The Banking module in Marlo provides real-time visibility and control over maritime financial transactions. It empowers finance teams to manage multi-currency accounts, allocate payments against invoices and loans, issue operational cards, and streamline cashflow tracking—all from a unified workspace.
Concepts in the module
Concept | Description |
---|---|
Business Account | A digital USD account used for sending/receiving global payments with unique account details. |
FX Transfers | Fast, low-cost currency exchange and cross-border transfers in 30+ currencies. |
Corporate Cards | Virtual and physical cards for port, bunker, and voyage-related spend with custom controls. |
Verified Contacts | Pre-approved list of counterparties (vendors, agents, brokers) used for secure transaction routing. |
Spending Controls | Limit card use by amount, currency, vendor type, or region to avoid misuse. |
Workflows in the Module
1. Create a Global Business Account
Navigate to Banking → Global Account → Create
Choose base currency (e.g., USD)
Assign name and label (e.g., “Bunker Account”)
System generates virtual account details (beneficiary name, account number, SWIFT)
2. Initiate an FX Transfer
Go to Banking → Transfers → New Transfer
Select source and destination currencies
Enter amount and review live FX rate
Choose recipient contact or add new
Confirm and execute payment
3. Issue a Corporate Card
Navigate to Banking → Cards → Create Card
Select virtual or physical card type
Assign to department or user
Define spending limits and merchant rules
Activate instantly for port, bunker, or voyage expenses
Other Sources
Marlo Business Account
Marlo FX Transfers
Marlo Corporate Cards
Related Key Topics
Vendor onboarding
FX rate tracking
Virtual vs physical card management
Global payment compliance
Cashflow visibility for maritime operations
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