Compliance-first product architecture for a partner-powered launch.
VowBank is not yet a licensed bank. Banking, custody, compliance, cards, settlements and regulated services will be provided through licensed banking, payment, KYC, card issuing and BaaS partners.
VowBank is building a digital banking experience powered by licensed banking and payment partners. Regulated services will be provided by authorised partners. Final product availability is subject to regulatory, partner, and compliance approval.
This page is for product transparency and does not constitute legal or financial advice.
KYC
Know Your Customer checks will verify identity, contact details, risk indicators and partner eligibility before any real regulated wallet or account is activated.
KYB
Know Your Business checks will review business registration, beneficial ownership, store activity and merchant risk before settlement or acquiring workflows.
AML
Anti-money laundering controls will include risk scoring, transaction monitoring, screening, escalation and suspicious activity workflows with authorised partners.
FICA/FIC obligations
South African FICA and Financial Intelligence Centre obligations will be handled with legal, compliance and licensed partner support before live regulated use.
POPIA privacy
Personal information must be collected for a defined purpose, protected, retained responsibly and processed with appropriate consent and operator controls.
Fraud monitoring
Device, behaviour, velocity and payment signals will be monitored to detect fraud patterns and protect users and partners.
Transaction monitoring
Payments, rewards and settlements will be reviewed for unusual activity, sanctions concerns, misuse and regulatory reporting triggers.
Disputes and complaints
VowBank will maintain support, disputes, escalation, complaints, audit trail and partner handoff processes for customer protection.
Partner dependency
Live account, card, settlement, custody and reporting services depend on approved licensed banking, payment, KYC and BaaS partners.
Risk management
Risk registers, incident response, access control, audit logs, vendor due diligence and management reporting are part of launch readiness.
Regulators and frameworks referenced in launch planning
VowBank will work with qualified advisors and authorised partners for applicable obligations.