Counterparties

Maintain counterparty details in one place

Onboard, verify, and manage payment counterparties with bank account verification and custom KYC/AML requirements.

How it works

1. Create a Counterparty for a consumer or business.

2. Add bank account details, addresses, and tax information.

3. Verify bank account details using Plaid or micro-deposits.

4. Monitor and report on counterparty payment history using the web application.

Completely control KYC, AML, tax reporting and accounting

Create custom onboarding flows for your users

Invite Counterparties to provide bank account information and other details with email links to customizable onboarding forms.

Integrate with the best KYC/AML providers

Use KYC and AML providers of your choice with complete control over the onboarding UX.

Streamline tax reporting with APIs

Automate 1099 form generation by pulling payout history using the API.

Sync counterparties with the General Ledger

Close your books faster by automatically matching Counterparties in your accounting system.

We operate at the highest level of security with SOC 2 Type II compliance.
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Counterparties help you reliably track payments activity

  • Create unlimited Counterparties using the API and web app.
  • Secure bank account details, names, and other sensitive information with Controls.
  • Simplify managing Counterparties by attaching documents and metadata tags.
  • Create unlimited Counterparties using the API and web app.
  • Secure bank account details, names, and other sensitive information with Controls.
  • Simplify managing Counterparties by attaching documents and metadata tags.
  • Create unlimited Counterparties using the API and web app.
  • Secure bank account details, names, and other sensitive information with Controls.
  • Simplify managing Counterparties by attaching documents and metadata tags.

Verify bank account information to minimize failed payments

Try Modern Treasury and see how smooth payment operations can be.