FinXP launches new website and refreshed positioning

FinXP has launched a new website alongside refreshed market positioning that better reflects how the business has evolved in recent years.

For much of our history, FinXP has primarily been known as a payment processor and a provider of corporate payment accounts. Those services remain an important part of what we do, but they no longer tell the full story.

Today, FinXP provides a broader range of payments infrastructure services, including Banking-as-a-Service, card issuing, and BIN sponsorship.

Our new positioning is designed to make that evolution clearer.

One EMI licence. Independent. Direct SEPA access. Built to say yes.

Each part of the tagline reflects something we believe matters to the businesses we work with.

More than payment processing

Over the years, FinXP has steadily expanded the infrastructure and capabilities behind its offering.

We now support fintechs, financial businesses and online platforms with services that go beyond traditional payment processing, including embedded payment infrastructure, issuing capabilities, and direct access to European payment rails.

Marc Conway, our Chief Commercial and Product Officer at FinXP, explains:

“FinXP has built a lot more capability over the years than people necessarily associate us with. We wanted the new positioning and website to make this evolution much clearer.

“We have our own EMI licence, direct access to SEPA through CENTROlink, and we have the flexibility that comes from being independently owned. Just as importantly, we’re prepared to take the time to understand businesses that may not fit neatly into the criteria of more traditional banking partners.”

Why independence matters

FinXP was founded in 2014 and remains owned by its founders, without external investors.

That independence gives our management team greater control over how the business develops, the infrastructure we invest in, and the types of companies we are prepared to onboard.

It also means that strategic decisions can be made within FinXP rather than being driven by the priorities or risk policies of a parent group or external investor.

For clients, that can translate into a more direct and flexible relationship with the people responsible for the service they use.

Direct access to SEPA

Another important part of the positioning is FinXP’s direct access to SEPA through CENTROlink.

This means our SEPA payments do not need to pass through an intermediary sponsor bank before reaching the wider payment network.

Direct access gives FinXP greater control over payment processing and pricing, as well as better visibility when tracking payment status.

Behind that infrastructure, client funds continue to be safeguarded in line with the regulatory requirements that apply to FinXP as a regulated financial institution.

What does “Built to say yes” mean?

Perhaps the most human part of the new positioning is the final line: Built to say yes.

It does not mean saying yes to every business.

It means being willing to properly understand a company before making a decision.

Many businesses operate in sectors, markets or business models that do not always fit neatly into the standard risk criteria used by more traditional financial institutions. In those situations, our approach is to look more closely at how the business works, how money moves through it and what the underlying risks actually are.

Applications are reviewed by people rather than relying solely on automated onboarding rules.

That gives our teams the ability to assess each business on its own merits, while still operating within the compliance, governance and regulatory standards expected of a regulated financial institution.

A website that better reflects FinXP today

The new FinXP website has been redesigned around this broader proposition.

It provides more detail on our products, infrastructure and use cases, together with additional client case studies and educational guides.

The aim is simple: to give visitors a much clearer picture of what FinXP does, how our infrastructure works, and where we may be able to help.

Our business has evolved considerably since FinXP was founded more than a decade ago. The new website and positioning are intended to make that evolution easier to see.

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FinXP and Buckzy Partner to Expand Real-Time Cross-Border Payment Capabilities

FinXP, a European payment infrastructure provider, has partnered with Buckzy Payments, a global cross-border payments and embedded finance platform, to expand access to European and international payment capabilities to internationally-active businesses.

This two-way partnership combines FinXP’s regulated European infrastructure including euro accounts and SEPA payment capabilities, with Buckzy’s real-time international payment network with stablecoin infrastructure.

Through the partnership, eligible Buckzy clients will be able to access FinXP’s direct SEPA payment capabilities, subject to FinXP’s regulatory, compliance and onboarding requirements. In turn, FinXP’s clients will benefit from Buckzy’s international banking network and stablecoin infrastructure, strengthening FinXP’s existing cross-border payment capabilities and extending reach across additional markets and currencies.

The combined proposition is designed to help clients of both fintechs manage European accounts, collections and payouts, extend payment reach across international markets and currencies, reduce reliance on disconnected providers, and improve payment visibility, reconciliation and operational efficiency.

