dobby launches 'banking'
The Swan integration offers reduced cost, additional time savings and increased convenience
We are expanding our software with an integrated banking functionality to further simplify and centralise financial management for administrators. The new functionality 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.
Open a new account for a building up to ten times faster
Getting started with a new building has never been easier. If you open a new account for the owners’ association through dobby, you can get started just nine hours later. This is up to ten times faster than opening a bank account through the traditional route...
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 | Banking in dobby pretty much halves the fixed account startup costs. Both owners and administrators benefit from the low administrative cost of creating an owners’ association account.
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
Frequently asked questions about banking in dobby
Is dobby becoming a bank?
No, not at all. With the integration of Swan's ‘banking as a service’ functionality, you will soon be 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 quickly execute all incoming and outgoing transactions for each building in dobby.
What is the added value of banking in dobby?
Banking in dobby allows you to open new accounts from your dobby software when you start a building dossier. You have instant insight into the procedure for each account and can check the current state of activation 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. Wasting time waiting on the phone with the bank is a thing of the past.
Are the necessary licenses and guarantees in place to offer this service?
dobby is not becoming a bank. We are integrating banking functionality to make building management easier than ever for administrators. To achieve this, dobby is collaborating with Swan, a financial institution headquartered in France and licensed by the French regulator (ACPR). Swan operates in Belgium in accordance with European passporting rules and is in the process of establishing an office in Belgium, which will come under Belgian regulation and supervision. This means that—like in Belgium—the FGDR protects customers with a deposit guarantee of €100,000.
What accounts can you create through banking in dobby?
dobby allows the creation and activation of Belgian IBAN accounts. 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 a Belgian 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 a Belgian bank to open a new account.
How is it that dobby is 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 managed to increase the efficiency of the account creation process to make it up to ten times faster than traditional banking procedures.
Can you transfer existing accounts into dobby?
No, you cannot transfer existing accounts from a Belgian bank into dobby; only new accounts can be activated.
Can you process full transactions in dobby?
Yes, all transactions for each account can be managed in dobby just as you did previously through your bank.
