It’s a visual “drag and drop” editor that will generate the routes necessary to use Allison services. Instead of programming everything manually, Allison abstracts and automates the code, so that you can paste it into your app.
Allison adheres to the most diligent requirements for Know-Your-Business. As such, there will be a detailed assessment that a Fintech customer will need to complete prior to being issued production environment access. This includes, but is not limited to: verification of the company registration, business license updates, and identity of directors and other owners. Requirements may range from addresses and date of birth, to passport, driving license and bank statement(s). However, A Fintech customer need only provide a business email to gain access to the sandbox environment. The sandbox environment is for test transactions only.
A virtual financial container is a digitally created and managed account for an individual or an entity. This account exists within Allison and sits underneath a Master account at a Community Bank, assigned to your Fintech company. It can hold money, or anything of financial value.
Allison is the technology provide that connects your Fintech to a Community Bank. All contractual banking relationships are directly with the respective Community Bank.
No. Allison is a technology provider that leverages the banking services of a Community Bank. The only services provided are related to depository banking.
No. At this time, a Fintech can only connect to a single Community Bank, at any given time.
Yes. If you want to use Allison within your existing Fintech program, or want to create a new revenue source by starting one, contact us here: firstname.lastname@example.org
Allison can be tailored to meet the specific needs of your internal policies and procedures. While Allison is not compliance software, we do use a third-party Partner to ensure all regulatory requirements are met.