for simple integration and flexibility to support future features
linking account behaviour to events, transactions, limits, etc.
full control of features; multiple APR rates, fees, rewards, billing cycles, repayment plans, etc.
to fast track integration and test products before launch
with AWS, but banks can deploy to their own cloud provider
CRM and workflow systems call BOX restful APIs to manage accounts, for example:
BOX generates data for General Ledger system:
Third party card processors provide the connection to Visa and Mastercard and manage the card lifecycle.
Third party payment processors provide the connection to payment network for direct debit, faster payments, ACH, etc.