Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

iBanFirst to simplify forex payments management with new solution

Belgium-based financial services provider, iBanFirst has released a solution that aims to assist companies in overcoming financial challenges including changes in the financial services and banking ecosystem.

The supplier, through its payment engine, is expected to provide technological products to the CFOs. The payment engine has been designed with 50 business specialists, technology experts, architects and data intelligence specialists. This core technology is supported by financial and technical partners specializing in vertical needs (market data, verification of identity documents, monitoring of the risk of customers, etc.).

Oualid Abderrazek, Chief Product Officer at iBanFirst said, “iBanFirst focuses all its know-how and innovation first and foremost on clients in order to ensure the security and transparency of their cross-border payments, and free them up from time-consuming tasks with no added value. We focused our efforts in R&D to create services that save our clients both time and money. What makes us stand out in the crowded ecosystem is the quality of our services.”

According to the supplier, traditional banks nowadays face challenges with respect to the changing banking structure and the lack of qualified experts to rely on. Outsourcing technology requirements also result in a lack of technological independence as well as rising infrastructure costs. To solve this, capabilities provided by the solution include international payments to around 240 countries, registered and customized payment accounts in 30 currencies, provision of a single online platform to connect and view different bank accounts, integration with accounting and treasury software via EBICS, SWIFTNet, etc.


Established in 2013 in Belgium, iBanFirst provides a specialist online platform for multicurrency transactions and enables a payment experience and package of financial services addressing the needs of SMEs in their daily operations.

Related IBS Intelligence Research

Related Posts


NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »