Issue and manage virtual accounts at scale — without the banking complexity
Give your customers dedicated virtual accounts for collections, wallets, and cross-border flows. Issue and manage pooled accounts, cash and liquidity positions, and in-house banking via a single touchpoint.
What FinCode’s Virtual Account Management does
FinCode gives you the infrastructure to issue, manage, and operate virtual accounts at scale, with compliance, security, and reporting built in.
Every customer, merchant, or transaction on your platform gets a unique account identifier. Your ledger updates in real time, and reconciliation runs itself. Zero growing ops burden as your volumes increase.
The problem your customers face today
Fintechs and corporates loose time and money to the same infrastructure gap: they need to assign unique account identifiers to customers, track money in and out per user, and reconcile everything accurately.
But setting up a physical bank account for every customer is slow, expensive, and operationally impossible. Virtual accounts solve this.
Simple virtual accounts for your customer’s banking needs
Issue virtual accounts instantly
Assign unique virtual account numbers, IBANs, or sort codes to each customer or business entity on your platform. Accounts are generated programmatically via API. No manual banking processes required.
Manage funds from a single master account
All virtual accounts sit under one (or a few) real physical accounts. Your treasury stays clean. Liquidity is pooled and visible. Movement of funds between accounts is controlled and auditable.
Route and collect payments automatically
Every payment made to a virtual account is automatically identified, matched to the right user, and posted to their sub-ledger. This eliminates manual matching or misallocations.
Reconcile in real time
Your ledger updates the moment a transaction occurs. Automated reconciliation between your master account and all virtual sub-accounts, flagging discrepancies instantly.
One infrastructure. Multiple revenue lines.
Collections & Receivables
Assign a unique virtual account to each customer, invoice, or payment campaign. Know exactly who paid, how much, and when without sifting through bulk bank statements. Ideal for:
- Fintechs collecting from multiple end users
- Corporates managing high-volume B2B payments
- Platforms receiving payments on behalf of merchants
Wallet Infrastructure
Use virtual accounts as the ledger backbone for your digital wallet product. Each wallet holder gets their own virtual account — giving you a clean, auditable record of every deposit, transfer, and withdrawal. No need to build a separate ledger from scratch.
Cross-Border & Remittance Flows
Issue multi-currency virtual accounts to support international collections and payouts. Customers can hold balances in multiple currencies under one profile. Ideal for remittance businesses, diaspora platforms, and cross-border marketplaces.
Programmable Account Issuance
Generate virtual accounts via API for individuals, businesses, or transactions. Configure account allocation rules to automate issuance at scale.
Multi-Currency Support
Issue virtual accounts in local and foreign currencies. Support fiat-to-fiat balances and enable real-time currency conversion for international use cases.
Automated Reconciliation
Every inflow is matched to its virtual account automatically. Internal and external reconciliation runs in real time, eliminating the manual work that creates errors and delays.
Hierarchical Account Structures
Build multi-entity or multi-tier account hierarchies — parent accounts, sub-accounts, merchant accounts — all mapped under a master ledger.
Interest & Earnings Configuration
Set earnable interest rates, commissions, or yield rules per account type or balance tier. Automate interest calculations and payouts — useful for savings products or corporate treasuries.
Built-in Compliance & KYC/KYB
Onboard customers compliantly with integrated eKYC and KYB workflows. Configure compliance tiers by region, account type, or transaction limit to meets regulatory requirements.
Real-Time Ledger & Reporting
Every transaction is posted instantly to the relevant virtual account sub-ledger. Access transaction histories, balance reports, and audit trails from your admin dashboard or via API.
Admin Dashboard & Role-Based Access
Manage your entire virtual account operation — account creation, balance monitoring, reconciliation, and user management — from one backend. Control access at every level.
CUSTOMER STORY
See how Finslack helped Kogopay build a socially conscious startup that provides virtual IBANs and mobile wallets to customers
Speed to market
Deploy virtual account infrastructure in weeks, not years. Integrates fast and go-live with our support at every step.
Built for global markets
Our infrastructure connects to local banking rails, mobile money networks, and cross-border payment corridors, so your virtual accounts work where your customers are.
Compliance is handled
We’ve done the regulatory groundwork across multiple supported jurisdictions. KYC, AML, transaction monitoring, it’s built in, not bolted on.
Scales with your growth
Multi-tenant, cloud-native architecture built to handle millions of virtual accounts and high-volume transaction throughput.
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