The new account capabilities allow for the collection of payments in 19 different currencies, supporting faster reconciliation and transaction execution. These local IBANs facilitate seamless connectivity with major Enterprise Resource Planning (“ERP”) and accounting systems such as DATEV and SAP, and enable integration into existing treasury workflows via the EBICS standard.

Menne Mennes, Managing Directors Ebury Institutional Solutions & MIFID at Ebury, commented: “Offering German IBANs will allow us to further complement our extensive private market offering to German subsidiaries or SPVs. Access to local accounts and payment infrastructure will enable clients to increase their operating efficiency. ”

“Local German IBANs are a critical component for businesses looking to integrate efficiently into the national payment system,” says Klaus Hoffmann, Country Manager Germany at Ebury. “With this new offering, embedding international payments into existing financial processes and system landscapes becomes seamless—making global trade faster, simpler, and more convenient for our clients.”

Through enhanced system connectivity, account turnover data can be transmitted automatically on a daily basis to financial accounting departments or tax advisors. The support of the EBICS standard also ensures the secure execution of payment orders within established corporate treasury structures.