Memo Bank for finance departments
Automated transactions, reconciliation and risk management.
Secure the growth of your transaction volumes without increasing your headcount. Memo Bank replaces manual processes and legacy banking interfaces with a modern infrastructure (file imports, EBICS, premium API).
Accelerate your banking operations and optimize your cash flow.
Automate your transactions
Eliminate time-consuming processes and costly errors by fully automating your incoming and outgoing payments through our multi-award-winning Premium Bank API.
Manage your liquidity
You can allocate balance levels across your accounts across held in different banking institutions through instant transfers. You can also use our banking API to define and automatically transfer balances across each of the accounts held with Memo Bank.
Segment your financial flows
Create as many current accounts and virtual IBANs as you need. Fine-tune the segmentation of your financial flows and simplify bank reconciliation operations.
Collect your payments within 24 hours
Are you tired of transferring funds between your SEPA payment solution and your bank? Memo Bank’s solution features an integrated SEPA payment solution, enabling you to collect your payments directly into your bank account within 24 hours.
Reduce your liquidity gaps
Benefit from a 30-day advance on expenses with our corporate cards featuring deferred debit. Also, enjoy overdrafts of up to €500,000
Maximise your surplus cash
We offer a full range of interest-bearing solutions. Among these, our Money Market Funds (MMF) optimise the yield on your EUR and USD, from €/$1,000, with no cap. Funds are available within 24 hours.
Mitigate your financial risks
Identify and validate sensitive transactions
There are no trade-offs when dealing with security. You’ll receive instant notifications on your mobile to validate or to decline a transaction which requires your approval. Through our real-time capabilities, you can identify the status of each incoming and outgoing transaction, giving you the opportunity to detect any suspicious activities or potential errors on your accounts before any damage is done.
Identify suspicious beneficiaries with Memo Bank Protect
Whether via the interface or via API (Account Assessment), Memo Bank Protect evaluates fraud risks for your new beneficiaries: name and IBAN verification (VoP), fraud history, and more.
Block any outgoing payments from your accounts
With Memo Bank, you can prevent direct debits from happening on any IBAN. You can also create virtual IBANs to reduce your risk exposure.
Delegate your tasks with peace of mind
Define customised levels of access
With Memo Bank, you have full control over each of your employees’ access to your company’s bank accounts. Instantly create, modify, or revoke permissions.
Delegate payment processing
Delegate the payment processing to your teams, and approve the transaction before its execution. You will receive a notification every time a payment is about to be made : no funds will leave the current account until you approve the transaction. You can also create more complex validation rules based on amount levels and user profiles.
Streamline the expense management process
Manage employee expenses
For each employee, generate and configure virtual or physical cards, personalised and compatible with Apple Pay and Google Pay. Segment, track and manage each of your employees’ card expenses in real-time. Add your receipts from your Memo Bank mobile app or from our platform.
Meet your financial obligations
Don’t dip into your liquidity days in advance to meet your payments on time. Don’t put up with additional costs or low limits for issuing your instant payments. The default position at Memo Bank: standard SEPA credit transfers are processed much faster than the rest of the market, and instant SEPA credit transfers up to €100,000 are fee-free.
A company thrives through its teams
