Payments and Banking

“The flexibility of Finxone’s payment system ensures that businesses can build applications that meet their unique requirements.”

Payments and Banking

Finxone customers can make flexible payments applications

Finxone is a potent platform that empowers businesses to rapidly and easily develop innovative banking applications. One of its standout features is its capability to provide flexible payments in banking applications, which sets it apart from other platforms.

Finxone’s payment options are adaptable because the platform can control the timing of a payment release. This implies that businesses can apply various scenarios to suit their specific needs. For instance, a deal room feature can be added, where payment for a high-value product, such as a house or car, will only be released once an agreement has been reached by invited deal room guests.

In another scenario, a tiered user system, such as a boat captain and crew, can be implemented. Payments up to a certain value do not require the captain’s permission, but payments exceeding a specified amount require the captain’s approval. Additionally, a family banking account can be created where parents can control the payment cards of their children, setting limits on spending and conditional top-ups for their accounts based on their children’s chores.

Overall, Finxone is a highly innovative and flexible platform that enables businesses to easily build and customise their banking applications. Its advanced payment scenarios and customisable features make it an excellent choice for businesses looking to build innovative banking applications that meet their unique needs.

Release payments upon consensus

Payment authorisation

child account payment control

The flexibility of Finxone’s payment system ensures that businesses can build applications that meet their unique requirements. It also helps businesses to provide an enhanced customer experience, by providing secure and easy-to-use payment functionality. With Finxone, businesses can build banking applications that are tailored to their needs, enabling them to stand out in a crowded market.

Payments and Banking

Bank accounts are a fundamental aspect of personal finance, and it is important to choose the right type of account that best meets your financial goals. The three most popular types of bank accounts are current accounts, savings accounts, and money market accounts, each with its unique features.

Current accounts are primarily used for everyday transactions, such as paying bills and making purchases. These accounts typically come with a debit card that allows for easy access to funds. Current accounts generally offer lower interest rates compared to savings accounts, but they offer easy liquidity for customers to access their money when needed.

Savings accounts are designed for long-term savings goals and typically offer higher interest rates than checking accounts. These accounts are ideal for customers who want to build an emergency fund, save for a down payment on a home, or plan for other long-term financial goals.

Money market accounts are a type of savings account that offers higher interest rates than traditional savings accounts, while still allowing customers to access their funds. Money market accounts often come with limited check-writing abilities, which makes them a hybrid between a current and a savings account.

At Finxone, customers can easily create custom financial applications that function as different types of bank accounts by using our powerful nocode platform. Our platform allows customers to tailor their financial applications to meet their unique requirements, including creating current, savings, and money market accounts.

Our platform offers seamless integration with banking APIs, which makes it easy to connect to third-party financial institutions and offer a range of banking services to customers. This makes it easier for businesses to provide their customers with the same level of banking services that traditional banks offer, while maintaining a high level of customisation and flexibility to meet their specific needs.