On-core vs. virtual accounts - what you need to know today
summary
Compares on-core (accounts on a bank core) versus off-core ledger models and argues the surprising bottleneck is integrations not the ledger itself: creating a ledger is straightforward but mapping ACH, wires and checks to a single FBO account and keeping reconciliation correct requires deep work. Recommends testing with real ACH/wire/check/card flows, using direct core integration where possible and building features like sub-accounts only if gateways and reconciliation are solved. Treasury Prime supports both approaches.
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chapters (8)
- 0:00Introduction and speaker
- 1:34Bank accounts 101
- 3:40Core vs ledger accounts explained
- 7:32Advantages of encore accounts
- 12:47Ledger accounts deep dive
- 22:35When to use ledger accounts
- 27:27Choosing between encore and ledger
- 30:15Q&A and closing
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