Pay the claim at the moment it matters.
Instant, auditable payouts and clean premium flows, with fraud controls and compliance on every payment.
When payments define the customer experience.
Claims and premium payments sit at the heart of the policyholder relationship, yet most still run on slow, manual, opaque processes. Delays land exactly when speed matters most, while fragmented systems add fraud exposure and reconciliation burden behind the scenes.
Slow claims payouts
Manual transfer processes frustrate policyholders and erode trust when speed matters most.
Fraud exposure
Manual interventions and limited transaction controls increase the risk of claims fraud.
Compliance burden
Maintaining audit trails across fragmented systems is heavy and error-prone.
Multi-currency complexity
Premium collection and claims disbursement across regions are difficult to reconcile.
Designed for regulated insurance environments.
Insurance payment flows are managed through Monavate's regulated payments platform — covering card issuing, settlement, compliance, and reporting, configured for claims and premium handling.
Issue virtual or physical cards instantly, reducing settlement delays and customer frustration.
Apply real-time spend controls, monitoring, and compliance checks to every payout.
Track every payment, refund, and adjustment with full transaction metadata.
Route, reconcile, and report premium flows across products and currencies.
Operate under a single regulated framework aligned to insurance compliance requirements.
Their policyholder is paid in minutes, spends the same day, and never handles a cheque. Paid onto a merchant-locked card, the claim becomes a revenue event, with a share of interchange on every payout.
Everything you need to manage insurance payment flows.
Delivered through Monavate's regulated payments platform — the same infrastructure used for card issuing, processing, settlement and compliance across all industries, configured for claims and premium flows.
Card Issuing
Issue virtual or physical cards with real-time spend controls and full programme visibility.
Card Issuing & BIN Sponsorship
Accounts & IBANs
Multi-currency accounts and virtual IBANs for faster, more flexible money movement.
Accounts & IBANs
Settlement & FX
Cross-border settlement in GBP, EUR, and USD with automatic FX reconciliation.
Settlement & FX
KYC/AML & Compliance
Embedded identity verification, sanctions screening, and AML monitoring across all payment flows.
KYC/AML & Compliance
Reporting & Data
Real-time dashboards and exportable data for finance, operations, and compliance teams.
Reporting & Data
UAB Monavate is a company incorporated in Lithuania under Legal Entity Code: 305628001 with registered offices at Konstitucijos av. 21A, Vilnius, LT-08130, Lithuania. UAB Monavate is authorised and regulated by the Bank of Lithuania under Authorisation Code: LB002139
The money held in your Card Account is not protected by the Financial Services Compensation Scheme (FSCS). This means that, unlike a bank account, your funds are not covered by a statutory compensation scheme if Monavate were to fail. Instead, we protect your funds in accordance with the Electronic Money Regulations 2011. These regulations require us to safeguard customer funds by:
i. keeping them separate from Monavate’s own money; and
ii. holding them in designated safeguarding accounts with authorised credit institutions, or otherwise protecting them in a manner permitted by law.
Safeguarding is designed to ensure that your funds are protected and prioritised if Monavate were to become insolvent. In such circumstances, safeguarded funds should not be available to Monavate’s creditors and are intended to be returned to customers, subject to the insolvency process.While safeguarding is not the same as FSCS protection, it is a regulatory mechanism specifically designed for electronic money accounts to help keep customer funds safe.