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A virtual ledger is a way to represent financial transactions and balances in a digital format, often within a software system or platform, that provides a more flexible and adaptable approach than traditional physical ledgers. It allows for real-time visibility, reporting, and control over financial data, and can be used to track various aspects of a business’s finances, including cash flow, accounts receivable, and payables

A virtual bank ledger, also known as a virtual account or sub-ledger, is a system that allows financial institutions to manage and reconcile transactions above their legacy core system. It’s a sophisticated technology that is a more flexible and adaptable approach than traditional core banking ledgers. Virtual ledgers process in real-time, providing intraday visibility into program and bank operating accounts and funds flows while still providing end-of-day settlement to the bank’s general ledger. Interlace virtual ledger also provides seamless, straight-through processing of payments.

Yes. Infinant maintains SOC 1, SOC 2, and PCI compliance as part of our CISO program and policies, with external audits performed by a certified third party.

While the Interlace Platform provides FDX-enabled APIs for the bank or their partners to connect their applications, the solution is a Banking Platform that also provides bank account ledgering, interest calculations, statements, account activity tracking, centralized payment processing, card issuance, and more. With these capabilities, the platform solves for the limitations of the core system versus API middleware solutions that wrap the limitations in proprietary API schemas.

A virtual bank ledger, also known as a virtual account or sub-ledger, is a system that allows financial institutions to manage and reconcile transactions above their legacy core system. It’s a sophisticated technology that is a more flexible and adaptable approach than traditional core banking ledgers. Virtual ledgers process in real-time, providing intraday visibility into program and bank operating accounts and funds flows while still providing end-of-day settlement to the bank’s general ledger. Interlace virtual ledger also provides seamless, straight-through processing of payments.

A strong Yes. The Interlace Platform was purpose-built for modern banking and segments customer and operating accounts by program through the use of a tenant identification structure. This allows the bank to define products, fees, and interest rates, for instance, by program, including capabilities to brand statements and cards by individual programs.

Absolutely. Infinant is a third-party service provider of the FRB, allowing Interlace to provide ACH ODFI/RDFI processing, FedWire processing compliant with the latest ISO standard, as well as real-time payments – all accessible through individual APIs or a universal payment API with smart routing.

Absolutely, the Interlace Platform is capable of orchestrating payments through a bank partner or natively on Interlace to the Federal Reserve for ACH, wire, and instant payments.

No. Infinant offers a software-as-a-service model and manages the platform infrastructure.

Yes, Infinant’s Interlace platform has optionality to manage the bank accounts, statements, fees, and interest while interfacing to third-party card processors that the bank or fintech may already have. Many of our banks have a multi-channel approach where we include management and payments for partners such as Galileo, i2C, Marqeta, etc.

We do not require our bank clients to introduce regulatory risk via tri-party agreements. Our banks work directly with fintech, companies, and brands without Infinant needing to hold a contract with that partner – the result is better economics for the bank and partner, along with reduced regulatory scrutiny

Infinant offers a specific Interlace Platform configuration we term the “Digital Twin,” and it is enabled to easily ingest customer, account, and transactional data from your partner so that you can have real-time access to the data via our Interlace Console.

Yes, the Interlace ledger is a flexible virtual ledger that supports hierarchical structures, so the bank or their partner can set up sub-accounts on Interlace that roll up in real-time to a master account, and that is mirrored between Interlace and the core system. This powers the ability for the bank to enhance their user experience for HOAs, law firms, government municipalities, commercial real estate, and more.

Yes. The platform is a multi-product, multi-channel system that allows each program to define separate products and fee schedules. This allows the bank to track fees across the end user, the partner, and the bank.

Yes. One of the key benefits of Infinant’s bank network is the ability for a fintech to integrate once and then have access to multiple banks – for the purposes of product selection, risk mitigation, and deposit scaling.

Absolutely. This is the predominant configuration for our banks.

Yes. Our banking ledger can calculate interest, including tiered interest rates across end-user accounts, partner program accounts, and bank operating accounts.

Yes. We can produce statements branded by program for the bank, including end-of-year 1099s.

No, the Interlace platform is a capability layer that sits above your core and acts as a sub-ledger. This is different than a typical side-car core, which replicates the entire stack and often acts independently of your core system.

That is not required, which greatly reduces your cost of implementation (or having to license your core’s API layer) and efficiency in launching your programs.