FAQ

Last Updated: May 11, 2021

The basics

What is Swan?

Swan is a licensed Financial Institution. The BaaS platform (Banking-as-a-Service) enables companies of all kinds to embed white-labeled banking services like accounts, cards, and IBANs directly into their products and customer experiences. Why? For a better UX, and increased revenue.

Where is Swan available?

Swan's e-money license allows to provide banking services across the EEA including:
Austria
Belgium
Cyprus
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Portugal
Slovakia
Slovenia
Spain

How is Swan different from other embedded banking and Banking-as-a-Service providers?

Swan differentiates itself from other BaaS providers in many ways, but these stand out:

  1. You don't need to become a banking agent or get a license to provide banking services with Swan. This is thanks to our e-money license, which lets us take on all the risk so you don't have to (KYC, AML, SCA, and fraud monitoring). Our partners don't have to set up their own compliance department or worry about audits.
  2. You can get started in just minutes. Our nocode dashboard lets you upload your logo, pick your color, and get a link to start inviting your users to open accounts. It's that easy. After that, if you want to take your integration even further, you can customize your banking services using our APIs.
Who is behind Swan?

The company was created in 2019 within the start-up studio eFounders. Swan's founders are experienced developers, entrepreneurs, and experts in the payments industry: Nicolas Benady, Nicolas Saison, and Mathieu Breton. Learn more.
Swan secured an e-money license to deliver banking features across Europe and is backed by leading tech investors Creandum and Bpifrance.

Using Swan

How much does it cost to use a BaaS (Banking-as-a-Service) to embed banking services?

With Swan, you can get started building and testing for free. After that, our standard pricing is €900/month. We've also got custom pricing available if your business model is a bit different. Learn more.

Do I need a license to embed banking services with Swan?

No. You don't have to be a banking agent or expert to work with Swan.Swan is a licensed financial institution.
We have an e-money license and are regulated by the French banking agency, the ACPR. Companies that work with Swan get to piggyback on this license to provide banking services to their customers. You don't need to go through the process of becoming regulated, nor hire a compliance team, set up a risk management process, or worry about being audited.

What testing environments are available at Swan?

Developers have access to a sandbox that duplicates our live data. This data is separate and the API keys are different. The sandbox also offers supplementary data that we don't have in the live environment, without our event simulator that allows you to simulate live actions, create fake users, etc...

Why does Swan use the API language graphQL?

graphQL is an interesting alternative to REST or x-rpc. It's strongly-typed, resilient, and offers a finer command. We also love its "Introspection System" and the fact that it's future-oriented. Learn more.

Security

How secure is Swan's data infrastructure?

Our data is secured following strict and rigorous banking industry practices.

In what country is Swan's hosting provider’s data center based?

Our hosting provider's data centers are based in Ireland.

What is Swan's architecture like?

Our CTO explains this in more detail in this video (in French).

Didn't find the answer to your question?

Check out some of our other resources:

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For end-users

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