MirWare

What MirWare does

MirWare SRL is an independent Italian software and advisory firm founded in 2014 and headquartered in Verona, specializing in Business Intelligence solutions for financial institutions and corporate treasury functions. The company's offering is structured as a platform-plus-modules architecture centered on MEX Cube, a server-based Microsoft platform that ingests and structures SWIFT FIN, XML ISO 20022, and domestic banking messages into customizable data marts exportable to Excel, Power BI, or web interface, complemented by BicDetective, a standalone desktop SWIFT message analyzer. Adjacent modules include Cash Monitor (liquidity and cash flow reporting with 30 dashboard views), Gestione della Tesoreria (cash pooling implementation across physical, notional, and hybrid structures), and Controllo di Gestione (Power BI-based management control dashboards), all built on a Microsoft BI stack with integrations to ERP systems and home banking platforms.

The company monetizes through three primary streams: multi-year advisory engagements under the Transaction Banking Lab brand covering GTB service model, organizational, commercial, and operational optimization for banks; software licensing and SaaS deployment of MEX Cube and BicDetective; and recurring Cash Monitor subscriptions bundled with Power BI dashboard development for corporate clients. Go-to-market is sales-led and relationship-driven, with direct enterprise field sales, video-call discovery meetings, custom project-based pricing, and multi-year contract structures. Disclosed named clients are concentrated in Italian banking (ICCREA Banca, UBI Banca, Banca Intesa) with additional corporate case studies in industrial engineering and infrastructure.

The firm operates with 1-10 employees under the leadership of CEO Flavio Caricasole, a former senior banker at UniCredit and head of Foreign Commercial Services and Payment Systems at Gruppo UBI Banca, who also teaches International Banking at Università Cattolica del Sacro Cuore. MirWare is privately held with no disclosed external funding, parent company, or institutional investors, and operates exclusively under NDA-based on-premise or local-cloud deployments with no third-party data exchange, positioning compliance and data confidentiality as a structural selling point against cloud-native BI competitors.

Name

MirWare

Legal name

MirWare SRL

Website

https://mirware.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Financial Business Intelligence Software

NAICS

Computer Systems Design and Related Services (54151), Software Publishers (5132)

akta.pro primary industry

AI/ML Solution Integration & MLOps Enablement (BPAEAAAJ)

Keywords

• Transaction banking intelligence
• SWIFT message analytics
• Cash management reporting
• Management control dashboards
• Treasury management software

Headquarters

HQ city

Verona

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Transaction Banking Lab Advisory Services: Consulting engagements for banks covering GTB service model, organizational model, commercial model, and operational model optimization. Projects include ICCREA BANCA (2019-2022), UBI BANCA (2018-2019), and BANCA INTESA (2017-2018).
2. MEX Cube Software Licensing: On-premise, on-cloud, or SaaS deployment of MEX Cube platform for banks to process SWIFT messages. Includes workspace customization, data warehouse, and preformatted or custom data marts and cubes.
3. BicDetective Software: Standalone desktop application sold to banks for SWIFT message analysis. Single license includes extraction, conversion, and Excel report generation.
4. Corporate Intelligence Services: Power BI dashboard development and management control reporting for enterprises. Includes Cash Monitor subscription for liquidity monitoring and cash pooling implementation support.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

MirWare is an independent Italian software company that provides Business Intelligence solutions for banks and corporate enterprises. Its core offering is the MEX Cube platform for ingesting and valorizing SWIFT FIN, XML ISO 20022, and domestic banking messages into structured data assets, complemented by BicDetective (standalone SWIFT analysis tool), Cash Monitor (interactive bank-account/liquidity reporting), and the Transaction Banking Lab advisory practice covering GTB service model, organizational model, commercial model, and operational model optimization.

Product overview

MirWare is an independent company specializing in Business Intelligence solutions for banks and enterprises. The offering is a platform-plus-modules architecture centered on MEX Cube (the core data management platform for SWIFT and ISO 20022 messages) and BicDetective (standalone analysis tool), supplemented by specialized reporting modules (Reportistica Standard, Reportistica Custom), corporate intelligence tools (Cash Monitor, Gestione della Tesoreria, Controllo di Gestione), and advisory services (Transaction Banking Lab). The company transforms complex data into dynamic, personalized reports using Microsoft Power BI, helping enterprises reduce Excel dependency and improve strategic reporting, management control, and treasury management.

