Fasqon Offers Unique IBANs and Multi-Currency Transaction Support

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by Giorgi Kostiuk

2 years ago

Introducing Fasqon, a platform providing unique IBANs for each user, multi-currency transaction support, and fraud protection.

Unique IBANs for Every User

Fasqon provides each user with a unique IBAN, unlike competitors such as Revolut and Wise that use corporate accounts. This is achieved through integration with European banks supporting the opening of sub-accounts with distinct IBANs for users, ensuring secure and transparent fund storage.

Multi-Currency Transaction Support

Fasqon offers multi-currency transaction support, allowing users to send and receive funds in currencies like EUR, USD, GBP, and CNY. Real-time currency conversion enables seamless global transactions without delays or unexpected fees.

Advanced Anti-Fraud Mechanisms

Fasqon employs a protection model for securing IBAN transactions from fraud. A specialized risk analysis module examines each transaction for potential violations, such as data substitution and unusual transfer amounts. If hacking is suspected, the system temporarily blocks the IBAN until the transaction is verified.

Fasqon integrates personalized IBANs, multi-currency transactions, and fraud protection, creating a modern ecosystem for users’ financial needs.

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