“Buckzy and FinXP share a common objective: to make international payments simpler, faster and more accessible for businesses,” said Jens Podewski, co-founder and CEO at FinXP. “Buckzy brings strong global payment connectivity and modern API infrastructure, while FinXP contributes regulated European account and payment capabilities. By combining these strengths, we can offer clients a more complete solution across Europe and international markets.”

“Europe is a critical market for our clients and an important part of any global payments proposition,” said Abdul Naushad, CEO at Buckzy Payments. “FinXP brings direct SEPA access, regulatory expertise, and a strong understanding of complex payment requirements. This partnership enhances Buckzy’s ability to provide clients with an integrated route into European accounts and SEPA Instant payments, while extending the international reach available to FinXP’s clients.”

FinXP and Buckzy will initially focus on connecting European account and SEPA capabilities with Buckzy’s international cross-border payments infrastructure. The companies also intend to explore further opportunities in automated account provisioning, embedded payment services, multi-currency payment flows, and API-led financial infrastructure.

SEPA Instant – A Complete Guide (Updated 2026)

The way Europe moves money is changing.

For years, SEPA Instant was a useful but inconsistent payment option. Some banks and payment providers supported it, while others did not. That made it difficult for businesses to rely on instant transfers as part of their everyday payment operations.

The Instant Payments Regulation has changed that. Payment service providers across the euro area are now required to support the receipt and sending of instant euro payments.

Adoption is already accelerating. By the fourth quarter of 2025, instant payments accounted for almost 34% of euro credit transfers.

As availability grows, businesses and consumers will increasingly expect euro payments to arrive within seconds, regardless of the time or day.

What is SEPA Instant?

SEPA Instant Credit Transfer, often shortened to SEPA Instant or SCT Inst, allows individuals and businesses to send euro payments between participating accounts in real time.

Funds are normally made available within seconds. The service operates 24 hours a day, seven days a week, including weekends and public holidays.

This is the main difference between SEPA Instant and a standard SEPA Credit Transfer. A standard transfer is typically completed within one banking day and may be affected by banking hours, cut-off times and public holidays.

SEPA Instant removes much of that waiting period.

The previous €100,000 scheme-level maximum has also been removed. Payment service providers can still set their own transaction limits based on risk, customer profile and internal policies, but the SEPA Instant scheme itself no longer imposes a maximum transaction amount.

What changed under the Instant Payments Regulation?

SEPA Instant was introduced in 2017, but participation was voluntary.

For a payment to be completed instantly, both the sender’s and recipient’s payment service providers needed to support the scheme. This meant that instant payments were available for some transactions but not others.

Regulation (EU) 2024/886, known as the Instant Payments Regulation, was introduced to make instant euro payments more widely available across Europe.

Under the regulation, payment service providers in the euro area were required to:

Payment service providers in EU countries outside the euro area have later implementation deadlines.

The regulation has therefore changed the role of SEPA Instant. It is no longer an optional feature offered by selected providers. It is becoming a standard part of Europe’s payment infrastructure.

What is Verification of Payee?

The speed of an instant payment is useful, but it also leaves very little time to correct a mistake.

Verification of Payee, commonly called VoP, is designed to reduce the risk of sending money to the wrong account.

Before a payer authorises a transfer, the payer’s payment service provider checks whether the name entered for the beneficiary corresponds with the name associated with the IBAN.

The payer may receive one of several results:

The payer can then review the information and decide whether to continue with the payment.

VoP can help identify incorrect account details and certain types of fraud before funds are sent. This is particularly important for instant transfers because the payment is processed within seconds and may be difficult to recover.

VoP does not guarantee that every payment is legitimate. A fraudster may still control an account held in the name shown to the payer. It does, however, provide an additional warning when the beneficiary details do not correspond.

Why SEPA Instant matters to businesses

The value of instant payments goes beyond moving money faster. They can change how a business manages cash flow, serves customers and pays suppliers.

Faster access to working capital

A payment sent late on a Friday through a standard transfer may not arrive until the following banking day.

With SEPA Instant, the funds can arrive within seconds.

