Monneo

Monneo, regulated by the Financial Conduct Authority (FCA), a virtual IBAN and corporate account provider, has enlisted cryptocurrency exchange Coinbase, in a move that will enable payment of invoices in a range of cryptocurrencies. The new service will be available for B2B invoice settlement and is supported by two of Monneo’s partner banks.

Monneo, virtual IBAN and eCommerce bank account provider, has unveiled an innovative new look logo and website design this week, as the brand expands across Europe and beyond.

One of the more vexing problems of the modern age when it comes to international business is that regulatory regimes often do not keep pace with technological innovation. Nonetheless, novel solutions to B2B cross-border business have emerged in the form of virtual IBANs, financial instruments that drive the innovation economy and enable new, powerful business models. Here we have outlined three ways that virtual IBANs are transforming the way companies do business locally and abroad:

When it comes to digital banking and compliance, robust KYC practices not only prevent fraud and financial losses but also strengthen a firm’s ability to conduct business with confidence. This is typically because of the four key elements of strong KYC practices that make sure firms know who they’re doing business with and what to expect from that relationship. We’ve identified the four essential elements of effective compliance in KYC practices for digital banking in order to show you how they help improve the competitiveness of businesses of any size or scale:

The year 2020 saw many of the innovations and prognostications of analysts come true as contactless payments and digital banking solutions drove the field of Fintech innovations. Looking ahead, however, 2021 could be the year that consolidates much of this growth and prepares the economy for the next stage of digitization. We at Monneo have identified five major trends that we think are driving the Fintech innovations in digital banking, in 2021 and beyond:

The digital banking era is upending traditional payment solutions and transforming the global financial industry in the process. And this is on both the corporate and consumer level with changes in payments solutions reaching into every facet of the international economy. These innovations in digital banking are not only enabling increased efficiencies and expediting capital flows at a rate previously unthinkable but also are leading the way in changing the dynamic and level of depth of the business-customer relationship.