Service Provider Account Models

The IF Platform is designed to be compatible with a variety of account structures used by banks, fintechs, and BaaS providers. The goal is to create a unified account model that can support all these structures by clearly understanding both the similarities and differences between them.

Service providers offer one or more of the following three models to manage client funds. For more detailed information on each, please refer to the links below:

1. Virtual Client Accounts: Clients receive named accounts with a dedicated IBAN/account number, but their funds are aggregated into a single account. The service provider does not track individual client balances.
2. Real Client Accounts: Clients receive named accounts with a dedicated IBAN/account number, and their funds remain in separate, individual accounts. The service provider tracks each client's balance.
3. Shared Pool Account: Clients do not have named accounts. Instead, they use a shared IBAN/account number with a unique client reference to make deposits. The service provider does not track how much of the pooled funds belong to each client.