...

Thanks, I left them a request for more details

 

[lrotter]

Hey just wanted to follow up if any other thoughts regarding this case?

 

[offshore xpert]

Does the account have to be in a bank or can it be with an EMI ? Or with a bank in the carribean?