Faster access to incoming payments can improve liquidity and reduce the delay between receiving payment and being able to use the money. This can be particularly valuable for businesses with tight cash flow or high transaction volumes.

Shorter customer journeys

Many businesses wait for funds to clear before activating an account, releasing an order or providing a service.

Instant settlement allows the business to confirm payment immediately.

A digital platform could activate a customer’s account as soon as the transfer arrives. A supplier could release goods without waiting for the following business day. A service provider could begin work immediately after receiving payment.

The result is a smoother experience with less time between payment and fulfilment.

Faster payouts and refunds

Payment speed also matters when a business is sending money.

SEPA Instant can support payouts to contractors, marketplace sellers, affiliates, customers and other beneficiaries. It can also be used for refunds, reimbursements, and customer withdrawals.

For platforms and digital businesses, the speed of a payout can influence how users view the service. Customers may not understand the payment infrastructure behind the transaction, but they notice how quickly their money arrives.

The same applies to refunds. Returning money within seconds can resolve a complaint more effectively than telling a customer to wait several business days.

More flexible supplier payments

Instant transfers allow businesses to pay suppliers outside traditional banking hours.

This can help when a payment is urgent, when a supplier requires cleared funds before releasing an order or when a business needs to meet an unexpected obligation.

The removal of the previous scheme-level maximum also makes instant payments more relevant to larger business transactions, although limits may still be applied by individual providers.

Greater control over liquidity

Businesses operating several accounts, entities or markets often need to move funds between them.

SEPA Instant allows treasury and finance teams to transfer euros when the funds are needed, rather than planning every movement around banking cut-off times.

This does not replace good cash management. It gives businesses more control over when transactions are completed.

Real-time payments require real-time operations

Instant payments create opportunities, but they also place greater demands on the systems behind them.

Payments can be sent and received at any time, so businesses may need to consider how they handle:

A payment may take seconds, but the surrounding process still needs to be reliable.

Businesses should therefore look beyond whether a provider supports SEPA Instant. They should also consider the quality of its infrastructure, reporting, APIs, operational controls and customer support.

How FinXP supports SEPA Instant

FinXP provides access to SEPA Instant in two ways, depending on how a business wants to use the payment infrastructure.

Dedicated Euro accounts through IBAN4U

IBAN4U provides eligible businesses with dedicated Euro IBAN accounts issued directly by FinXP.

Clients can use their accounts to send and receive standard SEPA Credit Transfers and SEPA Instant payments. Accounts can be managed through FinXP’s online platform and can support capabilities such as batch payments, SEPA Direct Debit collections and cross-border payouts.

FinXP connects directly to SEPA payment rails, reducing reliance on correspondent banks for its core euro account and payment capabilities.

IBAN4U can support businesses that need to collect payments, pay suppliers, manage treasury movements, or make time-sensitive payouts across Europe.

Embedded payments through FinXP BaaS

FinXP’s Banking-as-a-Service (BaaS) solution is designed for fintechs, financial institutions, and digital platforms that want to build euro account and payment capabilities into their own services.

Through FinXP’s APIs, businesses can integrate functions such as:

This allows a platform to create payment journeys within its own product rather than directing users to a separate payment provider.

For example, a fintech could use FinXP’s infrastructure to provide Euro IBAN accounts to business customers. A digital platform could automate incoming payments and payouts. A financial institution entering the European market could access SEPA rails without building its own direct connection from the ground up.

The service is supported by FinXP’s regulatory, compliance and operational infrastructure.

Europe is moving towards an instant standard

SEPA Instant is not yet used for every euro transfer. Standard SEPA Credit Transfers will continue to serve scheduled, batch, and non-urgent payments.

However, the direction of change is clear.

Regulation has made instant payments more widely available and prevented them from being priced as a premium service. As more businesses and consumers use them, waiting until the next banking day will become harder to justify for many transactions.

For businesses, the opportunity is not limited to faster transfers. Instant payments can improve liquidity, shorten payment journeys, and create better payout experiences.

Speak to our team to explore how SEPA Instant could improve your payment experience.

FinXP Bolsters Leadership Team with Strategic C-Suite Appointments

Two industry veterans join our executive team to accelerate growth and enhance our product offerings.

