Ikano Bank

Revolutionizing Factoring with Seamless Connectivity

Factoring can take different forms—either by purchasing invoices or mortgaging them. For Ikano Bank, this process also includes managing customer relations as a key part of their service offering.

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The Challenge

Ikano Bank faced the need to replace an outdated virtual printer system for handling invoice file data. At the same time, they sought to modernize their factoring services by enabling direct connections between their business customers’ accounting systems and their platform.

This modernization was critical to maintaining their commitment to delivering efficient, transparent, and stress-free factoring services while reducing operational risks. The challenge lay in finding a solution that was both secure and adaptable to their internal processes across multiple Nordic markets.

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The Solution

To overcome these challenges, Ikano Bank integrated Zwapgrid's API.1 into their tech stack. This allowed them to securely and efficiently connect their customers’ accounting systems, replacing outdated methods with a modern, API-driven approach.

By starting in Sweden and leveraging Zwapgrid's growing support for Nordic ERP systems and file types, Ikano Bank can now onboard customers seamlessly across the region. This integration streamlines their internal workflows, reduces risks, and ensures they can continue delivering top-tier factoring services—no matter the source of invoice data.

With Zwapgrid, Ikano Bank has future-proofed its operations, offering secure, scalable, and customer-focused solutions to meet the evolving demands of the financial landscape.

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