EST. 2012 CODEGO GROUP LTD · MALTA BANKING AS A SERVICE LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CURRENCIES PCI DSS CERTIFIED 2025 API FIRST · WEBHOOKS 79 COUNTRIES DEPOSITS MULTI-CURRENCY · 12+ FIAT $1.1BN PROCESSED 2025 EST. 2012 CODEGO GROUP LTD · MALTA BANKING AS A SERVICE LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CURRENCIES PCI DSS CERTIFIED 2025 API FIRST · WEBHOOKS 79 COUNTRIES DEPOSITS MULTI-CURRENCY · 12+ FIAT $1.1BN PROCESSED 2025

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Codego · Banking as a Service · est. 2012 Vol. XII · Product brief / BaaS ● Live · 15 IBAN countries · API first

Bank as a Service.
Issue virtual local IBANs
in 15 countries via API.

Q: What is Banking as a Service (BaaS)?

BaaS is a model where a licensed provider delivers core banking capabilities — accounts, cards, IBAN, payments — via API to third parties. Partners build financial products under their own brand without a banking license.

Q: How is BaaS different from open banking?

Open banking is about sharing existing bank data via APIs (PSD2). BaaS is about building new banking products on top of licensed infrastructure. Codego BaaS platform enables you to issue cards, open IBANs and process payments — not just read existing account data.

Q: Which verticals benefit most from BaaS?

Neobanks, expense management platforms, HR tech, marketplace payments, crypto platforms and corporate treasury tools. Any product that needs to hold, move or issue money benefits from embedding Codego BaaS rails.

Q: How does virtual IBAN issuance work?

Codego IBAN API issues a unique local IBAN — in any of 15 countries including France, Spain, Germany, the UK, the US, Canada and Australia — to each end user or business entity in seconds. The IBAN is linked to a balance in Codego core banking and supports SEPA, SEPA Instant, SWIFT and local rails in 21 currencies, inbound and outbound.

Q: What compliance does Codego handle for BaaS partners?

Codego manages KYC/AML onboarding flows, PSD2 strong customer authentication, transaction monitoring, sanctions screening, PEP checks and regulatory reporting. Partners define their own risk appetite and customer policies; Codego systems enforce them.

Q: Can I build a neobank on Codego BaaS platform?

Yes. Codego BaaS stack covers every layer of a neobank: individual and business accounts, EU IBAN, SEPA/SWIFT payments, prepaid and debit card issuing, Apple Pay and Google Pay, KYC/AML and a white-label mobile app. Most neobank MVPs are live within less than 15 days.

Give every customer a local IBAN in their own market — a French IBAN in France, a Spanish IBAN in Spain, plus the UK, US, Canada, Australia and more, 15 countries in total. Codego's licensed core-banking platform exposes multi-currency accounts, local IBAN, SEPA/SEPA Instant/SWIFT rails in 21 currencies, KYC and card issuing as composable building blocks via one REST API. From integration to live product in weeks, not years.

Get started Read features

(A) IBAN countries: 15local markets
(B) SEPA & SWIFT: 21currencies
(C) Time to live: <15days
(D) API surface: REST+ webhooks

BaaS capabilities

Banking infrastructure via API — six core building blocks

6 features

Full banking stack,
API first.

Codego BaaS platform gives businesses and developers direct access to licensed financial infrastructure through a clean REST API. From EU IBAN issuance and SEPA payment rails to card issuing and KYC/AML workflows, every capability is available as a composable building block. Partners go from integration to live product in weeks, not years.

A · IBAN

Local IBAN · 15 countries

Issue local IBANs in 15 countries — France, Spain, Germany, UK, US, Canada, Australia and more. Unique IBAN per customer in seconds via a single API call.

B · Rails

SEPA & SWIFT · 21 currencies

Send and receive SEPA, SEPA Instant and SWIFT in 21 currencies (USD, AED, JPY, CHF, AUD and more). Full inbound and outbound processing included.

C · Revenue

Profit on services

Monetise every IBAN with transaction fees, FX margins and subscription revenues. Transparent revenue share model.

D · Multi-currency

Multi IBAN accounts

Each user can hold multiple local IBANs in different currencies — EUR, GBP, USD, AUD, CAD, CHF, CZK, DKK, HUF, NOK, PLN, SEK. True multi-currency wallets.

E · Coverage

Worldwide account

Accept deposits from over 79 countries. Local deposit methods, voucher codes and card top-ups supported everywhere.

F · API

All via API

Every function exposed via REST API with webhooks for real-time events. Full API documentation available at developers.codegotech.com.

Local IBAN coverage · 15 markets

Multi-IBAN, in every local market.

