Clients

Institutions

Cobase provides one platform for insurance companies and financial service providers to manage all their bank connections, payments, and cash visibility. These organizations often work with multiple banks, segregated accounts, and face strict regulatory and reporting requirements. Cobase simplifies operations by centralizing all payment and reporting processes in a secure and controlled environment.

High volumes

Efficient Payment Processing

The platform supports high-volume payment processing, including bulk payments and direct debits—ideal for premium collections, claims payouts, payroll, and supplier payments. It offers real-time visibility across all accounts, automated workflows with configurable approval layers, and comprehensive audit trails to support internal governance and external reviews.

Highest Standards

Regulatory

Yes. Cobase meets strict security and compliance standards suitable for financial institutions. The platform is SOC 2 compliant, ensuring controls around data security, availability, processing integrity, confidentiality, and privacy. In addition, Cobase is ISO 27001 certified, GDPR compliant, and SWIFT CSP aligned. It uses end-to-end encryption, role-based access controls, multi-factor authentication, and maintains full audit trails to support regulatory and internal governance requirements.

Frequently asked questions

Is Cobase secure for regulated financial institutions?

Yes. Cobase meets strict security and compliance standards suitable for financial institutions. The platform is SOC 2 compliant, ensuring controls around data security, availability, processing integrity, confidentiality, and privacy. In addition, Cobase is ISO 27001 certified, GDPR compliant, and SWIFT CSP aligned. It uses end-to-end encryption, role-based access controls, multi-factor authentication, and maintains full audit trails to support regulatory and internal governance requirements.

Can Cobase handle bulk payments and direct debits?

Yes. Cobase supports high-volume payment processing, including mass payments and recurring direct debits. This is ideal for insurers handling premium collections, claims payouts, and regular supplier or payroll runs.

Does Cobase support segregated account structures?

Yes. Cobase is designed to manage multiple accounts across various entities and purposes, including operational, escrow, and client money accounts. The platform ensures clear segregation and reporting by entity or account type.

How does Cobase support audit and compliance requirements?

Cobase maintains full audit trails of every action—uploads, approvals, modifications, and payment transmissions. Logs can be exported and filtered to support both internal audits and external regulatory reviews, simplifying compliance processes.

Is Cobase compatible with our ERP or custom system?

Yes. Cobase integrates with most ERP, treasury, and accounting systems via standardized or custom file formats. This enables straight-through processing and reduces manual intervention.

Can we configure our own approval workflows?

Yes. Approval flows in Cobase can be fully configured based on user roles, transaction types, thresholds, or legal entities—ensuring alignment with your internal control and compliance policies.

What kind of institutions use Cobase?

Cobase is trusted by insurers, MGAs, payment service providers, investment firms, and public financial institutions. We serve both mid-sized and large organizations that prioritize control, efficiency, and security in their financial operations.

Do we have to change our banks to use Cobase?

No. Cobase is bank-independent. You keep your existing bank relationships and accounts—Cobase simply connects and consolidates them in one platform.