Marlo – Banking

Created by Arun Kumar, Modified on Wed, 25 Jun at 11:16 PM by Arun Kumar

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