FV Bank, a US-licensed digital bank serving small and medium-sized enterprises, has launched a new Virtual Account feature to tackle a major operational challenge in global payments: attributing high volumes of incoming transactions quickly and accurately.
The new tool enables businesses to assign unique account numbers to individual clients or counterparties, automating reconciliation and reducing manual errors.
With support for traditional rails like SWIFT and ACH alongside stablecoins, the feature also strengthens compliance controls through enhanced KYCC (know your customer’s customer) visibility, an offering aimed at fintechs, marketplaces and regulated firms managing complex financial flows.
The launch marks another step in FV Bank’s broader push to integrate digital asset functionality with traditional financial services on a single platform.
As a regulated US bank based in Puerto Rico, FV Bank caters to SMEs and fintech clients who often struggle with the difficulty of reconciling incoming payments from numerous customers and channels.
“Our mission at FV Bank is to bring integrated accessibility and efficiency to modern banking,” said Miles Paschini, CEO of FV Bank. “With the launch of Virtual Accounts, we are addressing a real pain point for our customers – automating the attribution of incoming funds and eliminating manual reconciliation, while materially improving our compliance capabilities.
“This feature empowers our clients to scale their operations with confidence, while maintaining the transparency and control they need in today’s fast-moving global economy.”