At FinXP , we have recently made two significant additions to our executive team, appointing Jon Vigier as Chief Technology Officer and Marc Conway as Chief Commercial & Product Officer. These strategic hires signal our commitment to advancing our technology infrastructure and commercial reach in the competitive fintech landscape.

Deep Industry Expertise Joins Our Leadership Ranks

Jon Vigier steps into the CTO role bringing an impressive 30-year career in payments technology. His resume includes tenures at financial powerhouses like IBM and Bank of America, where he collaborated with major institutions including Wells Fargo and Citi. Vigier has also led crucial projects involving payment networks Mastercard and Visa, positioning him uniquely to guide our technology roadmap.

“Joining FinXP at this exciting time is a remarkable opportunity,” said Vigier. “I am eager to leverage my experience to drive technological innovation that not only meets the evolving needs of our clients but also sets new benchmarks in the payments industry.”

Meanwhile, Marc Conway joins as CCPO with over 14 years of fintech and payments expertise. Known for successfully launching major products and cultivating strategic partnerships, Conway will oversee our commercial strategy, growth initiatives, and stakeholder relationships.

“I am thrilled to join FinXP as Chief Commercial & Product Officer,” Conway remarked. “The company’s commitment to innovative, business-friendly payment solutions perfectly aligns with my professional values and objectives. FinXP is a forward-thinking company making a tangible impact on the payments space.”

Positioning for Future Growth

These appointments come at a pivotal time for us, as we’ve carved out a niche providing payment and banking solutions specifically tailored for underserved businesses. We offer dedicated IBAN accounts, SEPA Direct Debit collections, e-commerce payment solutions, cross-border transfers, and card issuing services.

Jens Podewski, our CEO, emphasized the strategic importance of these appointments: “We are delighted to welcome both Marc and Jon to our leadership team. Their combined expertise in commercial strategy, product development, and technology innovation is a perfect fit as we continue to expand our comprehensive suite of payment solutions.”

Founded in 2014, FinXP operates as a European electronic money institution licensed by the Malta Financial Services Authority. We’ve established ourselves as a growing player in the European PayTech sector, with registrations with the European Payments Council and SWIFT, alongside principal membership with Mastercard.

FinXP Honoured in the 2024 Fintech Power 50

FinXP, the Malta-based European payments and banking solution provider, is proud to feature in the latest cohort of The Fintech Power 50, an annual guide featuring prominent movers and shakers in the global fintech industry.

Now in its fifth year, the 2024 edition of The Fintech Power 50 showcases 40 trailblazing companies and 10 industry influencers across the fintech ecosystem. Members benefit from networking, marketing, and opportunities to participate in events showcasing the hottest trends and developments in the world of Fintech.

Companies in the 2024 cohort hail from around the globe including Europe, the Middle East, the UK, Canada, and the US, and span from burgeoning sectors such as paytech, lendtech, regtech, wealthtech and embedded finance. Alongside FinXP, other notable cohort members include Decta, Jumio, and BPC Banking Technologies.

Commenting on FinXP’s inclusion, company CEO and co-founder Jens Podewski stated that “over these past few years FinXP has experienced significant growth and we have continued to mature in how we operate and in how we provide solutions to our clients. Being included in The Fintech Power 50 is a tribute to the company’s commitment to being recognized as a leading and trusted payments partner in the fintech industry”.

Mark Walker, co-founder of The Fintech Power 50, commented: “Being part of the Fintech Power 50 is not just an award, it’s a testament to the work individuals and companies are doing to help the sector innovate and grow, and serves as a great recommendation tool [for our members]”.

The launch of the Fintech Power 50 2024 annual guide took place at Fintech Connect at Excel London on the 6th of December, 2023.

FinXP Collaborates with Mastercard to Launch Cross-Border Payment Solutions

FinXP, a European payments and banking solutions provider, is pleased to announce its strategic collaboration with Mastercard to introduce an innovative cross-border payment solution, named FinXP PLUS. By leveraging Mastercard’s Cross-Border Services, FinXP shall be tapping into the extensive Mastercard network, thereby providing its global customer base with unparalleled access to a new range of payment possibilities.

