Martin Cole
Key Takeaways
– Intergiro offers a wide range of financial services and allows businesses to open and control their own financial services or embed them into their products.
– MangoPay specializes in international payment methods and e-wallets, but does not offer personal banking services to consumers.
– Contis is an established Banking as a Service platform with a diverse client base and a range of account and card features.
Introduction
Banking as a Service providers have revolutionized the financial industry by offering businesses the opportunity to access and utilize banking services without the need for traditional banking infrastructure. This article will explore three prominent providers in this space: Intergiro, MangoPay, and Contis. We will delve into their offerings, strengths, and weaknesses, and provide insights into how businesses can benefit from their services.
Intergiro: Opening and Controlling Financial Services
Intergiro is a Swedish financial service provider that stands out for its unique approach to Banking as a Service. They offer businesses the ability to open and control their own financial services or embed financial services into their products. This level of control allows businesses to tailor their financial offerings to their specific needs and brand identity.
Wide Range of Financial Services
Intergiro offers a comprehensive range of financial services, including card acquiring, card issuing, and licensed banking services. This means that businesses can easily receive, exchange, and send funds through Intergiro’s platform. They also provide branded physical and virtual cards from major providers like Visa and Mastercard, making it easy for businesses to offer card payment options to their customers.
Regulatory Compliance and Security
Intergiro is regulated as an Electronic Money Institution and is compliant with GDPR, PSD2, and PCI standards. This ensures that businesses can trust Intergiro with their financial transactions and customer data. Intergiro also offers delegated authorization, automated KYC and onboarding, and in-app payment solutions, further enhancing the security and convenience of their services.
MangoPay: International Payment Methods and E-Wallets
MangoPay is a Luxembourg-based financial service provider that specializes in international payment methods and e-wallets. They have processed over 10 billion euros’ worth of transactions and work with various marketplaces and platforms.
Complete Range of Payment Methods
MangoPay offers a wide range of international payment methods, making it easy for businesses to accept payments from customers around the world. They also provide e-wallets with IBANs, allowing businesses to manage their funds efficiently. This flexibility in payment methods ensures that businesses can cater to the preferences of their customers and expand their reach globally.
Advanced Fraud Prevention and KYC Features
MangoPay understands the importance of security in financial transactions. They offer advanced fraud prevention features and tokenization to protect businesses and their customers from fraudulent activities. Additionally, MangoPay provides a unique KYC feature for user verification, ensuring that businesses can trust the identities of their customers and comply with regulatory requirements.
Contis: Reliable and Experienced Banking as a Service
Contis is an established Banking as a Service platform that has been in the industry for over a decade. They work with banks, financial institutions, fintechs, and credit unions, offering a range of services to meet their clients’ needs.
Diverse Client Base
Contis has a diverse client base, which is a testament to their reliability and ability to cater to different types of businesses. They have worked with banks, financial institutions, fintechs, and credit unions, providing them with accounts, card processing, card issuing, and access to cross-border payments. This diverse client base showcases Contis’ expertise and adaptability in the Banking as a Service space.
Feature-Rich Accounts and Cards
Contis offers feature-rich accounts and cards to their clients. Their accounts come with budgeting tools and cardless ATM withdrawals, providing businesses with convenient and efficient financial management options. By offering these additional features, Contis ensures that their clients have access to comprehensive banking services that meet their specific needs.
Conclusion
Banking as a Service providers have revolutionized the financial industry by offering businesses the opportunity to access and utilize banking services without the need for traditional banking infrastructure. Intergiro, MangoPay, and Contis are three prominent providers in this space, each with their own unique offerings and strengths. Whether businesses are looking for the ability to open and control their own financial services, international payment methods and e-wallets, or reliable and experienced banking services, these providers have something to offer. By leveraging the services of these Banking as a Service providers, businesses can streamline their financial operations, enhance their customer experience, and focus on their core competencies.
