dobby launches banking
More time, more control, less cost
We are expanding our software with an integrated banking functionality to further simplify and centralise financial management for administrators. The new Swan integration allows the creation of IBAN accounts for owners’ associations in just a few clicks, helping you reduce administration costs, monitor activation closely, manage proxies and process all transactions in dobby.
You can now manage the finances of new buildings with ease in dobby.
An overview of the benefits:
Time savings | Open new IBAN accounts for your owners’ associations’ working capital and reserve fund in just nine hours. You will no longer waste valuable time setting up and actively managing a building.
Attractive cost | Many banks charge hundreds of euros to use a bank account. Not so at Swan. An IBAN account costs only €78, so for your owners' association working capital and reserve capital accounts, you pay a total of only €156 per year.
Additional centralisation | Account information, transaction history, proxies and other financial functions are neatly consolidated in dobby through the integration of Swan's ‘banking as a service’ functionality.
Easy management | Easily manage proxies on each account.
Additional control and insight | Joint owners can also make use ofthis additional functionality. Auditors can easily audit the books and accounts, and joint owners always have an up-to-date view of the owners’ association’s financial resources. Everybody benefits.
>> Download our guide, with all the practical information about this new integration.
>> Read all about Swan, the financial institution that dobby works with.
Insights from administrators
Karel (Pellettieri) opts for greater efficiency and flexibility: with all transactions consolidated in one place to save time. The online platform is also intuitive and easy to manage.
Laurens (Hermania) opts for cost savings: Swan accounts are cheaper than traditional banks, and centralization also reduces costs on other management systems.
Demi and Alex (Hevaco) opt for an easy start. With Swan, accounts are quickly opened and activated, giving all parties immediate access and greater transparency.
Getting started with our materials
If you are interested in using the banking module in dobby for your buildings, it is important to inform your owners’ associations. Click here to download a toolkit with communication materials for the owners’ association: a letter template, leaflet and presentation that clearly outline the benefits. This helps increase their confidence in the financial management and, in turn, in you as the administrator.
Frequently asked questions about banking in dobby
Is dobby becoming a bank?
Far from it. dobby is not becoming a bank but is collaborating with Swan, a regulated financial institution. The integration of Swan's ‘banking as a service’ functionality will quickly put you ahead of fellow administrators, as you will be able to manage accounts directly from your management software. This enables you to quickly and efficiently create new accounts, greatly reduce startup costs, monitor the full activation of accounts, manage proxies and immediately execute all incoming and outgoing transactions for each building in dobby.
Who or what is Swan?
Swan is a European fintech company that provides embedded banking services for more than 150 companies, including Visma Group, Ageras and Payflow. Swan provides white-label accounts, cards and payment services, processing over €2 billion per month in 30 different countries.
Are the necessary licenses and guarantees in place to offer this service?
Swan is headquartered in France and licensed by the French regulator, ACPR. Swan operates in Belgium through a local office in Brussels, in accordance with the European rules on freedom of establishment. The Belgian branch is supervised by the National Bank of Belgium (NBB), while Swan is primarily supervised by the French ACPR under license number 17328. Among other things, this means that they also offer a deposit guarantee of €100,000 per owners’ association.
Is ‘banking as a service’ secure?
As a financial institution, Swan is supervised by the French regulator, ACPR. The company holds a recognised e-money licence and complies with all applicable European regulations.
Swan keeps its clients' funds strictly separate from its own business assets; the funds are stored securely at a partner bank. Because Swan is an e-money institution and not a traditional bank, there are clear restrictions on how it can use those funds.
You can rest assured that your financial data and assets are in good hands.
What about legal certainty?
Swan offers full legal protection, equivalent to what you receive at any traditional Belgian bank. Each account is covered by the deposit guarantee of up to €100,000.
The accounts are registered in the name of the owners’ association, not the administrator, keeping everything legally correct and completely transparent.
What is the added value of banking in dobby?
Banking in dobby allows you to open new accounts for a building dossier quickly from your dobby software, reducing costs. You have instant access to the procedure for each account and can check the current activation status at any time. Once the new account is active, you can process all incoming and outgoing transactions in dobby. Managing account proxies is also a breeze.
What accounts can you create through banking in dobby?
dobby allows you to create and activate Belgian IBAN accounts for the working and reserve capital of an owners’ association. Additional accounts can be created for a small fee. You can also manage proxies and execute transactions quickly and easily in dobby.
Do I need Codabox or Isabel in addition to banking in dobby?
No. The accounts you start through dobby can be managed through banking in dobby. You no longer have to wait a day to see transaction processing in your owners’ association account. This applies to all incoming and outgoing transactions.
Do I need to use another bank in addition to banking in dobby?
No. For each new or existing building dossier, you can create the necessary accounts and activate the associated management in dobby. You no longer need to use another bank to open a new account.
How is dobby able to accelerate the turnaround time and reduce startup costs so dramatically when opening an account?
Swan, the financial institution we work with, provides exclusively digital services and has increased the efficiency of the account creation process, making it up to 10 times faster than traditional banking.
Can I transfer an existing account into Swan?
No, you cannot transfer existing accounts from another bank into Swan. However, you can replace existing accounts with a Swan account. You can then close the old account.
Can I transfer an existing Swan account into Swan?
Yes, previous transactions on Swan accounts can be retrieved effortlessly in dobby, getting you off to a flying start with a new dossier with existing Swan accounts.
What does dobby banking with Swan cost?
An IBAN account with Swan costs €78 per year, so the two standard accounts (one for working capital and one for reserve capital) only cost €156 per year.
Can I process all transactions in dobby?
Yes, all transactions for each account can be managed in dobby just as you are used to.
Useful links
>> Download our guide, with all the practical information about this new integration.
>> Read all about Swan, the financial institution that dobby works with.
>> Download the toolkit with materials.