FinXP PLUS is set to modernize corporate cross-border payments by providing a proprietary platform that facilitates secure transactions to over 100 countries, supporting multiple currencies, including USD, GBP, EUR, CAD, CHF, TRY, PLN, SEK, DKK, NOK, PHP, COP, and more. One of the standout features of the service is its support for multi-channel transfers, empowering merchants to make payouts to bank accounts, cards, e-wallets, as well as cash-out locations. This versatility ensures that clients have the flexibility required to adapt to different payment preferences around the world.

The new service integrates with FinXP’s best-in-class Euro IBAN service called IBAN4U, which provides dedicated corporate accounts complemented with Mastercard debit cards. Therefore, FinXP PLUS users shall benefit from a comprehensive account solution enabling them to receive payments, make payouts, as well as use their funds via a physical debit card.

Through this partnership, FinXP will extend access to Mastercard’s network to its diverse clientele, which includes e-commerce enterprises, professional services firms, as well as reputable merchants hailing from specialized sectors such as blockchain, fintech, iGaming, and nutraceuticals.

“Our latest collaboration with Mastercard reinforces our commitment to offer merchants with a seamless payment experience, that means the ability to make fast and reliable payments at a cost-efficient price with an easy-to-use platform,” said Jens Podewski, co-founder and CEO of FinXP. “We are very excited about launching the new service especially since it offers so many payout capabilities in just a single solution. Of course this would not have been possible without partnering with a payments leader like Mastercard”.

Chris Denny, CCO at FinXP added that “through this new service we are able to present a much stronger value proposition not just to our current clients but also in new markets that we are entering such as international remittance, travel and marketplaces”.

“In the current climate, having fast, reliable access to funds at a reasonable cost has never been more crucial,” said Dr. Peter Robejsek, country manager at Mastercard. “Our partnership with FinXP will provide its customers with a safe, simple and reliable cross-border payments experience, regardless of whether they want to send money to a bank account, card, digital wallet or cash withdrawal location.”

Mastercard’s suite of remittance-related products enables payments using Mastercard’s global network to be delivered to bank accounts, digital and mobile wallets, card, and cash across more than 180 countries and 150 currencies. In total, these services provide senders with access to more than 90% of the world’s banked population and in near real-time to more than 50 markets.

The launch of FinXP PLUS represents a significant step forward in cross-border payments for several industries. FinXP and Mastercard look forward to transforming the way businesses conduct international transactions, facilitating the growth of global commerce.

Fintech Brings Much-needed Fiat Banking Solutions to the Crypto Industry

Many crypto exchanges – and merchants accepting crypto payments – are on the lookout for the best crypto-friendly financial institutions to keep them ahead in the market.

FinXP is one example of a reliable and cutting-edge fintech company based in Europe. Established in 2014, building on decades of previous experience, the team at FinXP provides fiat payment and account services, solving troublesome pain points in the crypto market.

Crypto companies, such as exchanges, crypto processors, crypto developers, and others, face dire options when it comes to banking. They want to avoid turning to industry sharks and unreliable fintech startups for such services. On the other hand, most traditional banks are nervous about providing accounts to companies in the crypto space. Some, like Signature Bank and Silvergate, have turned against crypto exchanges, while many other banks have seemingly always been anti-crypto.

Over the past nine years FinXP has worked with international companies and big enterprises across different industries, establishing itself as a reputable fintech. An award-winning European-licensed Electronic Money Institution (EMI), the company has operations in Malta, Germany, Lithuania, and Cyprus. These factors combined make FinXP a commonly-cited trustworthy partner for crypto companies looking for banking solutions.

FinXP Provides a Haven For Crypto

A principal issue in the crypto industry is that traditional banks are often unwilling to offer their services to crypto companies due to the high-risk associated with the industry. This pain point also extends to merchants that accept crypto payments, as they may have their merchant accounts frozen if their bank finds out about crypto payment activity.

FinXP is stepping in to offer account services to companies affiliating with crypto, as it recognizes the importance that fiat currencies have to play in growing crypto adoption. Unlike many banks that focus primarily on banking services such as loans and investing, FinXP provides leading payment and Euro IBAN (International Bank Account Number) account solutions. FinXP distinguishes itself from many other fintechs through its deep experience, wide product portfolio, and by its culture of regulatory compliance, making it well-positioned to provide reliable and secure services to its clients.

