Updates to the Consumer due diligence process​

An additional step is being introduced to the Consumer KYC process flow, whereby individuals are now required to provide additional details. Details collected vary depending on the KYC level chosen.

The occupation and sourceOfFunds information that is currently collected via the Create Consumer API will be included in this new step for the individuals to fill in directly. The occupation and sourceOfFunds fields in the Create Consumer API are being deprecated and thus you do not need to request this information during your registration process.

The APIs effected are as follows:

• Post /multi/consumers

• Get /multi/consumers

• Patch /multi/consumers

• • rootUser.occupation, and sourceOfFunds and sourceOfFundsOther have been deprecated.
• • 409 SOURCE_OF_FUNDS_OTHER_MISSING has been removed.

• Post /multi/consumers/kyc

• • 409 SOURCE_OF_FUNDS_OTHER_MISSING has been removed

SEPA Instant wire transfers​

Wire transfers made within the European SEPA network will now use SEPA Instant Credit Transfer (SCT Inst – hereafter “SEPA Instant”) if the receiving bank supports this payment method.

Here are some more details:

• Outbound wire transfers up to €15k will automatically be routed via SEPA Instant, subject to an automatic check that the receiving bank/FI supports it.

• In cases where the receiving bank/FI does not support SEPA Instant, the payment will automatically fall back to normal SEPA and continue successfully, all else being correct.

• SEPA Instant provides payment rails that are available 24/7 and 365 days per year.

• Existing features and procedures of SEPA payments remain the same (such as EUR currency, SCA two-factor authentication requirement).

There are no additional charges for our customers to use SEPA Instant compared to the previous standard SEPA wire transfer fees. Enjoy!

View SCA enrolments and challenge history in the Innovator Portal​

You can now view the SCA enrolment status of your Corporate and Consumer users, directly from the Innovator portal.

All SCA challenge activity and history initiated by your users can also be tracked in the Innovator portal user’s details screen.

Duplicated OWTs in statement​

This change addresses a bug where OWTs appeared to be duplicated on the Managed Account Activity Statement in the portal.

The purpose of the two entries has now been made clear. One record shows the status of transaction, and the other record indicates when the debit entry has been made, reducing the account’s actual balance.

Example of how an OWT is shown at various stages:

OWT submitted and being processed:

OWT completed (funds sent from source instrument):

Data Insights Managed Outgoing Transfers dashboard enhancement​

Data Insights offers you the possibility to analyse your outgoing wire transfers via the Managed Accounts Outgoing Transfer dashboard. We have now enhanced the dashboard by including transfer type details to be able to distinguish between the different transfer types at transaction level.

Updates to the charge fees and access token back-office APIs​

A new /fees/charge endpoint has been added to the back-office API that replaces both the consumer and corporate charge fee endpoints.

A new /access_token endpoint has been added to the back-office API that replaces the /impersonate_identity_login.

Please note that the following back-office APIs have been marked as deprecated:

• corporates/fees/charge

• consumers/fees/charge

• impersonate_identity_login

Change of SMS Sender ID from "Weavr" to "AUTHMSG"​

We have made improvements to the Sender ID of the SMS that is sent during 3DS verification. “Weavr” will no longer be shown in the SMS and the SenderID shown in several countries will be “AUTHMSG” which is a more generalised Sender ID.

Data Insights Dashboard Enhancements​

We are continuously working on improving the functionality within Data Insights to allow you to analyse and understand your data better. As part of this release, we have worked on enhancing our dashboards by introducing the following functionality:

1. A new filter has been added across all dashboards (where applicable), which gives you the option to filter activity within the platform at ‘Programme Name’ level. This is especially beneficial in cases where a number of sub-programmes/applications are set up within your profile.

2. The detailed table within the Physical Cards Overview table has been updated to also include the 'Physical Delivery Tracking Number'.

Mobile Friendly Data Insights​

We’ve improved the data insights tab in the Innovator portal. You can now view and interact with the dashboards from your mobile device.

Resend invites to Directors and Representatives directly from the Innovator Portal​

You can now resend invites to Directors and Representatives to complete their KYC from the Innovator Portal. This is particularly useful if they missed the email or the link that was originally sent to them, has expired.

Note that you can only resend the invite if the director’s / representative’s KYC status is marked as Initiated.

Weavr Back-Office APIs​

The Weavr Back-Office API is a RESTful API that enables you to automate operations for your end-customers. The API includes a subset of the operations already offered in the Weavr Multi API that do not require your end-customer to be logged in.

In this release we will be adding the following operations to the API:

• Charge fee to a corporate
• Charge fee to a consumer
• Get a managed account's details
• Get a managed account statement
• Get a managed card statement
• Create/get a transfer transaction
• Un/block cards

Read the Back Office API guide to learn more on how to integrate and make use of the API.

New error code for KYC Level 1 nationality restrictions​

An additional conflict error code has been added when initiating KYC for a consumer for which the indicated KYC level is not sufficient.

KYC Level 1 is not allowed for individuals with a nationality outside of the EEA or UK. In this case the individual would need to be onboarded at a higher KYC level - a 409 error code KYC_LEVEL_NOT_ALLOWED will be returned in order to indicate this.

Affected API

• POST /consumers/kyc
• POST /consumers/kyc_mobile_sumsub