Maritime
Banking-as-a-Service

What is Maritime Banking-as-a-Service

Maritime Banking-as-a-Service (MBaaS) is a unified financial infrastructure designed specifically for the realities of global shipping.

Shipping operations span multiple jurisdictions, currencies, and stakeholders, from crew and vessels to ports, suppliers, and bunker providers. Yet the financial systems supporting these operations remain fragmented, manual, and high-risk.

MBaaS replaces these legacy workflows with a single, digital operating model. Built on Pannovate's orchestration engine, it brings crew payroll, vessel spending, port fees, supplier payments, treasury, and compliance into one controlled, real-time platform, purpose-built for maritime operations.

Key Features

MBaaS is built as a modular financial operating model, allowing shipping companies to control how money moves across vessels, voyages, crews, ports, and suppliers, without relying on fragmented systems or manual processes.

At its core is a multi-currency wallet and virtual account infrastructure, enabling funds to be allocated at vessel, voyage, and departmental level. Payments, cards, FX, and compliance are orchestrated through a single platform, providing real-time visibility and control across the fleet.

MBaaS is delivered as a configurable ecosystem of capabilities, including:

Crew payroll and welfare
Vessel and voyage spending
Port and agent payments
Supplier and bunker settlements
Fleet-level financial intelligence
FX and treasury management
Identity and compliance controls

Each module operates independently, yet integrates seamlessly into a single, auditable financial framework.

How it Works

MBaaS operates through a structured, end-to-end financial system designed to mirror how shipping companies actually run their fleets.

Maritime Banking-as-a-Service orchestration flow diagram

How it works

Automated Payments, Compliance, and Approvals

Funds are held in multi-currency wallets and virtual accounts, which can be allocated at vessel, voyage, or departmental level. Payments are executed through controlled workflows using digital accounts and cards, while identity, compliance, and approvals are enforced automatically in the background.

How it works

An orchestration layer connects wallets, cards, FX, compliance, and reporting into a single operating framework. This ensures that every transaction from crew wages to port fees and bunker payments, is processed securely, reconciled in real time, and fully auditable.

Crew member on ship ladder representing orchestration flow

How it works

Integrated Orchestration Across Your Fleet

The result is a unified system that replaces manual handoffs, paper processes, and fragmented banking relationships with a single, digital financial flow across the fleet.

Key Benefits

MBaaS delivers measurable improvements across operational efficiency, financial control, and governance.
By digitising and unifying maritime financial workflows, operators gain real-time visibility into how funds move across vessels, voyages, and the wider supply chain, reducing cost, risk, and manual overhead.

Reduced reliance on cash and manual processes

Improved control over vessel and voyage spending

Faster settlement of port, supplier, and bunker payments

Lower FX leakage through consolidated treasury management

Greater transparency and audit-ready financial records

Stronger compliance across jurisdictions

Improved crew satisfaction through reliable, timely payments

MBaaS enables finance teams to operate with the same speed and precision as vessel operations, while maintaining full oversight at fleet level.