Question 1

What is Fyorin's Solution?

Accepted Answer

Fyorin's is a financial operations platform that allows global businesses to access a network of global financial institutions, streamline financial operations, and optimize cash management. It simplifies global treasury management, enabling centralized control over financial data.

Question 2

Is Fyorin a Bank?

Accepted Answer

Fyorin is not a bank but a technology company that leverages the licensing capabilities of our network of financial institutions to offer a unified payments and financial operations platform. Customers' funds are always held and safeguarded by the underlying provider.

Question 3

What types of cards can I issue?

Accepted Answer

We can issue Mastercard Commercial Debit Card and soon launching Discover Corporate Debit Card, and Discover Commercial Travel Card. All the cards on the Fyorin platform can be operated as prepaid business cards (balance guaranteed to the card), or as debit (limit set on card, but depends on the balance of the linked account).

Question 4

Can I issue employee expense cards?

Accepted Answer

Yes, you can issue a virtual card and assign it to an employee or team to manage team expenses. Note that you can enable a virtual card to be used via the physical card. The employee can then decide which virtual card is active on the physical card for point-of-sale use.

Question 5

Do the cards expire?

Accepted Answer

Virtual cards expire after 3 years, whilst physical cards expire after 5 years. However, the validity period can be shorter, depending on the balance limit applied to the card; the higher the limit, the shorter the validity period.

In the case of subscriptions, you will simply need to update your subscription details with the new card details. Also, if any balance is available in the card once it expires, the funds will be reverted to the originating account automatically.

Question 6

Is there a charge to create or use virtual cards?

Accepted Answer

There is no charge to issue or use virtual cards.

Question 7

Can I issue a virtual card in a specific currency?

Accepted Answer

The card can be loaded with a specific currency based on the accounts that you have opened with us. For example, if you have GBP or EUR accounts with Fyorin you can issue cards in those currencies.

Question 8

How many cards can I issue?

Accepted Answer

With Fyorin, there are no limits on the number of cards you can issue as long as it makes business sense. We recommend API integrations for businesses with a high volume of transactions to seamlessly integrate into your business's workflow.
Note that only one physical card can be requested for each designated card user.

Question 9

How can Fyorin help me centralize global cash management for our business?

Accepted Answer

Fyorin enables you to aggregate cash information from various sources, providing a unified view of your global cash positions. With a centralized platform, you can make informed decisions and streamline your cash management.

Question 10

Can I access and manage multiple banks as if they are one through Fyorin?

Accepted Answer

Absolutely! Fyorin simplifies your banking relationships by allowing you to interact with multiple financial institutions as if they were a single entity. Enjoy the convenience of a unified portal while benefiting from a range of financial partners.

Question 11

How does Fyorin help in diversifying liquidity risks?

Accepted Answer

Fyorin's global network of financial institutions offers you the flexibility to distribute your funds strategically. By diversifying your liquidity risks across multiple institutions, you can minimize exposure and ensure financial stability.

Question 12

What are the benefits of diversifying with Fyorin's cash & liquidity management solution?

Accepted Answer

<p dir="ltr">Fyorin offers access to a network of global financial institutions, making it easy for businesses to diversify liquidity risks across multiple banking partners, without the adding complexity of managing multiple partners. This strategy helps mitigate risks and ensures financial stability.

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