Planned — subject to authorisation and implementation

Dedicated and virtual IBANs

Planned dedicated and virtual IBAN structures for collections, segregation and reconciliation.

Category

Payments

Availability

Planned

Delivery

Fintech Meta and/or partner

Required controls

  • Account permissions and roles
  • Attribution of incoming funds
  • Segregation of flows by programme

Dependencies

  • Safeguarding structure
  • Double-entry fiat ledger

Purpose

Dedicated and virtual IBANs allow businesses to collect and organise euro flows with clear attribution and segregation.

Planned capability

Issuance of dedicated and virtual IBANs, attribution of incoming funds and segregation of flows by programme.

Primary users

Businesses collecting euro across products, brands or clients.

Required controls

Account permissions and roles, accurate attribution of incoming funds and segregation of flows.

Dependencies

Depends on safeguarding and the fiat ledger.

Delivery model

Expected delivery: Fintech Meta infrastructure and/or an approved specialist partner, with Fintech Meta retaining the oversight required by the final operating model.

Audit evidence

Account issuance records, attribution logs and statements.

Regulatory considerations

Available only once the relevant authorisation is obtained.

Availability

Planned — subject to authorisation and implementation.