How can I automate internal transfers, fee sweeps, and balance tracking — so ops don’t have to do it manually
How can I automate internal transfers, fee sweeps, and balance tracking — so ops don’t have to do it manually
Our technology
Programatic Ledger
What you get
Technical Advantages
- Real-Time Transaction Recording & Audit Trail
- Real-Time Balance Updates & Inquiry
- Flexible Multi-Account Structure & Segregation
- Multi-Currency Support & FX Conversion
- Custom/Internal Transactions
- Fee Collection: Any fees related to a transaction are recorded separately and collected into an organization account designated as the Fee Collection Account
- Card Transaction Collection: Amounts spent by clients via card are collected into an organization account designated as the Card Collection Account. This automation helps streamline payments to the issuer.
- Suspended Funds Collection: Any transfers that are rejected due to compliance issues (incoming or outgoing) are moved to an organization account designated as the Suspense Account
- Generic Transaction Collection: Some generic transactions may require an operational transfer. If this is the case, they are also handled through a collection account
- Highly secure, agnostic and fully redundant infrastructure platform
- Best-in-class back office portal for your finance and ops teams
- No need to build a ledger system for issuing client and house accounts
- No need to build workflows for complex money movements between issued house and client accounts
- No need to build necessary logic required to manage account lifecycles, track account balances and record transactions
- Fund collection automation
- Instant Collection: each transaction’s related amount is collected individually after the transaction is updated to the required state
- Deffered Collection: amounts for each reason are recorded in separate buckets or ledgers. At the end of each hour, the aggregated amounts are collected in a single transfer
- Reduced total cost of ownership across direct, indirect and opportunity development costs
- Reduced risks associated with software security and regulatory compliance
- Faster time to market
- Utilise a variety of webhooks to action multiple workflows to build your Fintech product
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