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How Licensed Financial Institutions Stay Compliant

Question: 
How can banks stay compliant with transactions while not using ACH?
Answer: 

Various fintech startups remain compliant by working exclusively between licensed financial institutions only. Utilizing open ledger technology keeps all transactions easily visible and auditable by third parties.

Learn more about open ledger technology.

Almond is a seamless cross border transfer protocol that partners between banks and individuals to rapidly send payments without restrictions to location or currency. Turnkey API solutions allow financial institutions to rapidly integrate seamlessly into the Almond Transfer Protocol without disruption to currently utilized banking technology stack. Learn More at www.AlmondFintech.com

First published on 10/16/2022

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