Stop forcing customers into a foreign account number. Codego issues local IBANs in 15 countries across Europe, the UK, North America and Oceania — a French IBAN in France, a Spanish IBAN in Spain, a UK account in Britain, a US account number in the States. Local presence everywhere, one API.

France

FR · EUR

Spain

ES · EUR

Germany

DE · EUR

Luxembourg

LU · EUR

United Kingdom

GB · GBP

United States

US · USD

Canada

CA · CAD

Australia

AU · AUD

Switzerland / LI

LI · CHF

Sweden

SE · SEK

Norway

NO · NOK

Denmark

DK · DKK

Poland

PL · PLN

Czechia

CZ · CZK

Hungary

HU · HUF

SEPA, SEPA Instant & SWIFT in 21 currencies: AED, AUD, CAD, CHF, CNH, CZK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR.

Certified partners & networks

PCI DSS · ISO · SEPA · SWIFT · Apple Pay · Google Pay

9 standards

Top integrations.

+ more

Frequently asked

Six questions about Banking as a Service

6 Q&A

Banking as a Service FAQ.

Q1.What is Banking as a Service (BaaS)?

BaaS is a model where a licensed provider delivers core banking capabilities — accounts, cards, IBAN, payments — via API to third parties. Partners build financial products under their own brand without a banking license.

Q2.How is BaaS different from open banking?

Open banking is about sharing existing bank data via APIs (PSD2). BaaS is about building new banking products on top of licensed infrastructure. Codego BaaS platform enables you to issue cards, open IBANs and process payments — not just read existing account data.

Q3.Which verticals benefit most from BaaS?

Neobanks, expense management platforms, HR tech, marketplace payments, crypto platforms and corporate treasury tools. Any product that needs to hold, move or issue money benefits from embedding Codego BaaS rails.

Q4.How does virtual IBAN issuance work?

Codego IBAN API issues a unique local IBAN — in any of 15 countries including France, Spain, Germany, the UK, the US, Canada and Australia — to each end user or business entity in seconds. The IBAN is linked to a balance in Codego core banking and supports SEPA, SEPA Instant, SWIFT and local rails in 21 currencies, inbound and outbound.

Q5.What compliance does Codego handle for BaaS partners?

Codego manages KYC/AML onboarding flows, PSD2 strong customer authentication, transaction monitoring, sanctions screening, PEP checks and regulatory reporting. Partners define their own risk appetite and customer policies; Codego systems enforce them.

Q6.Can I build a neobank on Codego BaaS platform?

Yes. Codego BaaS stack covers every layer of a neobank: individual and business accounts, EU IBAN, SEPA/SWIFT payments, prepaid and debit card issuing, Apple Pay and Google Pay, KYC/AML and a white-label mobile app. Most neobank MVPs are live within less than 15 days.

Plate II · Brands in production

Live consumer & B2B products on Codego infrastructure

6 brands · live

Brands running today
on Codego rails.

A selection of consumer banking apps, KYC services, white-label platforms and group properties currently in production on Codego infrastructure.

B.01 Codegopay codegopay.com

Business banking application — multi-currency IBAN, prepaid & debit cards, transfers and card controls under Codegopay brand.

Visit site

B.02 CoxiWallet coxiwallet.com

Hybrid crypto and fiat wallet — IBAN account, prepaid card, on-chain settlement and conversion in a single mobile app.

Visit site

B.03 Banqa banqa.io

Neobanking platform delivering branded multi-currency accounts, card programmes and SEPA / SWIFT rails for end-users and merchants.

Visit site

B.04 CodegoLab codegolab.com

Cloud hosting and infrastructure platform for fintechs — virtual servers, web spaces, USDC topup and full deploy stack on demand.

Visit site

B.05 CodegoKYC codegokyc.com

KYC / AML / liveness verification as a service — face biometrics, document OCR, PEP & sanctions screening via API.

Visit site

B.06 WhiteLabelCard whitelabelcard.com

Self-service white-label card issuing portal — launch a branded prepaid or debit card programme online in days, no integration required.

Visit site

Get started

Response within 24 hours · banking@codegotech.com

Form · 7 steps

Become a fintech now,
on our technology.

One partner. All in one. Launch your branded BaaS programme with EU IBAN, SEPA & SWIFT rails, KYC/AML and card issuing — on Codego's licensed, PCI‑DSS certified infrastructure.

Codego Group LTD · Malta · Est. 2012
EUIPO 018922174 · PCI DSS by Adsigo, 2025

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Direct contact

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For enterprise inquiries, BaaS partnerships and technical integration.

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A · Card programmes

Bank as a Service.
Issue virtual local IBANs
in 15 countries via API.