Blog/
Product

Product Highlights: February 2022

Swati Teerdhala
Contributor
Date Published
(
March 1, 2022
)
Read Time
(
min
)

Embedded finance is clearly the future in technology and Bond is committed to building the best enterprise-grade embedded finance platform in the market. We’re excited to tell you about what we’ve been working on recently — including enhanced linking to external bank accounts, additions to our ACH functionality, the introduction of a brand new “Test Mode” in our sandbox, and much more.

Banking

Enhanced Account Linking 

You can now enable your customers to easily relink external bank accounts without having to re-enter their credentials or go through KYC again, simplifying the process of linking to external accounts.

Payments

New ACH Partner — Evolve Bank & Trust

We’ve added new ACH partners to the Bond network, making it even easier and faster for consumers to send and receive money. Bond is now fully integrated with Evolve for ACH capabilities, including ACH transfers and external account linking.

Updates to ACH Transaction Processing

We now provide immediate visibility and tracking of transaction processing status, ensuring you have consistent, high quality experience with our ACH service. All ACH transactions are processed same-day or next day, lowering the fraud risk for brands and making funds available faster for your users.

New ACH Alerts + Monitoring

We’ve added new alerts and monitoring data points to enable you and your customers to track status of ACH transactions, including ACH returns and rejections, ACH duplicates and ACH processing and status updates. Our daily reconciliation logic and operational monitoring enables robust transaction-level reconciliations.

Platform

Updates to Bond Comply

We’ve added the ability for manual KYC to our existing KYC functionalities through our integration with our partner, Persona. We’ve also streamlined our KYC exceptions process, allowing for quicker actions on exceptions and added the ability to provide email addresses and phone numbers prior to KYC, eliminating steps in the KYC flow.

We also added a new dynamic process to add known fraud users into Bond’s KYC and transaction validation process. This ensures safer, more secure customer transactions for all customers on the Bond platform.

Developer Experience

New Releases in the Bond Sandbox

We’ve released a new “Test Mode” to allow developers to toggle between their Sandbox and Production data and quickly see if their integration with Bond’s APIs are ready for launch into the production environment.

Ready to chat to learn more? Contact Bond. Still curious? Jump into our sandbox and start building your own fintech!