Narvi

Description

Narvi is a licensed electronic money institution from Finland that develops globally relevant banking solutions with the most modern, cutting-edge technology. This financially licensed institution develops its own technology to provide seamless online onboarding for opening corporate bank accounts, complete with individual IBANs, multi-currency support, and real-time account onboarding. The boutique financial service is in an even more advantageous position for specific sectors, such as iGaming, which profits a lot from the pace and safety of international transactions.

Now, let’s delve deeper into what Narvi offers and how it is revolutionising international business banking.

Company Overview

Hailing from Helsinki, Finland, Narvi introduces Nordic design and reliability to the financial world. A fully licensed EMI and under the supervision of FIN-FSA, Narvi also has a passporting right across 29 European countries for serving business customers with local accuracy.

Narvi provides BaaS, thus enabling any company to embed finance over an open API. Supported by its proprietary platform for fast SEPA payments, SWIFT transactions, and blockchain-based payments, the crypto OTC desk further extends its offering with the ability to efficiently manage complex FX and digital assets with ease.

Narvi provides a fully digital onboarding process, opening an account in less than 10 minutes. Narvi has a dedicated support team, so every step is seamless and personal if needed.

Banking Platform and Features

Narvi’s platform is a full-spectrum business banking solution. With multi-user access, intuitive design allows companies to operate all accounts from one single dashboard.

Dedicated IBAN Accounts

Businesses can open dedicated IBANs to receive and make transfers all over the world securely and swiftly.

• Instant SEPA Transfers: Payments within Europe are processed in real time.
• Treasury Desk: International payments, FX conversions, crypto transactions.
• SWIFT Network Support: Narvi provides access to more than 100 countries with more than 75 currencies.

Fast Digital Onboarding

Narvi’s onboarding is completely online, and setting up an account is as easy as one-two-three:

1. Create a user account.
2. Fill out a quick questionnaire and upload some company documents.
3. Verify your ID online.

Banking-as-a-Service (BaaS)

Narvi’s open API lets companies build custom financial solutions fast. Without any long integration process, businesses can get instant access to financial instruments.

• API access: Available since day one.
• Licensing coverage: Narvi conducts regulatory compliance themselves; thus, additional licenses are not required.
• Smooth KYC and compliance: Narvi takes care of all background checks and regulatory paperwork.

Treasury Desk and Crypto Support

Narvi’s Treasury Desk offers broad global payment services and FX conversions. 

For businesses: multicurrency transactions can be dealt with ease, and crypto markets are accessible via the OTC desk.

Networks supported: SWIFT, UPI-India, PIX-Brazil, and blockchain networks.
Cryptocurrency: BTC, ETH, USDC, etc.

Security and Compliance

Narvi places much emphasis on security, allowing for a range of extended capabilities, from biometric authentication and verification via hardware key. Of course, one can lock accounts with devices like Yubico, Trezor, or Ledger for the highest level of security.

What’s Coming

Narvi keeps adding to its repertoire. Some of these are:

• Borderless Debit Card: Connect seamlessly with accounts for international payments (coming soon).
• Multi-Currency IBANs: Receive payments directly in various currencies, including but not limited to EUR, USD, and GBP (coming soon).

Final words

With its unique online platform and simplicity inspired by the Nordic states, Narvi offers a fresh way of thinking about business banking. Be it operating complex foreign exchange requirements or integrating banking services via APIs, Narvi arms the businesses to scale globally in the right direction.

At Narvi, seamless onboarding, a dedicated support system, and future-ready features like multi-currency IBANs and crypto services come standard. Narvi is one’s trusted partner in modern business. Get started with Narvi today for instant and reliable international banking.