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TransferMate has released a major update to its onboarding process via a new API update. The new streamlined solution automates client onboarding requirements, significantly improving functionality and user experience (UX). Thanks to the update, clients and partners across various jurisdictions can expect smoother experiences for registration and verification.
Streamlined Onboarding for Clients and Partners
Our entire onboarding experience has moved online with this new update, significantly reducing the time and effort required for clients to get started.
This change offers a quicker, more efficient process to register and verify accounts. The product update has redefined the registration and verification flow, making it easier for businesses and individuals to navigate compliance requirements. The new visual and functional modifications will offer a smoother, more intuitive user experience, reducing friction and enhancing overall client satisfaction.
A New Era for Partners Onboarding Clients
One of the most notable features of the update is the ability for partners to onboard clients directly through the API.
Before the update, partners relied on manual uploads to third-party platforms for client information. Now, TransferMate partners can register clients instantly through the API. Once partners initiate onboarding, they are immediately provided with client login details. Partners can upload compliance documents, track their verification status, and interact with TransferMate’s compliance team—all through the API. These automated processes cut down administrative time and effort, allowing partners to focus on other aspects of their business.
Real-Time Notifications and Instant Transactions
A major benefit of the new update is its real-time functionality. Once the compliance process is completed, partners are notified instantly. Manual follow-ups and status checks are reduced as everything is communicated in real-time.
Once onboarding and compliance checks are complete, transactions can be initiated within seconds, allowing businesses to move money globally without delay. This instant transaction capability is tailored for businesses with high-volume payment needs, further enhancing the value TransferMate offers to its partners.
Future Vision
TransferMate’s overarching goal with this product update is to implement a fully API-first approach to client onboarding. The company envisions a future where clients are onboarded seamlessly, reducing human intervention and ensuring compliance processes are automated and efficient. This future vision aligns with TransferMate's commitment to providing cutting-edge solutions that adapt to the evolving regulatory landscape across various jurisdictions.
Flexibility for Large Partnerships
The API onboarding update also caters to TransferMate’s white-label and referral partners, allowing them to leverage this onboarding solution under their own brand. This flexibility is especially beneficial for large partnerships, where the ability to offer a seamless onboarding experience under their own brand identity is critical.
TransferMate’s new API onboarding update represents a significant leap forward in the cross-border payments space. By refining the onboarding process and introducing an automated, partner-friendly API solution, the company continues to set the standard for innovation and efficiency in financial services. Businesses using TransferMate can expect faster, smoother onboarding experiences and instant transaction capabilities—saving both time and resources in an increasingly digital-first world.
