Either they signup via our portals or via API, you have all the tools you need to collect your customer details and consent - Build GDPR complaint workflows and simply your Backend development.
Once the Account is created you can upload supporting documents, validate the account, activate his device and other validation tools - Custom development also optional.
Each Account on the platform has its own balance account and once balance is added he can transfer funds from one account to the other on the platform. Transfer limits can be configured to make sure balances are transferred within Regulation limits.
Take control of your currency exposure, allow your accounts to transfer between currencies and convert with ease while maintaining your margin and spreads. All conversions are logged and presented for future reconciliation.
We understand that even financial application have a social element and that is why we added support for Friend requests and Friend relation group to allow you to build the social elements of your product using our product.
Money-In is a basic functionality, the BIG question is how to handle Money-Out - Use our Wire module to take control of your payouts along with cost management and fee structures. Automated Payouts are available with Selected Banks.
Our Admin portal is the main interface where you will manage your activity - the admin will be the center that will define the permissions and monitor all other interfaces.
Every Balance Request leads to movement of funds between account, one account receives money, the other sends it, fees needs to be deducted and credited - ALL these interactions are called Balance Rows.
All of our "Accounts" (Merchants/Corporates/Customers/Affiliates and even Banks) have a Balance account allowing them to transfer their balance freely within the system and even request to transfer to a third party beneficiary if needed.