Braid

Braid is a core banking platform allowing banks and credit unions to build and manage in-house payment infrastructure. Their platform provides APIs to create and manage financial products like virtual accounts , payment processing, card issuance, and compliance management. ​

Here's a detailed overview of the technology Braid offers to finance companies:

Ledger System: a double-entry ledger system capable of handling both fiat and tokenized assets. This ledger supports transaction processing, balance management, and reconciliation, providing a solid foundation for operations.

Named Virtual Accounts : The platform includes a turnkey virtual account  solution with flexible configuration. Developers can embed FDIC Insured virtual accounts into apps, supporting vast number of use cases and integrating with payment connectors and KYC/KYB flows.

Payment Processing: Braid supports multiple payment rails, including ACH, wire transfers, RTP, FedNow, and push-to-debit transactions. The platform's Rails+ connectors simplify transaction enablement, allowing for easy-to-use money inflows and outflows.

Card Issuance: Developers can issue physical and virtual cards via a simple API that manages authorization controls and spending limits for both consumers and businesses.

Compliance Management: Braid incorporates compliance features such as PCI DSS, NACHA, BSA/AML, and OFAC support. The platform includes tools for digital onboarding, KYC/KYB, and UBO screening, ensuring regulatory compliance is maintained throughout financial operations.

Financial Institution Matchmaking: Braid connects you with a U.S. bank or credit union running the Braid core banking system, enabling a direct relationship and seamless access to U.S. accounts and payment rails—no intermediaries required.

How's the platform accessed?

Braid enables developers to build and manage financial products using Basic Authentication and API key credentials. The platform is structured around a hierarchical model where a Program links financial institutions, fintech partners, and end users, and within each Program, customizable Products define specific financial use cases.

Get in Touch With the Braid Team