List of requirements

Rize simplifies the process of creating complex financial applications. Turning what can be a
daunting and often expensive task to innovate the future of financial services, to a fun and
collaborative experience.

To help builders focus on building we have put together a list of application requirements that will
help you create a successful and compliant financial product. Rize will require verification of these
items within your application before launching your product so please let us know if any
requirement is unclear. Outside of these requirements we want you to do what you do best - create
unique and powerful solutions for your users.

  1. Compliance Workflow
    1. All applications will need an onboarding flow that displays certain documents (privacy policy, terms & conditions, bank disclosures, ect..) and collects PII in a defined sequence. Reach out to your Rize Implementation Engineer for a more detailed diagram explaining the compliance workflow flow and its requirements.
  2. Document and Disclosure Availability
    1. Tax documents, financial institution disclosures, and monthly statements need to be available to your users. These documents need to be accessible and downloadable from your application.
  3. Card
    1. Rize provides access to Debit Cards, Virtual Cards, Mobile Wallets, and more. If your application requires card features, please reach out to your Rize Implementation Engineer to get more information on the requirements for each card product.
    2. Note: Rize does not support an Interactive Voice Response (IVR) flow for card activation or PIN set (if applicable). These functions must be enabled through the Rize API.
  4. External Funding Method
    1. To help fund your Rize accounts, you will need to add a funding method. Rize partners with Plaid to support a compliant external account connection:
      1. How to connect an external account with Rize
      2. Plaid Endpoint/Doc)
  5. Adjustments
    1. Rize enables your application to charge fees or issue credits to your user’s accounts through Adjustments. Adjustment values are custom configured for your application during the implementation process.
    2. For more details on how to issue an Adjustment, please see the endpoint description here