Core Concepts

Resources

The Qenta Embedded Finance Platform API provides resources to manage the various processes and workflows that might be encountered with your program. Understanding these resources is essential for creating card programs effectively:

  1. Legal Entity: This resource represents the identity of the beneficial owners and control person of the account within the Qenta Embedded Finance ecosystem. It serves as a fundamental element in the Know Your Customer (KYC) process during onboarding.

  2. Account Holder: The Account Holder resource represents the cardholder, who is associated with a Legal Entity. Each Account Holder undergoes KYC procedures as part of the onboarding process.

  3. Balance Account: This resource acts as the financial synchronization point for funds available to linked Card resources. It enables the management of multiple Balance Account resources per Account Holder.

  4. Card: A Card resource represents the user’s physical or virtual card, which accesses funds from the linked Balance Account. Multiple Card resources can be created per Balance Account. During card onboarding, it’s essential to associate a residential address, which Qenta verifies as part of the process.

Understanding and effectively utilizing these resources empower you to create and manage card programs seamlessly within the Qenta Embedded Finance Platform. Each resource plays a distinct role in facilitating the functionality and operations of your program.

Synchronization

The Qenta Embedded Finance Platform employs Event resources to manage asynchronous processing flows in collaboration with you. This mechanism is particularly crucial for maintaining synchronization between the Balance Account and cards based on accounts under your control. You’ll send us load/unload requests, and in return, we’ll send you account adjustment events.

The Webhook resource serves as the configuration for sending the Event resources, enabling seamless communication between your system and the Qenta Embedded Finance Platform. This ensures that you stay informed about adjustments to account balances, facilitating real-time synchronization and transparency in your financial operations.