PSD2 and Open Banking
Kernolab solution is fully PSD2 compliant and has open access to consumer banking, transactions, and other financial data from banks and non-bank financial institutions through the use of application programming interfaces (APIs).
Customize rules and settings for the transaction screening including assessing historical/current customer information and interactions to provide a complete picture of customer activity. This can include transfers, deposits, and withdrawals.
Customer identity verification
At Kernolab we take compliance very seriously; thus, we selected best partners to assure seamless onboarding, straightforward reporting, and account management.
With flexible prices, you can prioritize a fast send with a higher fee or look to optimize your transaction with the lowest cost. And you can easily change this with each transaction once you toggle the adjustable prices set. Set different pricing per risk level, group type, or individual client.
Open segregated account nested under a larger account, that will give ability to allocate funds to the things that matter.
Currency exchange with adjustable rates
Making international payments easy for you and your supplier. Simple; Secure; Rewarding. Pay international suppliers, overseas offices or contractors, or move funds between your corporate accounts in 30+ currencies. Increase or reduce margins based on the client type, group or any preference.
Ability to issue own IBAN account to the registered clients. The IBAN’s are released on demand and can be reserved via API or manually via the Online Banking portal.
Internal transactions by wallet number, email, or phone number
Internal payments will allow registered users to send and receive payments in seconds, any time of the day, weekend, or holiday. Collect, process, and send payments in real-time.
Incoming & outgoing SWIFT transfers
Gives the ability to initiate and receive international transfer sent via the SWIFT global payment network. The SWIFT global payment network is one of the largest financial messaging systems in the world. With integrated partners, users can send or receive over 30 currencies via SWIFT payment.
Incoming & outgoing SEPA transfers
Having direct access to SEPA will allow users to make cashless euro payments – via credit transfer and direct debit – to anywhere in the European Union, as well as a number of non-EU countries, in a fast, safe and efficient way.