DashDevs, a fintech product development company that designs, builds, and scales regulated financial products, today announced a banking module update in Fintech Core by DashDevs. Before this release, a business on this deployment could only register and pass KYB. Now a verified company gets its own multi-currency accounts at IFX Payments, receives money from any bank and sends money out via Faster Payments, SEPA and SWIFT. Customers use a branded web app, and operators see the whole flow in the back office. Sumsub runs business verification at registration.
Summary
KYB data collected at registration feeds IFX account provisioning. After an operator activates the company in the back office, the business gets EUR, GBP and USD balances, receive details per rail, and outbound payments on Faster Payments, SEPA and SWIFT. Incoming transfers are posted to the Fintech Core ledger. The flow was demoed on the IFX sandbox on 20 October 2026.
What’s new
Gated onboarding
Sumsub business verification runs at registration. The company lands in a gated state, and the customer cannot reach the dashboard until an operator activates it in the back office.
Multi-currency accounts at IFX
Each company is linked to its own IFX client and sub-account with EUR, GBP and USD balances. Sub-accounts are provisioned asynchronously. A balance in a new currency is created automatically when the first payment in that currency arrives.
Account details for each payment type
The Receive screen shows the right details for every route:
- IBAN and BIC for EUR via SEPA and SWIFT
- Sort code and account number for GBP via Faster Payments
- SWIFT details for USD
Incoming payments from any bank
A regular bank transfer to the IBAN or sort code is credited to the balance and recorded in the Fintech Core ledger with double-entry bookkeeping. No open banking connection is needed.
Outgoing payments via Faster Payments, SEPA and SWIFT
GBP goes to UK accounts by sort code and account number, with a Confirmation of Payee check on the payee name. EUR goes via SEPA with a mandatory BIC alongside a validated IBAN. SWIFT payments in EUR, GBP and USD collect the payee details SWIFT providers require and settle the next business day.
Full payment tracking
Every payment moves from Processing to Settled in the transaction history. If IFX rejects a payment, it is reversed automatically and the money returns to the balance.
Vendors in this release
| Vendor | Role in this release |
|---|---|
| IFX Payments | Multi-currency accounts and Faster Payments, SEPA and SWIFT rails |
| Sumsub | KYB at registration, before the operator activates the company |
Why it matters
KYB data collected at registration feeds directly into IFX account provisioning. The company goes through one onboarding process with one handoff, and gets working accounts on the other side.
For the business behind the platform, a customer can go from sign-up to sending a cross-border payment with only one manual step in between: the operator’s activation check.
Related releases
| Release | Series |
|---|---|
| Fintech Core Banking Module Release: fiat accounts and reusable verification data | Product Update #1 |
| Fintech Core Banking Module Release: multi-provider accounts and provider migration | Product Update #2 |
| Fintech Core Crypto Module Release: wallets, transfers and sweeping | Product Update #3 |
