Atlas for Fintech
Everything you need to know about Atlas for Fintech's Model
Atlas for Fintech is designed for regulated financial institutions that want to embed Verto's payment and FX infrastructure to serve their own underlying clients. You retain the compliance relationship with your clients — Verto assesses your internal controls and places a level of reliance on your existing framework.
Who it's for
- Fintechs, digital banks, and neobanks
- Payment Service Providers (PSPs) and Payment Service Businesses (PSBs)
- Money Service Businesses (MSBs) and Money Transfer Operators (MTOs)
- Brokers and financial intermediaries
- Any directly licensed and regulated financial institution
How the compliance model works
Before accessing Atlas for Fintech, your organisation must complete a Downstream Service Assessment — a review of your compliance framework conducted by Verto's compliance team. The outcome determines the level of reliance Verto places on your processes:
| Level | What it means | Eligibility indicators |
|---|---|---|
| Level 0 (highest reliance) | Verto collects minimal information on your end-clients, subject to quarterly reviews | Independent AML/FinCrime compliance audit from a reputable firm in the last 12–18 months |
| Level 1–2 | Verto collects minimal information plus some documentation, checked ad-hoc | Strong compliance function, dedicated MLRO, automated transaction monitoring — but no Tier 1 audit report |
| Level 3 | Full documentation collected per sub-account, equivalent to direct onboarding | No independent audit, small or developing compliance function — should be redirected to Atlas for Platform |
If your organisation does not have a directly held licence, lacks a dedicated MLRO, or cannot provide an independent AML/compliance audit, you are unlikely to pass the Downstream Assessment and should be directed to Atlas for Platform instead.
Core flows
Collections on behalf of (COBO) — receive funds into a sub-account on behalf of a corporate client. Supported for corporate underlying clients only (B2B). Funds are collected in Verto's name but allocated to the client's sub-account. All COBO flows must use sub-accounts — pure pooled solutions are not supported for this use case.
Payments on behalf of (POBO) — send payments from a sub-account on behalf of an underlying client. Supported for both corporate and individual underlying clients. This includes local payouts, SWIFT, and mobile money via Global Clearing.
When Atlas for Fintech is not suitable
The following scenarios should be redirected to Atlas for Platform:
- Your organisation operates under a partner's licence rather than a directly held licence
- You want to offer USD, GBP, or EUR sub-accounts — G10 currencies are only supported under the Platform model
- You provide services to other financial institutions (double nesting is prohibited)
- You want to collect on behalf of individual underlying clients
- You do not have an independent AML/FinCrime compliance function
Before go-live, downstream assessment must be completed, your sales/account manager can help with this. If you don't have a sales/account manager contact [email protected] to get one assigned.
Updated 1 day ago