Alias Bank is a product that provides our clients a new experience of accounts issued by DOCK. It connects the payment account's world to the banking world by associating a payment account with a bank account. The Alias account is considered a current account, therefore, a bank, bank branch and account number are assigned to an individual or company, allowing us to customize the experience of our clients at a new level.
Alias Bank TED-OUT
The TED-OUT feature for Alias Bank is being developed and it is not yet available.
By creating an Alias Account, our clients will be the beneficiaries of the bank transfers to the account. Alias Bank transforms DOCK's world by providing our account holders an experience closer to a bank account holder. This service is possible because our partnership with different and innovative banks creates a higher diversification of our fintech world.
When an alias account is created, there are different penalties which start to be contingent upon it as there are broader regulation for bank accounts then there are for payment ones. There are three main institutions which can order the closure of an account:
- BacenJud: System that interfaces Justice to the Central Bank and banking institutions, streamlining the request for information and the sending of court orders.
- Simba: Set of processes, modules and standards for bank data traffic between financial institutions and government agencies linked to the Office of the Attorney General of the Federal Prosecutor's Office.
- Sisbacen: It is an electronic system for collecting, storing and exchanging information that links the Central Bank to agents in the national financial system. It’s the main element that the Central Bank has to monitor and inspect the market.
Account Under Investigation or Sentenced for Fraud
If an alias account is under investigation or was sentenced for fraud, our partner will receive a webhook notification with the change of status, besides being contacted through Zendesk about it. From there on, the account can be unlocked or have other actions upon it depending on the judicial order we receive.
Updated 14 days ago
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