NEO
Simplify your banking pool by using one single IBAN for all your currency holding. Collect from clients, pay suppliers, rebalance funds between your banks in one click.
Always appear as the originator when you pay and the beneficiary when you get paid.
1 IBAN number that receives 25 currencies without auto-conversion.
Settlement is same day on most currencies and reduces inventory days.
Work in the same currencies as your supply chain do. Track status of payments and control the associated costs. With NEO, you grow internationally without the headache of finding a bank that supports your business all over the world.
Send funds to +100 countries in 25 currencies. Make sure your counterparties always receive the exact amount of funds in time.
Simplify business relationships with your clients and get paid in their home currencies.
Track payments and share status with your counterparties using SWIFT UETR tracking number. You always know where the funds are in real time.
With+80 data points available for payments, balances and trades, you can build in-depth reporting.
NEO works as a cash pooling solution. We help you streamlining your cross-border operations by centralising all your cash flows in a single point..
NEO is a financial connected member of SWIFT. Get access to SWIFT international payment network in major currencies.
Settle your Euro denominated operations like a local across the 36 countries participating to the Single Euro Payments Area.
Your Neo account is connected via SWIFT to more than 13.000 banks in the world.
Work across te world with more than +100 countries reachable.
Your account accepts 25 currencies natively. No auto conversion is applied. You always get what you have been paid.
Neo has joined the SWIFT GPI initiative that allows NEO clients to track their payments in real time.
Operate in any of the 25 supported currencies. Simplify book keeping reconciliations and avoid auto conversion of funds received that most banks or PSPs apply.
| Currency | Code | Name | Cut-off Time | Settlement Date |
|---|---|---|---|---|
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AED | Emirati Dirham | 15:00 | Next Day |
 |
AUD | Australian Dollar | 15:00 | Next Day |
 |
BGN | Bulgarian Lev | 13:30 | Same Day |
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CAD | Canadian Dollar | 15:30 | Same Day |
 |
CHF | Swiss Franc | 14:00 | Same Day |
 |
ZCK | Czech Koruna | 11:30 | Same Day |
 |
DKK | Danish Krone | 11:00 | Same Day |
 |
EUR | Euro | 14:00 SEPA / 16:15 SWIFT | Same Day |
 |
GBP | Pound Sterling | 17:00 | Same Day |
 |
HKD | Hong Kong Dollar | 15:00 | Next Day |
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HUF | Hungarian Florin | 14:00 | Same Day |
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ILS | Israeli Shekel | 15:00 | Next Day |
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JPY | Japanese Yen | 15:00 | Next Day |
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MXN | Mexican Peso | 14:30 | Same Day |
 |
NOK | Norwegian Krone | 11:00 | Same Day |
 |
NZD | New Zealand Dollar | 15:00 | Next Day |
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PLN | Polish Zloty | 13:30 | Same Day |
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RON | Romanian Leu | 12:00 | Same Day |
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SEK | Swedish Krone | 11:00 | Same Day |
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SGD | Singapore Dollar | 15:00 | Next Day |
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THB | Thai Baht | 15:00 | Next Next Day |
 |
TRY | Turkish lira | 10:00 | Next Day |
 |
USD | United States Dollar | 17:00 | Same Day |
 |
ZAR | South African Rand | 11:00 | Same Day |
Get paid in your clients currency.
Let your clients pay you in their home currency.
Receive exactly the amount that youu have invoiced. Neo does not apply auto conversion of funds.
Your clients can settle via SWIFT or SEPA for Euro.
See all the details of your payment for better reporting.
We make international payments easy for your business.
Make payments in any of the supported currencies.
Most of your payments are processed “same day” which means your beneficiaries’ bank receives funds within 24h.
You can create an entire schedule of payments in advance and focus on other tasks.
Access a granular role and permission structure to control who creates and who validates payments in your team.
With comprehensive blotters you can always access all data about all your payments. Increase the quality of controls and reporting.
All is there. We let you access all of the data included in the payment message. Date, amount, originator IBAN, bank, receiving time, cost structure. All is there.
Work on your payments list from the platform. You no longer need to spreadsheet to find what your are looking for. Sort payments across multiple criteria in a click.
Create personal layouts depending on your goals. Not everyone has the same needs in a treasury team also each member can create unlimited layouts and work his own way.
All have access all your payments. No limit in history. Perform audits on payments issued years ago in the blink of an eye.
Store all your payers and beneficiaries details in a single point. Improve internal due diligence and streamline compliance validation from the NEO platform.
Manage an unlimited number of counterparts.
Our compliance engine screens and scores each counterparty at submission so you know acceptance status before any payment takes place.
We validate the accuracy of the bank account formats format each counterparty.
Store any relevant documents within your counterparty environment and anticipate compliance request of for information.
Work with a support team that understands your business model, knows cross border payments and is responsive. We truly care about your business.
Headquarters
Travessera de Gràcia n°18
08021
Barcelona
Spain
UK Office Cambridge
Copyrighted Neo Group 2024
Reports
Official foreign exchange Partner of the Wolverhampton Football Club