TallyMoney Powers Virtual Accounts and Token Transactions with Integrated Finance
Learn how TallyMoney launched virtual accounts and customised token transaction flows using Integrated Finance’s orchestration-first BaaS platform
Challenges
- Issue virtual accounts to end users for collecting deposits
- Automate token purchases when fiat is received
- Enable custom flows of funds to support gold-backed token transactions
- Do this within a compliant, regulated banking environment without becoming an EMI
- They couldn’t find a BaaS partner flexible enough to support their highly tailored flow
Benefits
- Automate issuing GBP virtual accounts to each end user
- Orchestrate the purchase and sale of Tally tokens based on inbound transactions
- Create custom flow logic: Deposit triggers token purchase & redemption triggers Tally liquidation and payout
- Leverage IF’s orchestration engine to integrate with treasury, FX, and compliance partners
TallyMoney is a UK-based fintech redefining money. Each Tally unit is a 1-to-1 representation of a milligram of physical gold. Their mission is to give customers access to stable, inflation-resistant value — while using Tally like traditional money via accounts, cards, and transfers.
Find a BaaS partner flexible enough to support a highly tailored flow of funds
One size does not fit all when it comes to banking. Attitutes to risk differ between use cases, geographies and customer type. Tally Money were able to build complex, multi-provider fund flows using the Integrated Finance API in a compliant and highly controlled way.
No custom bank logic or manual reconciliation required
The Integrated Finance platform provides a unified account model across all account providers meaning Tally Money did not have waste time building custom logic and could focus on delivering features for their customers
Future-ready for international expansion
Global expansion is the goal for every business. In a regulated industry, serving customers in different places requires additional licences, different regulatory & compliance flows. Tally Money can expand the EU by using existing regualtory coverage offered by Integrated Finance save months of addition leg work
< 2
months to launch
70%
reduction in development costs
3x
control over our fund flow