FAQs
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About the Platform
SpotBanc is a digital financial platform for organisations whose business model/activities depends on managing accounts eg neobanks, lending management, virtual account management, payment factory/payments-on-behalf-of (POBO) and COBO.
SpotBanc helps these organisations build and deliver finished financial products to the market in a timely manner by leveraging highly customizable UI features and system functionalities on SpotBanc.
With SpotBanc you can create and launch any solution that does with managing client’s money or assets. These include but not limited to: electronic money service application, virtual account management system, neobank, lending app/system, remittance/cross-border payment solution, digital wallets and wallet management systems, portfolio management system, and crowdfunding platform.
No. This is a straightforward process that allows you to import data into the system through a complex API. Data will be mapped out throughout to ensure that the original data corresponds with its new data fields, and this will be entirely taken care of by our expert software engineers.
Spotbanc is a ready-to-use Application, partners can be up and running within 10 Minutes.
No. Spotbanc is modelled as a Platform-as-a-service and so leased out to partners. You are at liberty to customize Spotbanc to your brand model and colours.
Certainly! You can run reports and export information to common file formats including .pdf and Excel or any application that supports .csv files.
Yes, Spotbanc supports all languages. Feel free to switch and use the languages you prefer.
Yes. Spotbanc is a white label solution that supports the personalization of application interfaces to your brand colour and logo.
The set-up is done on the admin side by indicating the several currencies you want your customers to have access to. Then you can proceed to create accounts in the pre-set currencies.
Yes. Spotbanc is enriched with powerful compliance features specific to each country. Transactions are checked for compliance in either a sending or receiving country. In addition to that, the system allows you to define your own compliance rules and how it should apply.
The platform is built with the latest technology and has passed several security tests, all personal information is end to end encrypted.
Service to your customers
Yes, your clients can self on-board by completing the KYC procedures and meeting the information requirements you set up.
No. For ID verification your customer will need a connection to the internet (Wi-Fi, mobile network).
If your customer forgets his/her password, the system will allow him/her to generate a new password using the automated password reset facility.
The Spotbanc account can be funded by bank transfer (from a different card/bank account or cash from a Bank branch) and currency exchange (between existing wallets in the app).
Those services are possible by connecting Spotbanc with a Money Transfer Application, a sister product that serves as a core banking platform. The system allows you/us to set up a payment gateway service via switch while utilizing APIs. Our system will process the payment in real-time.
All transactions have their status that informs the customer of the state of the transaction.
Yes, you can accept into customers’ accounts and allow withdrawal or transfer of funds from here, dealing with different banks your business partners with.
Yes. Inbuilt communication tools like Live Chat, SMS, Email notification template, Bulk SMS, and more serve as a help desk to enable you to attend to customers issues.
Yes. Spotbanc is accessible via web and mobile applications.
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