Ineffective payment infrastructure also plagues the fintech industry, and this is causing particular problems for digital cross-border payments. Crypto is an efficient way to make cross-border payments, but it is floundering because of its difficulty to find safe and reliable banking. FinXP is offering a solution to this problem through IBAN4U, its fiat Euro account for crypto companies. Prioritizing a business-friendly experience and offering an account which is streamlined for cross-border financial transactions, IBAN4U might be an attractive option for crypto companies looking for a safe and dependable banking solution. FinXP also offers an accompanying XP White Debit Mastercard to go with its IBAN4U accounts to facilitate user accessibility to their account funds.

Another industry problem arises because many fintechs use white-labeled solutions to open accounts with third-party financial institutions. In some cases, a merchant might think he’s opening an account with ‘fintech X’, when he’s actually opening an account with a bank. As a result, some fintechs do not have the final say on who they can onboard or keep as clients. This is not the case with FinXP. The company doesn’t rely on any intermediary banks to open accounts. FinXP – not a third-party – makes the final decision on what accounts to open and maintain. Different to many other financial institutions, the company also doesn’t reinvest client funds, meaning money deposited in a FinXP IBAN account is secure and safeguarded.

As FinXP grows in popularity, it has now also started working with crypto exchanges to onboard the latter’s users to IBAN4U, as consumers often also face similar banking challenges. This arrangement makes it easy for end users to make instant Euro deposits and withdrawals to and from exchanges, while enjoying a very high rate of transaction approvals. This payment system can also be extended by providing end users with a debit card linked to their IBAN4U account, giving them seamless access to their funds.

Though many traditional banks have lost trust in crypto companies, crypto still offers a lot of practical solutions for the global marketplace. FinXP remains confidently optimistic about the future of the industry. Alongside companies like Cardano, MultiversX and Hedera, the company is sponsoring the upcoming Paris Blockchain Week Summit, the biggest European crypto conference.

Finally, FinXP is planning to launch an innovative, instant pay-out solution later this year, which will help crypto exchanges offer a much improved payment experience for their users.

Learn more about this leading fintech working at the heart of the crypto payment market. Visit FinXP’s website or subscribe to their monthly newsletter to stay up-to-date with the latest payment and company insights.

Finxp Achieves Double Success at the Malta Fintech & Crypto Awards

FinXP, a leading international fintech headquartered in Malta, has won the Payments Innovation of the Year Award and the Best B2B Payment Platform of the Year Award at the inaugural Malta Fintech and Cryptocurrency Awards, held last Friday at the Hilton Hotel in St. Julian’s.

Organised by Dynamic Events Ltd., the awards were divided into nine different categories aimed at recognizing outstanding emerging start-ups, disruptive technologies, unique business models, as well as established players in the electronic money transfer domain.

Specializing in payment and banking solutions for the iGaming & Crypto industries among others, FinXP was recognized for its IBAN4U product, a dedicated Euro IBAN Account linked to a debit Mastercard. On platform environments, the solution can innovatively be extended so that both the platform and the end-users have IBAN accounts, facilitating instant, cross-border deposits & withdrawals. This payment solution, which is part of a larger ecosystem of FinXP payment services, has already been adopted by several tier-1 operators and platforms.

Jens Podewski, co-founder and CEO of FinXP, commented “we are honoured to be recognized for the solutions that we are bringing to market. I’d like to take this opportunity to thank our amazing team, these awards and the results we achieve would not be possible were it not for their dedication and work ethic.”

“Looking ahead, we have a lot to be excited about. We are exhibiting at prestigious events, launching new products, finalizing new partnerships, and so much more. 2023 is panning out to be an eventful year for FinXP”.

Opening a Merchant Account Online That Works for Your Business

Traditional banking firms are often hesitant to offer accounts to iGaming companies and other ‘high risk’ businesses. This outdated approach means that these businesses can struggle to open a merchant account that meets their banking needs. What’s more, the risk of sudden de-banking presents a significant operational risk and long-term growth challenge.

