Take back control. Switch to Memo Bank
Antoine Bordalis
Chief Financial Officer of Comet
Memo Bank:
Embracing tradition,
revolutionising banking.
Changing the French banking landscape
The indisputable reputation and expertise of your banking partners are unquestionable. However, your banks have fallen behind in embracing technological innovations. Banking systems predominantly evolve in response to regulatory requirements (PSD2, GDPR, Basel, etc.) rather than market innovations such as end-to-end automation through APIs or real-time management of transactions.
Memo Bank addresses the lack of innovation and agility seen in traditional banks, restoring control, autonomy, and security in managing cash flows.
A reliable, modern, and responsible commercial bank
We are an independent French bank regulated by the ACPR. Our financial ratios exceed the thresholds set by Basel III regulations. With dedicated account managers providing long-term support, we cater to businesses ranging from €10 million to €100 million in sales. Responsibility is at our core; being a bank and being responsible are inseparable.
Going beyond your expectations
Your expectations
The traditional bank’s answer.
Memo Bank’s
answer
End-to-end automation through API
A traditional banks' answer
Lack of a modern, and comprehensive API
- APIs to fully automate transactions do not exist
- Most APIs are just covering Open banking requirements
- API documentation is difficult to understand
- Turning to fintech’s APIs is multiplying costs, partners, and risks
Memo Bank's answer
One API with a wide range of applications
- API to automate transactions and to manage accounts
- Scalable and secure API that go beyond Open banking requirements
- Clear and accessible documentation
- Versatile and modern API that eliminates risk and reduces costs
Sound expense management
A traditional banks' answer
Little autonomy or flexibility in managing commercial cards
- Cards cannot be generated and managed online
- Non-nominative cards
- Capped cards
- Deferred debit (BNPL) rarely available
- Physical cards remain the default format
- Turning to other tools to manage receipts or expense report
Memo Bank's answer
Access to an integrated expense management module
- Cards generated and managed online
- Nominative cards
- Uncapped payment thresholds
- Deferred and instant payments via the same card
- Virtual or physical cards compatible with Apple Pay and Google Pay
- Simplified management of card payment receipts (OCR technology, etc.)
Optimisation of your banking fees
A traditional banks' answer
Unclear and variable fees
- Complicated pricing structures, combining fixed and variable fees for the same product
- Banking fees and fintechs fees are piling up
Memo Bank's answer
Transparent and predictable fees
- One pricing point for managing your transactions and liquidity.
- Subscription-based pricing. Fixed pricing
Moderne, flexible and scalable banking technology
A traditional banks' answer
A technology unable to fully manage your needs
- Legacy banking architecture
- Lack of autonomy to access all banking services
- Customer experience varies according to the tools used
- Slow processing of your transactions
Memo Bank's answer
Cutting-edge technology to manage all your needs
- New, agile, and scalable banking architecture
- Autonomy in activating and using products and services
- One (outstanding) customer experience
- Real-time transaction banking management
Protect and optimise your liquidity
A traditional banks' answer
Sub-optimised liquidity
- Liquidity impacted by excessive charges
- Time deposits, savings accounts and additional current accounts cannot be opened online.
- Penalty when making full or partial withdrawing on a time deposit account
- Liquidity gaps resulting from delays in collecting payments
Memo Bank's answer
Optimised liquidity
- No transaction commission or variable charges
- Time deposit account, savings accounts and additional current accounts can be opened and managed online
- No penalty when making full or partial withdrawals on a time deposit account
- Collecting payments within 24 hours
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Liquidity => Protected and optimised
-
Employees expenses => Integrated and streamlined process
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Banking fees => Fixed, minimised, and predictable
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Banking API => End-to-end payment automation
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KYC procedures => Modern and quick
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Relationship managers => Helping you all along the way
