account number, currency and bic is used for identification, For businesses that do not use traditional bank accounts, such as payment gateways, the account number can be a different unique identifier like a phone number or an email address. Its primary function remains the same: to serve as the link between a customer and their financial operations.
By importing these accounts, our system can track operations and associate them with the correct individual or organization.
Account Balances
To make monitoring even more effective, you can track and update the Balance for any account. Providing periodic balance updates allows our system to look beyond individual transactions. By knowing the current “state” of an account, the monitoring rules can detect sophisticated patterns, such as sudden wealth spikes or accounts being emptied suspiciously fast.Key Details
- We support various formats for account numbers. You can use standard IBANs, local bank account numbers, or even crypto wallet addresses.
- Every account must be attached to a customer. An account cannot exist in the system without an owner.