Finexus - BIN Service & Card Management Platform

Executive Summary

Why this platform matters for Finexus BaaS

Strategic fit

Finexus is solving the infrastructure bottlenecks that delay fintech launches by 18-24 months. This card management and prepaid wallet layer supports sponsor-bank and fintech programmes with reusable issuance and governance capabilities.

Platform capabilities

Physical and virtual card issuance, customer onboarding, wallet operations, lifecycle controls, settlement data, multi-currency support, and programme configuration APIs exposed through a REST-first model.

The outcome

Fintechs onboarded via Finexus can launch card programmes through sponsor banks without managing direct scheme certification, bespoke issuer builds, or fragmented operational tooling.

Platform role

Position inside the Finexus ecosystem

Card issuance and lifecycle management for physical and virtual products.
Prepaid and multi-currency wallet management for fintech programmes.
BIN governance, programme configuration, and hierarchical sub-programme support.
Transaction, statement, balance, and settlement feeds for downstream reconciliation.
KYC-linked onboarding, negative-list screening, and support operations such as blocking and hotlisting.

Finexus challenge

What this helps remove

Long issuer development cycles for each new product and regulatory API requirement.
High upfront fintech spend on infrastructure before the business can go live.
Fragmented card scheme onboarding and BIN reservation workflows.
Manual programme governance across multiple fintechs under a single sponsor bank.
Limited self-service controls for card programme setup, monitoring, and reporting.

API Catalogue

Grouped capabilities across the 39 APIs

Card issuance

Login, sign-up, onboarding, physical card request, negative-list screening, card creation, and CVV generation.

Transactions and statements

Top-up, card-to-card transfer, debit, credit, lien release, balance inquiry, settlement fund, statements, and transaction history.

Lifecycle management

Activation, close, hot-list, temporary block, and unblock workflows for programme operations and fraud response.

Account operations

Profile updates, parent-account hierarchy control, card-detail updates, and broader customer profile refresh support.

Wallet and multi-currency

Wallet CRUD, wallet-to-wallet transfer, wallet priority, expiry extension, exchange-rate lookup, add, and delete operations.

Programme configuration

Programme list, sub-programme list, parameter list, supported currencies, and multi-wallet product configuration.

No.	API	Group	Function
1	Login API	Authorization	Authenticates the calling system or user session and returns a secure token.
2	Sign Up API	Card Issuance	Handles end-to-end customer registration and card programme enrolment.
3	Physical Card Request API	Card Issuance	Initiates physical card production and fulfilment requests.
4	Negative List Scan API	Card Issuance	Screens applicants against sanctions and negative lists before issuance.
5	Customer Onboarding API	Card Issuance	Supports structured onboarding with KYC and government ID verification.
6	Card Create API	Card Issuance	Creates card records linked to programme, BIN, and customer profile.
7	CVV Generate API	Card Issuance	Generates and manages CVV/CVC values for physical and virtual cards.
8	View Card API	Card Details	Retrieves card status, programme details, limits, and linked wallet data.
9	Card Top-up API	Financial Transactions	Loads funds onto prepaid cards or wallets from linked funding sources.
10	Card to Card Fund Transfer API	Financial Transactions	Supports peer-to-peer transfers between cards in the same programme.
11	Credit API	Financial Transactions	Posts credits to card or wallet accounts.
12	Debit API	Financial Transactions	Posts debits to card or wallet accounts.
13	Lien Release API	Financial Transactions	Releases previously held funds or liens.
14	Settlement Fund API	Financial Statements	Provides net settlement positions per programme or BIN.
15	Balance Inquiry API	Financial Statements	Returns real-time balance information for cards and wallets.
16	Card Statement API	Financial Statements	Delivers full transaction statements for a defined period.
17	Transaction Inquiry API	Financial Statements	Looks up individual transactions by reference ID.
18	Transaction History API	Financial Statements	Provides paginated and filterable transaction history.
19	Card Activation API	Lifecycle Management	Activates newly issued cards through app, IVR, or API-triggered flows.
20	Card Close API	Lifecycle Management	Permanently closes cards and settles residual balances.
21	Card Hot-list API	Lifecycle Management	Immediately blocks cards across channels for fraud or loss events.
22	Card Block API	Lifecycle Management	Temporarily suspends cards.
23	Card Unblock API	Lifecycle Management	Restores temporarily blocked cards.
24	Profile Update API	Account Operations	Updates customer demographic and contact information.
25	Parent Account Update API	Account Operations	Manages parent and sub-account hierarchies for complex programmes.
26	Card Details Update API	Account Operations	Updates card-level attributes such as controls and spending limits.
27	Customer Profile Update API	Account Operations	Refreshes customer records including KYC-related updates.
28	Wallet Operations API	Wallet	Supports wallet creation, viewing, updates, and closure.
29	Wallet to Wallet Transfer API	Wallet	Transfers funds directly between wallets in the platform.
30	Wallet Priority API	Wallet	Sets the spending order across multiple linked wallets.
31	Extend Wallet Expiry API	Wallet	Extends wallet or stored-value expiry dates.
32	Programme List API	Product Configuration	Returns active card programmes available to each client or fintech.
33	Sub Programme List API	Product Configuration	Lists sub-programmes under a parent programme structure.
34	Card Programme Parameter List API	Product Configuration	Returns fees, limits, rules, and scheme parameters per programme.
35	Fetch Product Currency Code API	Product Configuration	Provides the supported currencies for a given product or programme.
36	Multi-Wallet Configuration API	Product Configuration	Configures multi-wallet products with currency and priority rules.
37	Fetch Exchange Rate API	Multi-Currency	Returns configured or live FX rates for multi-currency transactions.
38	Exchange Rate Add API	Multi-Currency	Adds or configures FX rate sets for programmes.
39	Exchange Rate Delete API	Multi-Currency	Removes FX rate configurations from active programmes.

