Virtual IBANs in conjunction with an Omnibus Account let you manage all incoming payments in real time with a high degree of automation.
You can create separate virtual IBANs for each user or purpose, making your payments fast, transparent, and fully automated.
Pain point: Limited segregation of customers when using a traditional bank account to receive a large number of payments
Our solution: Dedicated virtual IBANs per client or purpose for full visibility and traceability of every payment
Pain point: High manual reconciliation effort of received payments and ultimate beneficial owners
Our solution: Fully automated reconciliation and real-time allocation of incoming transfers — zero manual intervention
Pain point: Decreased speed of crediting customers
Our solution: Instant payment identification and allocation via real-time automated payment flows
Pain point: Slow onboarding processes with traditional banks restrict operational growth
Our solution: Immediate access to virtual IBANs at scale through a single API integration
Single centralized account held at YAPEAL (safeguarding of CHF-funds at the Swiss National Bank)
Allows for pooling funds from multiple individual sources
Standard Swiss virtual IBAN format
Serves as unique identifier for routing purposes
Enables fully automated reconciliation
Allows for providing dedicated virtual IBAN to each client or purpose
The Omnibus account lets you pool funds from multiple sources into a single centralized account, while virtual IBANs give each client or purpose a unique number for their payments.
This means every incoming transfer can be automatically identified and allocated in real time, without opening separate accounts for each client or purpose.
Our solution is ideal for businesses handling a high volume of payments.
Optimize your payment processes through automatic reconciliation and reduce manual workload. Improve the user experience with real-time information and a modern platform, increase trust through dedicated virtual IBANs, and scale with immediate access to virtual IBANs through a single API integration.
Automation of incoming payments, tracking invoices and settlements without manual intervention for businesses with high volumes of transactions.
Faster processing
Reduced errors
Real-time visibility of cash flow
Finance and HR teams can now manage employee expenses and payroll in one seamless system, streamlining reimbursements for expenses with salary processing.
Simplified administration of expense repayments
Accurate repayments of expenses through omission of manual matching
Increased visibility of employee costs
Businesses that rely on flexible, on-demand talent get a service that enables freelancers, contractors, and gig workers to receive payments immediately after completing their work.
Improved cash flow management
Increased worker satisfaction
Decreased error rate of payment processing
b-Sharpe was facing growing operational challenges. Each client needed a dedicated CHF account. Yet without nominative Swiss IBANs, incoming funds were often hard to attribute. Payments sometimes arrived without references, support tickets increased, and reconciliation turned into a time-consuming manual task.
b-Sharpe integrated our YAPEAL Omnibus Account solution with instant CHF virtual IBANs, offering regulatory compliance with FINMA and AML alignment. The solution features an API-first architecture with webhook-based reconciliation, seamless integration, clear documentation, and responsive technical support.
~95% reduction in manual reconciliation work. Drastic drop in support tickets related to payment uncertainty. Faster onboarding and a cleaner customer journey. End-to-end automation of incoming CHF flows.
We weren’t just buying a product, we were embedding an infrastructure that had to match our own compliance and tech stack. YAPEAL delivered on both.
Jean-Marc Sabet
CEO and founder of b-Sharpe
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Accounts |
Cards |
Payments |
Identification / KYC |
Monitoring & reporting |
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Automated Instant Payment Flows |
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Learn more about our Omnibus & Virtual IBANs solution
YAPEAL holds a fintech license by the Swiss Financial Market Supervisory Authority (FINMA) and is regulated under the Swiss Federal Banking Act. Art. 1b.
We are certified as a Swiss Made Software, under the ruling of Swiss Federal Institute of Intellectual Property.
YAPEAL keeps your Swiss franc deposits in a segregated account with the Swiss National Bank. Disclaimer: Deposit protection according to Art. 7a BankV is not guaranteed.