The blog

13 April 2022 Technology

5 key steps for launching a fintech company

If there’s one industry that seems to have weathered the pandemic and economic crisis fairly well, it’s the fintech industry! In 2021, European fintech companies raised more than 125 billion euros (2.8 times more than in 2020)! Since the European Union implemented the Second Payment Services Directive (PSD2) in 2015, the landscape has changed dramatically … Continued

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25 January 2022 Technology

Treezor featured in Finextra Open Banking Europe 2022 report

Treezor, Banking-as-a-Service leader regulated in 25 countries, has been featured in “Open banking Europe 2022 – What’s next for open banking?”, a report produced by Finextra, the financial technology news outlet, and in association with Worldline.  The report, which can be downloaded here, analyzes the development of open banking initiatives through interviews with several major … Continued

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20 January 2022 Technology

Open Banking, a 21st-century banking system

On November 25, 2015, European authorities adopted the second Payment Services Directive (PSD2) to boost the banking sector and increase competition between banks by offering consumers more freedom in choosing their bank(s) and financial partner(s). The advent of open banking and the idea of sharing banking data and information about transactions has ushered in a … Continued

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18 January 2022 Technology

What is Banking-as-a-Service?

Banking-as-a-Service – generally abbreviated as BaaS – follows the same logic as Software-as-a-Service, Mobility-as-a-Service, and Blockchain-as-a-Service: a subscription-based model which can be adapted to the services used by the customer. Banking-as-a-Service provides a different solution to traditional banking software and tailors to the needs of companies wishing to offer banking services. By leveraging three pillars … Continued

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11 January 2022 Regulatory

The KYC process: why verify a customer’s identity?

Why do we ask for so much personal information during the KYC process? Individuals and companies often wonder about this. The term used in the payments industry and in the banking world is KYC. This is a necessary and indispensable process for any financial institution. KYC or Know Your Customer (the term KYB for Know … Continued

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4 January 2022 SEPA

How do SEPA transfers work?

There are several types of bank transfers and they are always based on an interbank network. Within the Single Euro Payments Area (SEPA), transfers are called SEPA transfers, and international transfers are called SWIFT transfers. There are two types of SEPA transfers. Both of them include the term SCT (SEPA Credit Transfer): SCT – standard … Continued

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28 December 2021 Technology

The various services of Banking-as-a-Service

Banking-as-a-Service covers all services traditionally offered by a bank. For example, Treezor helps you manage the entire payment chain: from issuing cards to creating digital wallets, to issuing IBANs and to managing mobile payment solutions. This can also include other payment methods, such as credit or check collection. In addition, BaaS platforms allow you to … Continued

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21 December 2021 Regulatory

What are the various stages of the KYC process?

KYC (which stands for Know Your Customer or Know Your Client) refers to the protocol for verifying the identity of a client, physical person or corporate entity (KYB, which stands for Know Your Business, is also used). This process plays an essential role in the verification of users’ and companies’ identity in order to prevent, … Continued

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5 October 2021 Technology

Treezor identified as leading Banking-as-a-Service “Transformer”

Treezor, leader in Banking-as-a-Service regulated in 25 countries, has been listed as a ‘Transformer’ amongst other Banking-as-a-Service (BaaS) providers in the Aperture market report about BaaS and embedded finance. The 2021 report from Swiss strategy consultancy aperture entitled ‘EMBEDDED BANKING – The Opportunity and the Providers Best Placed to Help Companies Capitalize on It’ analyzes … Continued

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3 September 2021 Technology

Treezor establishes itself as a core banking key player for payment institutions

Shine, one of Treezor’s longtime clients registered as a payment services agent, recently announced this Fall that it has obtained its license from the ACPR (French regulator) to become a payment institution. The Fintech, which is a leader in banking services for freelancers and very small enterprises, is entering the field of regulated players. This … Continued

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10 January 2021 SEPA

List of SEPA member countries

SEPA (Single Euro Payments Area) refers to a single euro payments area, the aim of which is to harmonise means of payment (direct debit, payment, bank card) in 36 European countries and territories. SEPA was developed by the EPC (European Payment Council), which brings together European banks and their respective federations. This initiative was born … Continued

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7 June 2017 SEPA

What is Instant Payment?

Instant Payment is a new European means of payment, available to individuals and businesses from 2018 onwards, which enables instant bank transfers (approximately 10 seconds). Instant Payment is a project that has involved many European institutions since 2015, including the European Retail Payment Board (ERPB), the European Payment Council (EPC) and the European Banking Authority … Continued

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27 March 2017 Regulatory

Electronic money: everything you need to know

E-money facilitates the emergence of new payment solutions and may soon replace more expensive means of payment. The European Parliament and the Council adopted Directive 2009/110/EC of 16 September 2009 to foster the development of electronic money. This new legislation, which will be transposed into French law in 2013, puts an end to banks’ monopoly … Continued

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16 February 2017 Regulatory

KYC procedures: Client identity checks

The Know You Customer procedure is one of the measures put in place as a result of European directives. It is mandatory for banks and electronic money institutions such as Treezor. Payment supervision and responsibilities of payment service providers A licensed electronic money institution offers the possibility to store money, but also to carry out … Continued

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14 February 2017 Technology

Contactless payment with NFC technology

Contactless payment is a fast payment method that allows you to pay for a purchase with your CB or smartphone without having to enter a secret code or signature. Thanks to NFC (Near Field Communication) technology, you can now do without traditional card readers, which required to be connected to a fixed telephone line to … Continued

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5 February 2017 SEPA

SEPA Direct Debit: SDD Core

The SDD Core Direct Debit applies to all payers and is mandatory for banks in the SEPA zone. Introduced on 1 August 2014, the SEPA Direct Debit does not pass through card networks but is bank-to-bank, thus reducing transaction costs. The SEPA SDD Core is a payment instrument used for one-off or recurring payments within the … Continued

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3 February 2017 SEPA

SEPA Credit Transfer: SCT

The SCT (SEPA Credit Transfer) was launched in January 2008, with the aim of replacing national credit transfers within the SEPA zone. The transition to SEPA strengthens the single market and facilitates the development of trade in Europe. Indeed, the SEPA Credit Transfer is based on the harmonisation of money transfers in terms of pricing, … Continued

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20 January 2017 SEPA

The SEPA SDD B2B Debit

The SEPA business-to-business direct debit, also known as SEPA B2B or SDD B2B, is intended for professionals. It enables a single or regular euro invoice to be paid in euros, with no upper limit on the amount, to a creditor within the SEPA zone, and to set up a payment schedule if necessary. Since 1 … Continued

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3 January 2017 SEPA

The sepa creditor identifier

The SEPA Creditor Identifier (SCI) is necessary and mandatory for a company to collect direct debits from its creditors in the SEPA area. The SCI is a unique and unchangeable number that identifies the issuer of the direct debit. Definition of the SEPA Creditor Identifier The SEPA Creditor Identifier is a unique and mandatory reference … Continued

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28 October 2016 Technology

The BIN sponsor role

Discover the main missions and the role played by BIN Sponsorship companies, such as Treezor, to support their customers in their payment card issuing project. What is BIN Sponsorship? On a credit card is usually 13 to 16 digits, called the PAN (Primary Account Number), which correspond to the customer’s account number. It represents a … Continued

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29 July 2016 Regulatory

The new regulatory framework for marketplaces

Marketplaces have become key players in e-commerce: wide choice of multi-brand products, competitive prices… A short reminder of the essential information and the next legal framework that will surround the online payment of Marketplaces. A sales model in full boom The Marketplace is a platform for sales, services or announcements. Its objective: to put a … Continued

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