Kyriba Integration

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<aside> ⚙ Kyriba provides seamless integration with Fipto, where Fipto functions as a standard payment account. Clients benefit from stablecoin payment properties without directly interacting with crypto, Fipto handles the digital currency conversion on their behalf. Similar to standard bank transfers, clients pay in Euro, and counterparts receive Emerging Market Currency (cf. supported Currency List). All that is needed is to add bank connectivity to Fipto. The Fipto App will be available in Kyriba’s Marketplace by the end of August.

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Benefits

While the usual Kyriba configuration applies, Client gains exclusive benefits with Fipto.

<aside> 🟰 [KYRIBA BENEFITS]

➡️ Unique account / third party information

➡️ Fraud detection

➡️ Reporting

➡️ Bank reconciliation

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<aside> ➕ [KYRIBA + FIPTO BENEFITS]

✅ FAST EXECUTION - 10 to 30 minutes on average

✅ TRANSPARENCY / PREDICTABILITY - 100% transparent, predictable credited amount

✅ ATTRACTIVE PRICE - Defined during the qualification phase, more information here

✅ NO NEED TO CONNECT TO SWIFT - Access local payment rails, beneficiary bank does not need SWIFT integration

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Payment Process

<aside> 1️⃣ [ONBOARDING]: Client gets onboarded with Fipto. He opens a Euro account and deposit funds.

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<aside> 2️⃣ [PAYMENT]:

Client selects its Fipto EUR account and initiates a payment, just like a classic bank transfer.
Fipto converts the EUR in digital currency, initiates a transfer to Fipto’s Partner and converts the digital currency into the target currency.
Fipto’s Partner credits the Beneficiary’s account in local currency. </aside>

<aside> 3️⃣ [POST-PAYMENT]: Client gets access to FX rates, statement reports and a view of balances held on Fipto in Kyriba.

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Screens

Integration Screens