​
Using Midaz

  • Organization & Ledger: ABC Bank registers as an Organization in Midaz and establishes a Ledger to track all customer transactions.
  • Assets: The bank defines assets for every currency, ensuring multi-currency support for all accounts.
  • Customer Portfolios: Each customer has a portfolio under which their accounts (checking, savings, and credit) are managed efficiently.
  • Customer Accounts: Create an Account for each currency (Asset) in which the customer will operate and group them under the Portfolio created for the Customer.

​
Example: Maria’s international business needs

Maria is an entrepreneur in Spain who runs an e-commerce business selling handmade crafts worldwide. Her customers are in the U.S., Europe, and Japan, so she needs to manage multiple currencies efficiently. To streamline her finances, she opened an account with ABC Bank, which uses Midaz for transaction management.