BIN Governance

How the platform supports issuer and sponsor-bank control

Coverage areas

Scalability as an issuing and BIN sponsorship platform with multi-tenant support.
Programme and sub-programme governance via parameter APIs and hierarchical tracking.
Centralized visibility into BIN allocation, utilization, and settlement positions.
Dashboard-ready configuration feeds for Finexus or sponsor-bank operations teams.
Approval-rule support and fintech access control at programme level.

Scheme onboarding support

Existing Visa and Mastercard live certifications reduce onboarding friction.
Technical parameters can be prepared for BIN allocation requests through sponsor banks.
New fintechs can operate as isolated sub-programmes under sponsor-bank BINs.
Programme-level controls include card type, limits, fees, currencies, expiry, and spend rules.
Connectivity and certification support can be reused across multiple programme launches.

Certification journey

Visa and Mastercard onboarding stages

1. Project initiation

Project opening, scheme coordination, and technical lead assignment.

2. Documentation package

SOW, questionnaires, keys, forms, project plan, and issuer compliance inputs.

3. Connectivity and testing

Offline and online testing, simulator setup, edit packages, validation, and defect resolution.

4. Sign-off and rollout

Final approval followed by production rollout planning and post-live monitoring support.

Integration architecture

How this embeds into Finexus BaaS

BaaS API layer

Card and wallet APIs plug into Finexus core and new API layers via REST/JSON for accelerator fintechs.

Multi-tenancy

A single instance supports multiple fintechs as isolated programmes with separate rules and reporting.

Security

Token-authenticated APIs fit with Finexus security layers and firewall infrastructure.

KYC and recon

Onboarding and sanctions APIs can tie into KYC services, while settlement feeds support collections and reconciliation.

Engagement model

Proposed partnership structure

FSS provides the Cards and Wallet module inside the Finexus BaaS layer.
Finexus acts as the ecosystem and accelerator platform aggregator.
Fintechs access card capabilities through Finexus without direct scheme integration effort.
Programme setup, BIN configuration support, and onboarding flows can be standardized per fintech launch.

Commercial model

Commercial options referenced in the proposal

Annual platform fee aligned to number of active programmes or BINs.
Transaction-based pricing per API call or active card programme footprint.
One-time onboarding fee for new fintech programme and scheme setup support.
Final pricing and commercial terms to be captured in a separate term sheet.

Ready to Launch BIN & Card Programmes Faster?

Bring together BIN governance, card programme setup, and issuer workflows in one platform, with Finexus guiding your rollout from sandbox to production.

Complete BIN Service Platform