Innovative real-time Direct Debit solutions use collection APIs that allow investors - through one click on a single platform - to fund their trading accounts instantly with a verified source of funds.
Instant funding of investment accounts enables the investor to execute trades immediately following account setup, providing a better client experience.Instant funding of investment accounts enables the investor to execute trades immediately following account setup, providing a better client experience.
Speed up your investors’ experiences with instant top-ups
Challenges
Keeping pace with transaction speeds
The speed of opening and funding of online trading accounts is increasingly important as investors typically wish to immediately transact to take advantage of market opportunities.
Slow manual processes
Previously, the direct debit process was manual and paper-intensive, and often took 6 to 12 weeks to complete. Investors also had to log on to multiple platforms to initiate payments to fund their trading accounts on the moomoo app, which were limited to banking hours.
Hard to reconcile payments
In addition, manual checks and reconciliation of investor details against source of funds significantly slowed down the funding process, leading to increased costs and a suboptimal investor experience.
Examples
Simplify customer experience
Customer navigates to their invoice payment screen in their preferred ERP, TMS or Accounting Platform
Customer selects one or multiple invoices to pay
The payment api creates the payment instruction message, connects to HSBC and returns a response
Disclaimer: This demo is for illustration purposes only
API Catalogue
Find the right API for you
Benefits
Onboard faster
Seamless onboarding, account opening and funds transfer for the underlying investors
Reduce errors
Straight-through-processing rate, reducing payment errors and rejections
Eliminate manual reconciliation
With instant notifications, it reduces the need for manual reconciliation
