Use case
Safeguard the funds entrusted to you
Memo Bank works with financial intermediaries — payment institutions, e-money institutions, ACPR-exempt entities (Position P-2022-01), neobanks, credit servicers, and others — to keep their operations compliant. We're a credit institution, licensed by the ECB and supervised by the ACPR. That means we can help these players protect and segregate the funds they collect on behalf of third parties. And we give them the tools to run their day-to-day transactions instantly, securely, and on their own terms.
Where regulatory requirements meet financial efficiency
Memo Bank is authorized to open safeguarding accounts. These accounts ring-fence your customers' money: it stays separate from your own balance sheet and out of reach of your other creditors. The funds are also covered by the FGDR, France's deposit guarantee scheme. Each safeguarding account comes paired with a settlement account, used to execute the payment operations your customers initiate or receive. Memo Bank also helps you manage and grow your liquidity. The result: you stay compliant and run your finances efficiently — without juggling extra tools, costs, and banking partners.
Run your control processes more efficiently
Safeguarding funds demands full transparency. That means traceability, transferring funds within 24 hours of collection, regular reporting, and more — both internally and toward your external stakeholders.
Several of these contractual aspects are configured directly in our safeguarding and settlement accounts: access rights, stakeholder profiles, controls, and the way your transactional data is used and overseen.
Process your customers' transactions through the Premium API
Plug our Premium API into your own systems and handle your customers' transactions straight from there. The API lets you execute their instructions by debiting and crediting funds across the safeguarding and settlement accounts, while keeping reconciliation simple. Errors and processing delays disappear — without putting any extra strain on your team, your budget, or your tech stack.
Granular reconciliation of incoming and outgoing payments with virtual IBANs
Virtual IBANs deliver precise, granular reconciliation across your safeguarding and settlement accounts — whatever the frequency, volume, or amount of the transactions you process. They're available for both outgoing and incoming payments, and you can generate them instantly with no volume cap, either from your Memo Bank portal or via our banking API. And in a context where cyberattacks are increasingly common, virtual IBANs add a real layer of protection for your business.
Safeguarding funds and our environmental commitment
Funds held in safeguarding accounts increase a bank's capacity to create money and extend credit. By choosing us as your banking partner, you can be confident that your funds aren't financing the development or operation of fossil fuel infrastructure. What's more, with an LCR of 477% and a CET1 ratio of 50%, you're partnering with a solid bank.
Who is it for?
01Payment institutions
02E-money institutions
03ACPR-exempt entities ("limited network of acceptors" and "limited range of goods and services")
04Credit servicers
05Amicable debt collection agencies
06Investment firms
07Clearing houses
08Neobanks
