Avoco Trust Source of Funds Process…
API integration with your own systems or use our out-of-the-box Software-as-a-Service solution for Source of Funds and IDV.
Avoco Trust can be white-labelled to integrate seamlessly with your own service and brand.
Avoco Trust is based on our orchestration and decisioning engine (ODE). Orchestration provides the foundation to build multiple connections, flexibility, and automation into the workflow for SoF checks. The main parties in the SoF process are: Requester: Individual or organization requesting the SoF checks. Subject: Funds owner who is performing the transaction that requires the SoF checks. Voucher: Organizations that are co-opted into the SoF ecosystem that provide the service to manage the requested source of funds. Avoco Trust: As an API integrated into your own service or as an out-of-the-box SaaS. SoF checks are fully automated; however, a Voucher can at any time request additional verification checks before agreeing that the Subject has passed SoF verification.