Ideas for the Mambu Banking Engine

Generate IBAN at account creation

What: Generate IBAN when an account is created in the system.

Why: IBAN is mandatory for payments to accounts within the Single Euro Payments Area (SEPA) by SEPA Credit Transfer, for SWIFT payments to countries in the European Economic Area and for SWIFT payments to some countries, in order to make international payments automatically.

Banks are responsible to generate the IBAN for the accounts they are servicing, according to European Committee for Banking Standards.

  • Ancuta Covaci
  • Feb 22 2017
  • Attach files
  • Avatar160.e35e46fe62a53e488ef9451dd1d3432e