Overview
Park Avenue Finance is a next generation, fully compliant, Payments, Banking as a Service that seamlessly combines fiat and digital assets into a single, easy to use API.
We do this by providing clients a single, easy to use API to integrate with, while we take on the heavy lifting of integrating with various crypto and fiat partners, such as qualified custodians, licensed exchanges, licensed lenders, banks, and crypto networks. We stitch these various endpoints via an integrated omnibus ledger, workflow, fiat and crypto capabilities to construct easy to use, fully compliant financial products.
We even take care of the AML, Fraud and other compliance requirements, so fintechs/ neobanks don't have to be a regulated Financial Institution to offer our products.
To learn how to use our API, products to build your use cases, you need to understand the following key concepts in our platform.
Business Concepts
Customer - Company account that is being onboarded
Company Due Deligence - A series of questions for the customer.
Company Association - All the Personal and Companies that are associated with the customer company account.
Partner Account - Account Creation for the onboarding customer.
Banking Concepts
Depositing Funds - Depositing funds in customer's account on PAF's CBMS
Balance Fetching - To fetch all customer's account assets balance and status.
Withdrawal of funds - To withdraw funds from customers account on PAF's CBMS.
Counterparty - To create a counterparty for transactions.
Transactions - To fetch all the transactions logs.
Technical Concepts
Authentication - PAF leverages OAuth2 with the client credentials grant type to authenticate your API requests.
Upload Documents - To upload documents for the onboarding process.
External Identifiers - We allow you to use your existing identifiers of key entities to refer to the same entities within our system, reducing your integration burden.
Request Signing - Certain endpoints require secondary validation prior to the request being accepted for processing. We use Ed25519 based signatures to validate requests.
Idempotence - Certain endpoints support idempotent requests so that a given request can be safely retried without performing the same operation twice.
Webhooks Security - Webhooks are a means to provide asynchronous responses to you. We ensure that the data shared via a webhook is transferred securely.
Subscription - To get the real time update of various events for various category.