iBanFirst Launches iBanPay, Its New AI Assistant to the UK

iBanFirst, the next-generation cross-border payment services provider, announces the launch of iBanPay for customers operating in the UK. The AI-powered assistant transfers incoming invoices into ready-to-approve payment orders, reducing errors and freeing finance teams from manual, time-consuming tasks.

iBanPay scans, extracts, and validates the key payment details from invoices, such as beneficiary information, currency, and amounts, and automatically creates draft payments within the user’s iBanFirst account. Within seconds, users receive a notification prompting them to review and approve the transaction, ensuring speed and accuracy while keeping full control over the final step. 

For many UK SMEs, manual invoice processing is still a standard daily practice and one that is often slow, labour-intensive, and prone to mistakes. The lack of visibility into invoice status, along with late or inaccurate payments caused by manual error, places unnecessary strain on cash flow at a time when many businesses are fighting for survival.

By reducing manual effort and errors, iBanPay allows finance teams to focus on strategic priorities such as cash flow management, supplier relationships, and international growth. For SMEs in particular, the ability to process invoices quickly and accurately across borders provides greater visibility and control, helping them stay competitive in an increasingly global market.

“With iBanPay, iBanFirst takes another step forward in automating its platform,” said Dimitri Rodrigues, Chief Product Officer, iBanFirst. “Our dedicated team has collaborated closely with our client community to ensure iBanPay meets the demands of international SMEs. Early adopters are now using the assistant for more than 40% of their invoices. Soon we’ll be able to go further, with iBanPay offering users the ability to choose the best currency and the optimal timing for their payment transactions.”

“After becoming the go-to alternative for international payments, iBanFirst is writing a new chapter. With iBanPay, we take the Global Account one step further, becoming the cockpit for company CEOs and CFOs.” said Pierre-Antoine Dusoulier, CEO & Founder of iBanFirst. “By automating invoice management, a long-standing difficulty for SMEs, iBanPay is designed to be a true co-pilot for accountants and finance teams.”

With more than 350 employees in 13 offices all over Europe and the UK, iBanFirst processes more than €2 billion worth of transactions each month on behalf of 10,000+ SMEs and was listed by the Financial Times as one of Europe’s fastest-growing companies – confirming its position as a leading player for international business payments.