Thankfully, forward-thinking providers like FinXP deliver a complete payment solution for high-risk merchants. In this article, we outline how to open a merchant account that works for you by exploring how corporate IBAN accounts by fintechs compare to accounts offered by traditional banks.

Reasons To Open a Merchant Account Online

The demand for effortless cross-border trade has been largely driven by the need to send money to overseas partners and service providers. Here, IBAN accounts offer a simplified way to settle invoices via international bank transfers. FinXP’s IBAN accounts can be used to make fast, secure transfers across the 36 European countries within SEPA.

Firms may also need a way to create a new line of business to serve a new market and receive customer payments. A dedicated IBAN account offers a range of benefits, like allowing finance departments to segment revenues and manage tax obligations across jurisdictions more easily.

What’s more, the recent push for remote working means that businesses increasingly require a way to pay employees or subcontractors in different regions. Once again, IBAN accounts can ensure that your employees and business partners can be paid on time.

Why High-risk Merchant Accounts Are Hard To Come By

Unfortunately, some industries experience financial discrimination, whether due to reputational risk, money laundering concerns, or novel (and unfamiliar) business models. As a result, these firms are often shut out from accessing vital financial services necessary to grow their operations, as traditional banking providers fail to provide high-risk merchant accounts.

At FinXP, we are committed to offering market-leading payment and banking solutions. That’s why we offer IBAN4U accounts, these are dedicated Euro IBAN Accounts for corporates.

Whether you’re looking to open a SEPA bank account online for your EU operations or you need a gaming-friendly payment account, we can help.

In the next section, we go in-depth on how our IBAN accounts compare to others on the market so you can find a business account that works best for you.

How Do Our Corporate IBAN Accounts Compare?

Our corporate IBAN accounts gives high-risk merchants access to similar features as bank accounts from traditional banking institutions. Some of our flagship benefits include:

A Security-first Mindset

As a fully licensed and regulated electronic money institution, we ensure our customers benefit from leading security and compliance. Our core banking system is Oracle Flexcube, a best-of-breed core banking solution delivering extensive open banking capabilities.

Additionally, once your funds are stored with us, they remain completely in your account and separate from FinXP's own funds and separate from the funds of other clients. This means that your money isn’t re-invested, giving you full access to every cent, all the time. This full fund protection is not offered by banks which re-invest client deposits.

Flexible Payments To Meet Your Needs

Our management team has decades of experience in financial services, allowing us to understand your business’s needs at a glance. We can create bespoke payment systems and deliver fast, secure, and flexible merchant accounts that work for you.

We also offer batch and recurring payment systems, allowing you to simplify your account management and streamline payments to suppliers, employees, and beyond. In turn, you can focus on running your business and building new industry relationships.

Finally, our IBAN4U accounts also come with the XP White Debit Mastercard. The card greatly increases the utility of the account as it allows you to make payments in physical stores, online stores and you can even withdraw cash from ATMs.

A Seamless Customer Experience

We accept account applications from both EU and non-EU companies and we deliver fast account activation.

The application process is online, and our easy-to-use, web-based banking platform ensures you have 24/7 access to your funds. That way, you don’t have to worry about opening hours or long customer queues when trying to make payments. You also benefit from transparent account fees allowing you to manage your expenses ahead of time.

Our business-friendly customer acceptance policy as well as our specific experience, allows us to be considerate of businesses operating in high-risk industries such as online gambling, crypto and fintechs, CBD, and others. These are industries that are often fast-moving and often require specialized expertise.

Key Takeaways

FinXP is a leading payment and banking solution provider in Europe. It is a licensed financial institution based in Malta with branches in Germany and Cyprus. Our IBAN4U accounts offer a range of benefits including:
Fast account activation

With transparent fees and attentive customer service, we deliver top-tier payment and banking solutions to businesses in medium-to-high risk industries.

Open a Merchant Account Online with tailored support today

FinXP’s corporate IBAN account is a complete payment solution for a range of businesses, enabling easy cross-border payments.

Learn more about IBAN4U or have a look at our FAQs. If you’d like to open an IBAN4U account, please apply via our brief Enquiry form.

