Swan is a new French startup seeking to enable other businesses to offer financial services by issuing cards, bank accounts, and IBANs with just a few lines of code. The company can be considered a bank-as-a-service BaaS) platform.
Corporate customers can create accounts, IBANs, and Mastercards through Swan Bank, making them available to its customers.
Furthermore, the Swan Banking offering also takes care of regulatory requirements such as identity verification and fraud detection. Swan customers, therefore, do not have to manage these regulatory requirements themselves.
Swan emerged from the Paris eFounders program in 2019 and holds a French e-money license (under the number 17328).
We have not identified any complaints or issues around Swan and consequently include it in our “Green Compliance” list.