Jane leads Marketing at Synctera, helping the world understand why Synctera is the best platform for building FinTech apps and embedded banking
Synctera Line of Credit launched
We announced the alpha launch of Synctera Line of Credit. A BaaS industry first, Synctera Line of Credit allows both FinTech developers and established companies to quickly create innovative lending products or embed lending services into existing offerings. For FinTech developers building with the Synctera platform, Line of Credit is available immediately via a ready-to-use API.
Address verification data now available for transactions
FinTechs can now see the request and response of the Address Verification Service (AVS) call that is executed during card transaction processing. This provides them with more insight into potential declines or fraud. When available, the address_verification object is now included in the user_data structure for each transaction.
Updated External Accounts page in the Synctera Console
In the Synctera Console, the External Accounts page, which shows information about an external account to which a FinTech customer has linked his/her account, has been updated to show which provider (if any) verified the account, when the initial verification occurred, and when any subsequent verifications occurred. Users can access the External Accounts page via the Customers tab in the Synctera Console.
In an effort to prevent fraud, we've added the ability to ban identities on our platform. If an identity has been confirmed to be associated with fraud, Synctera Console users can choose to ban that identity with enforcement based on tenant access. Banning an identity will prevent money movement for all created personal customers matching that identity. Any new personal customers with matching identity information will also enter a banned state, preventing any actions such as KYC that might cause you to incur fees. For accounts associated with banned customers, your operations team should zero out the balance in a suspense account and close the account.
Subscribe to newsletter
Subscribe to receive the latest blog posts to your inbox every week.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Great FinTech apps get built and scaled on Synctera’s end-to-end platform.
Get started to learn how Synctera can bring your product vision to life
Synctera and featured clients are financial technology companies and not a bank. Banking services are provided by Synctera's partner banks who are Member FDIC. Mastercard® Debit Cards are issued by Synctera's partner banks pursuant to a license from Mastercard® and may be used everywhere Mastercard® debit cards are accepted.
Synctera Canada is a registered Money Service Business with FINTRAC. Synctera Canada is not a financial institution. Banking services are provided by Synctera Canada’s partner banks who are CDIC members. Mastercard® Prepaid Cards are issued by Synctera’s partner banks pursuant to a license from Mastercard® and may be used everywhere Mastercard® is accepted.