Forrester notes the capacity of the disruptors to “make payments faster, cheaper and easier”, whether domestic or international and recognises iBanFirst’s PaaS model.
Paris, 14 January 2020. iBanFirst announced today that in a February 2019 report “The Digital Disruption of Small Business Banking”, Forrester identifies the scale-up as one of the disruptors of the banking universe, which could at last divert SMEs from traditional banking systems. This announcement comes while iBanFirst strengthened its European network with strategic acquisitions in the Netherlands, then Germany.
In its report “The Digital Disruption of Small Business Banking”, the research firm Forrester wonders about the relevance of the services offered by banks to SMEs: not very innovative, poorly calibrated to the needs of small structures, they seem today to suffer from gaps that the disruptors hasten to fill. Among this new generation of players, iBanFirst, a platform specialising in transactions multi-currency dedicated to businesses, offers a cheaper, faster and business-centric approach client than historic institutions, to become the ally of SMEs. The document notes the capacity of the disruptors to “make payments faster, cheaper and easier”, whether domestic or international, and recognises iBanFirst’s PaaS model.
Pierre-Antoine Dusoulier, CEO and founder of iBanFirst, commented on this distinction: “We are delighted with this recognition which we believe honours our approach, centred on technological intelligence for the benefit of customers. SMEs need services and innovations commensurate with their challenges, and our ambition is to remain their ally in their daily transfer issues. We have taken a route that the banks have not yet decided to follow: our offer goes beyond banking services, which propels us into a golden age while banks remain set in Stone Age.”
iBanFirst is a global financial services provider delivering solutions across banking borders. iBanFirst provides a specialist online platform for multicurrency transactions. As an alternative to the traditional bank offer, iBanFirst enables a payment experience and package of financial services addressing the needs of SMEs in their daily operations.
Thanks to iBanFirst, financial teams can pay and receive payments in any currency, hedge foreign exchange risks, finance their international growth.
Founded in Paris in 2013, at a stone’s throw from the Champs-Élysées, by former bank executives and entrepreneurs, iBanFirst is a French company headquartered in Belgium, with operations in France, the Netherlands and Germany. It is regulated as a payment institution passported throughout the European Union and serves more than 3 000 customers all over Europe. Member of the SWIFT network and SEPA homologated, iBanFirst holds AISP and PISP accreditations under PSD2. It has raised €25m from Xavier Niel and leading European venture capital funds Serena and Breega.