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With Midaz, you can build a global account structure like the ones major banks offer. Clients hold accounts in multiple currencies, such as BRL, USD, and EUR. You manage every currency account under a single client profile.

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What changes with Midaz

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Using Midaz

  • Organization and Ledger: ABC Bank registers as an Organization in Midaz. It then creates a Ledger to track all customer transactions.
  • Assets: The bank defines an Asset for each currency it supports.
  • Customer Portfolios: Each customer has a Portfolio. It groups their checking, savings, and credit accounts in one place.
  • Customer Accounts: Create an Account for each currency the customer uses. Group these accounts under the customer’s Portfolio.

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Example: Maria’s international business needs

Maria is an entrepreneur in Spain who runs an e-commerce business that sells handmade crafts worldwide. Her customers are in the U.S., Europe, and Japan, so she manages several currencies. She opened an account with ABC Bank, which uses Midaz to manage its transactions.