What Is PSD3 and When Will It Arrive?

Open Banking in Europe has come a long way since the European Commission's (EC) Second Payment Services Directive (PSD2) came into force in 2016. As a result, in May 2022, the EC published a targeted consultation to gather evidence for its review of PSD2 and inform its continuing work on open finance. 

As the EC begins its consultation of existing regulations, new legislation like PSD3 could soon come to the floor. 

PSD3, the next evolution of PSD2, will likely spur further innovation in payments, lending, insurance and more. As the new legislation emerges, many are wondering: what does PSD3 entail, when can we expect it to come into force, and how could it influence European financial services?

The Evolution of Financial Services in Europe

The first PSD, the EU Payment Services Directive, was implemented in 2007 to support the development of a single payment market in the European Union to promote innovation, competition and efficiency.

In 2013, the EC proposed an amendment to enhance these objectives — the PSD2.

PSD2 and the Birth of Open Banking

PSD2 came into force on 13 January 2018. The revised directive introduced new rules that would set the stage of Open Banking across Europe and the United Kingdom. 

For the first time in history, consumers had the legal right to access their accounts with European banks and fintechs, through third parties, which allowed them to see financial data or initiate payments by providing consent. 

Open Banking is revolutionising how individuals and businesses can use their financial data for their benefit. However, as new players and solutions enter the market, current legislation must be revised to ensure new payment methods are facilitated and regulated sufficiently. 

What is PSD3 and How Is It Different from PSD2?

The EC’s consultation over PSD2 assesses whether the directive is still fit for purpose and how it could be amended. As such, PSD3 could amend the current legislation to make payments faster and safer while aligning better with the EU’s legal framework.

While PSD2 has transformed the European payments landscape by fostering innovation and accelerating the development of new services and products, many stakeholders believe there are several issues that PSD3 need to address. 

The main consultation focused on two main areas: PSD2 and open finance.

PSD2 Targeted Consultation

The PSD2 Targeted Consultation covered topics that are important for Payment Service Providers (PSPs) and other firms with links to the payments sector to be aware of.

Areas of discussion included but weren’t limited to:

Open Finance Targeted Consultation

The questions in open finance consultation focused on:

When Will PSD3 Arrive?

The consultations are early steps in the European Commission’s review of PSD2 and do not constitute the EC’s final position or formal proposal. However, the nature of the questions likely indicates the key areas of focus, particularly in the PSD2 Targeted Consultation.

PSD3 is still early in the process. However, given the history of PSD2 being adopted in 2015 and made law by 2018, we could see the new directive formalised and adopted as early as the next 3-5 years.

How Does PSD3 Fit Into the EU’s Retail Payments Strategy?

The Retail Payments Strategy of the European Commission seeks to develop instant payments and EU-wide payment solutions that are cost-effective and that improve customer journeys.

Its key objectives include:

PSD3 could help facilitate cross-border payment solutions by creating more choice, more diversification, and strengthened resilience. Moreover, the updated directive could help ensure that the legal framework covers all important market players in the payments ecosystem, including technology companies. 

Protection against payment fraud is high on the agenda for the PSD3 consultations. As such, the new directive will likely help ensure top-level consumer protection, including instant payments. PSD3 will support the strategy’s objective to ensure wide adoption of the highest security standards.

PSD3 also aims to create a regulatory framework to unite the fragmented approaches currently adopted by different EU member states. The new regulations will therefore support the Retail Payment Strategy’s goal of facilitating cheaper international payments, adopting global messaging standards, and supporting links between payment systems in different jurisdictions.

In summary, PSD3 will be the next step in how the EU drives healthy competition within financial services markets, enhances trade and empowers consumers.

PSD3 at a Glance

PSD2 encouraged new innovations and growth in banking. Now, PSD3 could drive even more data sharing within additional financial service areas, such as investing, financial planning, and borrowing.

The fast-changing environment requires business leaders to keep up with new developments.

FinXP is a leading European payment and banking solution provider for companies operating in high-risk industries. The company has growing Open Banking capabilities via its Oracle Flexcube Core Banking System and through the tailor-made integration solutions our inhouse development team can create.

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