Crassula

Crassula is a white label banking-as-a-service (BaaS) software solution offered by CRASSULA SIA. It allows companies to build and launch their own digital banking platforms. According to the vendor, Crassula provides a comprehensive suite of tools and features for managing accounts, payments, transfers, card issuing, compliance, and more. The software is designed to cater to a wide range of financial institutions, including challenger banks, payment institutions, electronic money institutions, and credit unions. Professionals and industries such as financial institutions, fintech companies, banking and finance professionals, payment service providers, and technology companies can benefit from the capabilities of Crassula.

Key Features

Virtual IBAN: According to the vendor, Crassula enables the generation of virtual International Bank Account Numbers (IBANs) for managing multi-currency accounts, facilitating seamless transactions and transfers.

SEPA payments: The vendor states that users can initiate and manage SEPA (Single Euro Payments Area) payments through Crassula, ensuring fast and secure euro-denominated transfers within the SEPA region.

Faster Payments: Crassula supports the Faster Payments scheme, allowing for near real-time electronic transfers between participating banks in the UK, as claimed by the vendor.

Visa and Mastercard card issuing: According to the vendor, users can issue branded physical or virtual Visa and Mastercard cards using Crassula's platform, providing customers with convenient payment options.

FX (Foreign Exchange): Crassula offers foreign exchange capabilities, providing access to real-time FX rates and enabling seamless currency conversions for international transactions, as claimed by the vendor.

Back office management: According to the vendor, Crassula provides a comprehensive back office management system, empowering users to efficiently handle client profiles, transactions, fees, and verification levels, giving them control over various aspects of their banking operations.

Mobile apps and web interfaces: The vendor states that Crassula offers user-friendly mobile apps and web interfaces that facilitate a fully digital account opening process, mobile banking functionality, and card management tools, ensuring easy access to banking services.

Compliance solutions: Crassula offers robust compliance solutions, including AML (Anti-Money Laundering) and KYC (Know Your Customer) onboarding tools, according to the vendor. These features help ensure regulatory compliance and mitigate financial risks.

Integration with infrastructure partners: The vendor claims that Crassula integrates with infrastructure partners such as Railsr and Clear.Bank, providing users with a complete set of global financial capabilities and leveraging the infrastructure and licensing of these partners for their banking operations.