Core Banking & Ledger · Use case

Support multiple entities and currencies on one platform

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Short answer

Expanding into new countries often means new legal entities, currencies and rules. A multi-entity platform keeps each entity's books separate and compliant while you run one set of products and integrations — and consolidate reporting at group level.

What this use case is

Expanding into new countries often means new legal entities, currencies and rules. A multi-entity platform keeps each entity's books separate and compliant while you run one set of products and integrations — and consolidate reporting at group level.

Who builds this

Fintechs expanding internationally
Banking groups
Payment platforms with regional entities

What your customer sees

  1. 1Local accounts and currencies
  2. 2The same product experience in each country

How Core Banking & Ledger solves it

1

Entity and jurisdiction configured

Entity and jurisdiction configured

2

Currencies and products assigned per entity

Currencies and products assigned per entity

3

Postings kept separate per entity

Postings kept separate per entity

4

Intercompany movements recorded

Intercompany movements recorded

5

Local reporting generated

Local reporting generated

6

Group consolidation reported

Group consolidation reported

Want to have

  1. Entity separation
  2. Multi-currency accounts
  3. Intercompany handling
  4. Local reporting
  5. Group consolidation
  6. Data residency options

Optional

  1. Shared product catalogue across entities
  2. FX revaluation

Design decisions

Instances

One instance
One per region

efficiency versus residency and isolation.

What to put in your RFP

Entities

  • separation
  • intercompany

Currency

  • accounts
  • revaluation

Reporting

  • local
  • group

Residency

  • regions

Commercials

  • per entity pricing
Add these to an RFP

How to evaluate providers for this use case

  1. 1Separation guarantees
  2. 2Consolidation
  3. 3Residency options

Pitfalls

  • Data residency discovered late
  • Intercompany flows not modelled
  • Assuming one instance can serve every regulator

What providers will ask you

  1. Current and planned entities
  2. Currencies
  3. Residency requirements

Other Finlane categories that cover parts of this

This use case is solved mainly with Core Banking & Ledger. These categories cover specific parts of it and can be tendered alongside it.

FX & Cross-Border Payments

Conversion between entity currencies

RegTech & Compliance Ops

Reporting per jurisdiction

Frequently asked questions

Other Core Banking & Ledger use cases

Run a real-time, double-entry ledger

Record every movement of money with immutable postings, sub-accounts and audit-ready balances.

Configure new deposit or lending products

Spin up savings, current or loan products with interest, fees and lifecycle rules — no core rebuild required.

Migrate off a legacy core

Stand up a modern core alongside legacy and progressively migrate portfolios or product lines.

Scope support multi-entity, multi-currency with Core Banking & Ledger providers

Scope this use case