Atlas for Fintech — Sub-Accounts Overview

Sub-accounts allow you to offer embedded financial services to your underlying clients under your Verto parent account. Each sub-account operates as an independent entity with its own wallets and local collection accounts, while remaining under your compliance framework and oversight.

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Atlas for Fintech

This guide covers the SUB_CLIENT flow for Atlas for Fintech clients. Sub-accounts operate on a reliance basis — once the required onboarding data is submitted, accounts are automatically approved without manual review. Contact your account manager if you are unsure whether this applies to your integration.

Different level of data is required, this guide covers the core common data model. Your Sales/Account Manager will inform you if additional details are required.

How it works

The end-to-end flow across sub-accounts covers four key areas:

1. Sub-account creation & onboarding — create a sub-account and submit required KYB data for automatic approval.

1. Sub-account creation

This functionality is available via Verto Platform additionally.

2. Wallet & account detail setup — create wallets and generate unique collection account details or SmartWallet IDs for receiving funds.

2. Wallet setup & account details

This functionality is available via Verto Platform additionally.

3. Receiving funds — receive inbound payments via webhook notification, then sweep funds to your parent wallet if required.

3. Receiving funds & sweeping to parent

This functionality is available via Verto Platform additionally.

4. FX — convert funds either within the sub-account or after sweeping to the parent account.

This can be done programmatically via API, or via our Platform via Exchange Now or OTC trades.

4. FX

5. Payout - After you have converted funds, if aggregated, these can be paid you to a named account of your Financial Institution with another bank (example MoneyCompany sends to MoneyCompany's account with JP Morgan). Alternative flows include sending funds directly from sub-accounts to your end customers, or their beneficiaries (skipping aggregation in step 3 above and following Sending funds from sub-accounts) or moving funds from masterwallet to your clients, or their beneficiaries by using our Global Clearing product.

Authentication

All sub-account operations require authenticating as the sub-account using the [Login](https://docs.verto.co/v1.1/reference/users_loginAll sub-account operations require authenticating as the sub-account using the Sub-Account Login endpoint..

// Response
{
  "userId": "string",
  "companyId": "string",
  "jwt": "string"
}

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Once the JWT token expires after 1 hour, your parent account must authenticate again to obtain a new token.