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News & Blog Launch regulated
fintech products
API-Based
Payment Services
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One API for multiple payment rails -
Real-time fund transfers
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Reduces manual work and errors
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Scalable for high-volume fintechs
Automate payments across multiple currencies via one API connecting to SEPA, SEPA Instant, TARGET2, Visa Direct, and Mastercard MoneySend – subject to agreement with the Bank.
Virtual
IBAN Solutions
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Unique vIBANs per client, region, or transaction
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Full inbound payment traceability
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Instant issuance – from 1 to 1,000+ virtual IBANs in seconds
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Compliant with SEPA, SWIFT, and PSD2 standards
Launch fully operational payment accounts – without building your own banking core.
Safeguarding
Accounts
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Ring-fenced client funds, separated from business accounts
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PSD2 & EU regulatory compliance
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Support reconciliation and external audits
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Quick and simplified onboarding
PSD2-compliant safeguarding for licensed and pre-licensed EMIs, PIs, MSB and crypto firms.
Safeguarding client funds is not only best practice — it’s a legal requirement under PSD2. Balances can be held in EUR and other major currencies, subject to agreement with the Bank.
Overnight
Deposits
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Competitive daily interest rates
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Secure short-term cash placement
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Improves liquidity and treasury control
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Flexible roll-over based on demand
Flexible, short-term deposits that earn interest daily while keeping liquidity available for business needs.
Ensure your funds work for you every day, maximizing asset value and improving cash flow management.
Acquiring
Services
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Global card & wallet acceptance
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Instant merchant multi-currency payouts via Visa Direct and Mastercard MoneySend
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Supports recurring, one-click, and MO/TO payments
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Fully compliant with EU regulatory requirements
Accept card and digital wallet payments with Visa, Mastercard, Apple Pay and Google Pay – available exclusively to EU-licensed companies.
Transparent &
competitive fees
Magnetiq Bank applies a transparent pricing structure aligned with transaction volume and service scope.
Compliance
at the Core
Unlike technology-only BaaS providers, Magnetiq Bank is a fully licensed credit institution. Your funds are protected by the same standards as a central bank-supervised entity.
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Operate via EU banking license
Magnetiq Bank operates under a full European Union banking license, enabling our partners to deliver regulated financial services across the EEA. We provide the regulatory foundation fintech companies need to scale securely and confidently within the EU framework.
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Audit-ready transparency
Our infrastructure is built with full traceability and reporting at its core. Clear transaction records, structured data access, and robust documentation ensure operational transparency and simplify internal and external audits.
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Central bank oversight
As a licensed credit institution, Magnetiq Bank operates under direct supervision of the relevant European regulatory authorities. This oversight ensures strong governance, risk management discipline, and adherence to strict prudential standards.
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PSD2 conformity
Our systems and processes are fully aligned with PSD2 requirements, supporting secure payment initiation, strong customer authentication (SCA), and open banking standards, enabling compliant and future-ready financial services.
Quick integration
with our API
Focus on growth – not integration. Focus on growth – not integration.
A trusted banking
partner for innovators
Licensed, experienced, and trusted – powering the next generation of financial products.
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Principal Members
Direct principal membership with SWIFT, Visa, and Mastercard.
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Ecosystem Hub
Active member of key regional fintech and financial industry associations across the Baltics and Poland.
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15+ Years of Expertise
Over 15 years of experience in fintech and e-commerce banking solutions.
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EU Bank – Fully Licensed
Licensed EU credit institution operating under direct regulatory supervision.
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€34.8M Capital & Reserves
Maintained capital and reserves in line with regulatory requirements to safeguard client assets.
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Financial Strength
Capital adequacy ratio of 38.7%, ensuring stability and long-term resilience.
Questions
you may have
What is Banking as a Service (BaaS)?
BaaS is a model that allows non-bank businesses to offer financial services by integrating bank products through APIs. It enables companies to provide banking-like services without becoming a licensed bank.
How BaaS model works?
BaaS allows non-banking businesses to offer financial services through licensed banks. Unlike traditional banking, where only banks provide services, BaaS enables companies—like fintechs or retailers—to integrate banking features directly into their products. This model opens up new revenue streams for businesses while letting customers enjoy seamless financial solutions, such as payments, loans, and digital wallets, without leaving their favorite platforms. Magnetiq Bank BaaS model supports this integration, offering a flexible and compliant way for businesses to deliver essential banking services.
What do you get with Magnetiq Bank BaaS solution?
Magnetiq Bank BaaS offers customizable banking tools such as payment processing, account management, all accessible through secure APIs.
What is BaaS for?
BaaS is ideal for fintech’s, startups, e-commerce platforms, and companies looking to integrate financial products into their offerings.
What benefits do BaaS providers offer to their clients?
BaaS providers let businesses embed financial services without becoming banks themselves. Magnetiq Bank offers licensed EU infrastructure, APIs for payments and safeguarding, and regulatory expertise — helping clients launch faster and grow with confidence.