Virtual IBANs empower businesses to efficiently manage payment routing and reconciliation while adapting to specific needs. Unlike traditional accounts, Virtual IBANs are designed solely for collecting payments and act as proxy accounts linked to a single master account. This structure enables streamlined operations by facilitating automatic payment identification and reconciliation. Using Virtual IBANs, you can […]

The financial services industry is no stranger to trending technologies, with the last few years dominated by concepts like Embedded Finance or Open Banking. Now that the sector has grown more accustomed to the idea of an integrated, open finance system, the “next big thing” we see emerging is encapsulated payments.   What are encapsulated […]

Hyperconnectivity has become imperative for ERPs. In light of the roll-out of new EU e-invoicing regulations in countries like Spain, players that embrace and implement hyperconnectivity first can strategically position themselves to reap the operational benefits before new regulatory rules come into full force. The necessity of hyperconnectivity for modern ERPs Benefits for ERPs Hyperconnectivity […]

The fall air may be cooling, but we’re heating up for our next release of new products and features across the entire Powens Group. Check out our latest innovations in Open Finance and Embedded Banking.   Virtual IBANs revolutionize reconciliation: Unnax’ new Embedded Banking capability Available for Spanish IBANs We’re expanding our IBAN capabilities! Virtual […]

The EU’s Consumer Credit Directive 2 (CCD2) imposes several new regulatory requirements and expands the directive’s regulatory scope to include online and digital microlenders. One major change introduced in CCD2 revolves around creditworthiness assessments. For microlenders in Spain, understanding how to perform creditworthiness assessments according to the new consumer credit law standards is essential for […]

  Alquiler Seguro boosts the profitability of the Spanish property renting market by acting as an intermediary between landlords and their tenants. Over the past 13 years, Alquiler Seguro has achieved a 0% default rate, guaranteeing timely payments for landlords on the 5th day of each month. For tenants, Alquiler Seguro helps streamline the application […]

When powering financial solutions for your clients, can you offer a seamless bank reconciliation? Bank reconciliation is often a complex process prone to human error. Simplifying this process requires flexible solutions like IBANs and Virtual IBANs, which can greatly benefit businesses like financial software vendors, subscription services, utility companies, and other service providers by allowing […]

The EU’s Consumer Credit Directive 2 (CCD2) has its sights set on digital microlending. As the second iteration of the EU’s CCD regulation, CCD2 revises credit agreements for consumers and legally clarifies rules regarding digital credit products. Per the Spanish Presidency Council of the European Union, the new directive aims to achieve three goals: Simplification […]