Misconceptions about Iban Wallet

S4F NewsInsights Iban Wallet @ Savings4Freedom
I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.
iban Wallet: A Warning Message
Risk Management

iban Wallet: A Warning Message

By November 4, 2020 0
I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.
1 2 3 5

There are misconceptions about Iban Wallet that have build up over time and need to be broken. It should be clear to everyone that Iban Wallet offers investment products. It is not a savings account neither a current account.

Iban Wallet is not a P2P Platform

Iban Wallet acts as an intermediary in the lending process. Because of this, it is sometimes possible to fall into this common misconception.

Here is a step by step breakdown of the investment process:

  1. Investors deposit their money on Iban Wallet;
  2. With these funds, Iban Wallet provides capital to Loan Originators;
  3. These Loan Originators have already issued and underwritten the loans at this time;
  4. With the interest rate earned from the loan originator, Iban Wallet is able to pay the rates offered to investors and earn money to fund its operations.

Which is to say, there are no projects waiting for these funds in order to get kicked-off. What Loan Originators do is allow for credit rights to be purchased. In short, the returns investors make come from the purchase of credit rights, technically known as “credit receivables”.

I hope this information clarifies how Iban Wallet positions themselves within the fintech ecosystem.

Iban Wallet is not a Bank

As Iban Wallet is not a bank, therefore, funds invested through Iban Wallet are not covered by any deposit guarantee scheme. So what this means for investors money?

First, all funds transferred to Iban Wallet are deposited in an Electronic Money Institution (EMI), which is regulated by the European Central Bank and compliant with the financial regulations implemented throughout the EU. But have in consideration that Iban Wallet activity is not regulated so Iban Wallet remains out of the regulators scope.

Second, Iban Wallet follows several risk-mitigation measures to keep funds safe, but it is impossible to guarantee returns with 100% certainty. For example, all loans tied to an investment are asset-backed. This means that there is property or assets that can be sold in the case of a default. Moreover, all investments made at Iban Wallet are tied to the performance of an aggregated collection of loans, and not to any individual one, providing protection through diversification. But even so, also this can fail.

Third, Iban Wallet audits and tracks several Loan Originator metrics on an ongoing basis to ensure the practices of their partners, but this information is not available to the public, making it more difficult to accept marketing communications without external audit.

So, after reading this, you are aware that your capital invested through Iban Wallet is at risk. And to push even further this idea, a final note to remember a hard lesson:

“Past performance is no guarantee of future results!”

iban Wallet: A Warning Message
Risk Management

iban Wallet: A Warning Message

By November 4, 2020 0
I decided to stop promoting iban wallet on my blog. Too many questions without answers, too much smoke around people, locations, finances and operations. A warning message to all.
1 2 3 5

What to learn more about Iban Wallet?

iban Wallet @ Savings4Freedom
Check all articles about Iban Wallet

Iban Wallet Alternatives and Competitors

Real Estate Loans @ Savings4Freedom
Business Loans @ Savings4Freedom
Personal Loans @ Savings4Freedom


Do you what to receive updates on new publications? Check SavingsForFreedom on Telegram and WhatsApp, or follow the blog in the links below! Thank you!

0 Shares:

Share your opinion on this topic!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like
S4F News Crowdestor Investor Improvements @ SavingsForFreedom
Read More

Crowdestor: Website Down

Crowdestor investors are having trouble accessing their accounts. After the initial panic reaction, the company justified the event with a DDoS attack.