BaaS
Sublicensing
Obtaining a license takes month and involves a lot of red tape. Not every business has time and funds to do that. However, there is an alternative
- a competent supervisory EMD agent that can grant an e-money license. Many banking sottware platforms, including Crassula work together with firms and individual agents like that, releasing the burden of paperwork.
Virtual/Real IBAN generation
Baas platforms enable cross-border
transactions with their IBAN issuing capabilities.
They provide the infrastructure needed to create both virtual and real IBAN accounts with SWIFT integration. In addition to that, Baas providers offer multi-currency management tools to make operating in foreign markets happen.