Differentiator

Problem solved

Functional benefit

Brands

• BicDetective: Stand-alone application for end-user analysis and study of SWIFT FIN and XML messages directly on PC workstation
• MEX Cube
• Cash Monitor
• Transaction Banking Lab (TBLab)

Products and services

• MEX Cube Server-based software solution on Microsoft technology for managing and valorizing SWIFT banking messages (FIN, XML ISO 20022, domestic standards). Transforms banking messages into structured data assets via a data warehouse, customizable data marts, and preformatted or custom cubes, exportable to Excel, Power BI, or a web interface.
• BicDetective Stand-alone desktop application for end-user analysis and study of SWIFT FIN and XML messages directly on a PC workstation, with no impact on ICT systems. Processes SWIFT messages in native format for extraction, conversion, and Excel report generation.
• Reportistica Standard da Remoto Remote standard reporting service that provides correspondent banking analysis, clearer analysis, payment analysis, documentary credits analysis, international guarantees analysis, SWIFT broadcast analysis, and compliance risk area analysis based on SWIFT messages.
• Reportistica Custom Custom benchmarking analysis, spot marketing, and on-demand report services tailored to specific client requirements and accessible through Microsoft tools.
• Cash Monitor Interactive reporting tool that maps and analyzes bank account activity and cash flow trends, providing 30 dashboard views including operational analysis, monthly inflows/outflows, period averages, and potential interest savings estimates from liquidity centralization.
• Gestione della Tesoreria (Cash Pooling) Treasury management service including cash pooling analysis, implementation support (physical, notional, or hybrid), bank negotiation assistance, and operational setup for Target Balance and Zero Balance automated services.
• Controllo di Gestione Management control reporting service that automates Power BI dashboards for cost monitoring, margin analysis by customer/project/BU, and consolidated business performance reporting.
• Transaction Banking Lab (TBLab) Advisory and consulting services for banks covering GTB service model redesign, organizational model development, commercial model development, operational model optimization, and IT solution implementation support.

Quantifiable outcome

• 80% reduction in time spent on manual activities for management reporting
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• ICCREA BANCAcoreStrategic or Co-development Partner · 1 January 2019Multi-year engagement (2019-2022) for GTB service model revision including introduction of GTB indicators and Power BI tools for commercial direction, analysis and relaunch of GTB offering for SME clientele, redesign of organizational model, and support for corporate network with cross-border flow reporting.
• UBI BANCAcoreStrategic or Co-development Partner · 1 January 2018Engagement (2018-2019) for due diligence optimization on correspondent foreign banks (Accounts and RMA) with introduction of structured process and priority criteria for backlog processing.
• BANCA INTESAcoreStrategic or Co-development Partner · 1 January 2017Internal GTB assessment (2017-2018) including interviews with key figures to support management decisions on evolution of organizational, service, and commercial model of the Group.

Scale indicators1 record

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Qlik: Global BI and data analytics platform used by banks and large enterprises for dashboards, reporting, and data integration. Comparable as a broader BI platform that MirWare's Power BI-based delivery ecosystem competes and partners with.
• SAS: Global analytics and BI software vendor with deep presence in banking, fraud, anti-money laundering, and risk analytics. MirWare's Power BI-based and SWIFT-analytics offerings sit in an adjacent niche where SAS competes as a more comprehensive, enterprise-grade incumbent.
• Temenos: Major global banking software vendor offering core banking, payments, and analytics platforms. Overlaps with MirWare's correspondent banking and GTB analytics at the platform layer that banks rely on for transaction processing and reporting.
• Cerved: Italy's largest business information and analytics provider, serving banks, corporates, and institutions with credit data, business intelligence, and risk analytics. Comparable as a domestic Italian data-and-analytics incumbent serving the banking segment, though with a much broader product portfolio.
• CRIF: Italy-headquartered global company providing credit information, decisioning, and analytics solutions to banks, financial institutions, and corporates. Overlaps with MirWare in banking data analytics and Italy-centric delivery, but operates at much larger scale across credit bureaus and consumer finance.

Emerging players

• Tink: European open banking data aggregation and analytics platform serving banks and fintechs. Comparable in the financial-data-and-banking-nexus, though with a PSD2-driven open-banking model versus MirWare's on-premise SWIFT analytics approach.
• Plaid: Global financial data connectivity and analytics platform connecting bank accounts to applications. Comparable in transforming raw banking data into structured, analyzable intelligence, though primarily consumer/open-banking focused versus MirWare's SWIFT corporate-banking focus.

Direct peers

• Prometeia: Italian financial services consultancy and software firm specializing in risk management, wealth management, and transaction banking analytics for Italian and European banks. Highly comparable in geographic focus, customer base (Italian banks), and the blend of advisory services with proprietary software offerings.

Regional players

• Modefinance: Italian fintech offering credit ratings, risk analytics, and ESG scoring platforms. Comparable as an Italy-based fintech serving financial institutions with proprietary analytics, though focused on credit rating and risk rather than SWIFT/GTB transaction analytics.

Others

• CGI Group: Large IT consulting and systems integration firm with significant banking practice in Europe, offering data, analytics, and transaction banking services to financial institutions. Comparable in delivering IT consulting and BI-style solutions to European banks, though at vastly larger scale and breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/transaction-banking-lab-by-mirware-7963131bb

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MirWare