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Insurance Technology

The insurtech that sped up premium collection and secured payouts

Used account verification and payment initiation to run premium collection and claim payouts with bank-grade security and speed.

A digital insurtech company

-65% Reconciliation time
+30% On-time collection
7/24 Claim payouts
THE CHALLENGE

Premium collection ran on cards and manual transfers, causing delays and matching errors. Claim payouts relied on manual IBAN checks — slow and risky.

THE SOLUTION

With Kobaküs Payment Initiation premiums were collected 24/7 directly from the policyholder’s bank at low cost. Account Information verified name–IBAN matches instantly so claim payouts went to the right account securely, and Reconciliation was automated.

THE RESULTS
  • Reconciliation time fell by two-thirds and month-end close sped up.
  • On-time premium collection rose 30%.
  • Name–IBAN verification blocked wrong and fraudulent payouts.

We brought every money movement — from premium collection to claim payouts — onto one infrastructure, gaining speed and cutting risk.

Director of OperationsA digital insurtech company
PRODUCTS USED
Account InformationSecurely access financial data from bank accounts. Payment InitiationAccept instant, card-free payments to your bank account. ReconciliationEvery channel, zero manual work.
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