FV Bank, a digital bank, has introduced its first application programming interface (API) to advance bank automation and integration for its clients’ operations.
FV Bank’s new API will provide multiple benefits to corporate and institutional clients who need to integrate compliant banking solutions into its products. The API will enable firms to reduce operating costs and effortlessly scale their operations through automating data flows and payments systems.
The new API also provides real time webhook notifications for incoming and outgoing payment and transaction reconciliation — creating a better experience for both firms and their customers.
FV Bank’s API will also enable clients to integrate banking solutions into their own fintech and blockchain applications enabling USD Bank Account functionality to their customers. The API facilitates instant transfer of funds to their customers’ FV Bank Account enabling real time payouts and, when permissioned, to request funds from a customer’s FV Bank account and access balance and transaction history data.
Future releases of the API will include integration with FV Bank’s digital asset trust and custody services, opening up the ability for fintech and blockchain creators to develop exciting new products while maintaining compliance with a regulated banking partner
“We founded FV Bank, to foster growth between banks and fintech creators,” said Miles Paschini, co-founder and CEO FV Bank. “Our new API will allow customers to seamlessly integrate payments and banking into their platforms and improve customer experiences. With our API FV Bank clients can create compliant banking experiences directly with a bank partner instead of using an intermediary Bank as a Service (BaaS) provider. Our goal is to vertically integrate and provide the regulatory and compliance functions of a bank and also deliver the tech solutions directly to our customers.”
