San Juan, Puerto Rico, Feb. 25, 2022 (GLOBE NEWSWIRE) — (via Blockchain Wire<\/a>)\u00a0FV Bank<\/a> (www.fvbank.us<\/a>), the U.S. licensed global digital bank that offers a vertically-integrated suite of traditional and digital asset banking and custody services to fintech and blockchain firms, has introduced its first application programming interface (API) to advance bank automation and integration for its clients\u2019 operations.<\/p>\n FV Bank\u2019s 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.\u00a0<\/p>\n The API will streamline everything from the creation of beneficiaries and payments including ACH, Domestic Wire, International wires and internal transfers using FVNet. When creating beneficiaries and payments, for example compliance functions automatically run in the background including sanctions screenings to ensure AML compliance. The new API also provides real time webhook notifications for incoming and outgoing payment and transaction reconciliation \u2014 creating a better experience for both firms and their customers.<\/p>\n \u201cWe founded FV Bank, to foster growth between banks and fintech creators,\u201d said Miles Paschini, co-founder and CEO FV Bank. \u201cOur new API will allow customers to seamlessly integrate payments and banking into their platforms and improve customer experiences. \u00a0With 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.”\u00a0<\/p>\n FV Bank\u2019s API will also enable clients to integrate \u00a0banking 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\u2019 FV Bank Account enabling real time payouts and, when permissioned, to request funds from a customer\u2019s FV Bank account and access balance and transaction history data.\u00a0<\/p>\n Future releases of the API will include integration with FV Bank\u2019s 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.<\/p>\n FV Bank also recently announced a strategic investment in\u00a0<\/a>DIRO<\/a>, and integration of DIRO\u2019s patented\u00a0Decentralized Document and Entity Verification Engine technology\u00a0solution into its account opening protocols to facilitate compliant automation\u00a0of its Know Your Customer (KYC) and Know Your Business (KYB) processes.<\/p>\n About FV Bank<\/a>\u00a0\u00a0<\/strong><\/p>\n Founded in 2018 by payments veterans Miles Paschini and Nitin Agarwal,\u00a0FV Bank International<\/a>\u00a0is redefining digital banking. Fully licensed by the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF), FV Bank supports the growth and unique requirements of Fintech and blockchain companies and their clients through seamlessly integrating traditional banking services with digital asset management.<\/p>\n For more information, please visit:\u00a0<\/a>https:\/\/www.fvbank.us\/<\/a>\u00a0<\/p>\n Connect with FV Bank on\u00a0twitter<\/a>\u00a0and\u00a0LinkedIn<\/a><\/p>\n![](\"https:\/\/ml.globenewswire.com\/media\/MmZhZDc0MmItYmI5ZS00MWNmLWFmYjMtYTE2YjBkM2U5M2EwLTUwMDA4MTQ2Mw==\/tiny\/FV-Bank.png\")
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