North Capital Investment Technology Launches TransactAPI 2.0

First Transaction Platform for Funding Portals, Broker-Dealers and Private Issuers

| From
Photo: TransactAPI

SALT LAKE CITY, Utah, Dec. 12, 2014 (SEND2PRESS NEWSWIRE) -- North Capital Investment Technology has released TransactAPI 2.0, the first comprehensive transaction platform for funding portals, broker-dealers and private issuers.

TransactAPI 2.0 (TAPI 2.0) is a software as a service solution designed to facilitate the offering, transaction and settlement of private offerings. The API can be seamlessly integrated into any website offering private securities.

The North Capital Investment Technology (NCIT) service platform provides compliance support related to investor onboarding secure document dissemination, trade processing, payments, escrow, post-transaction processing, record keeping and reporting. Compliance support for onboarding will include Know Your Customer (KYC), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) checks.

"We recognized a need to offer a solution with robust compliance support since we are serving other broker-dealers as well as funding platforms," said NCIT Managing Director Jim Dowd. "Our team has a deep domain knowledge with over 30 years of experience in private markets. We designed a platform that allows users to meet regulatory requirements and adhere to industry best practices."

Dowd said that NCIT is working with two major portal platform software vendors to expedite the TAPI 2.0 rollout.

"We started the design of TAPI around the Bancbox payment platform, but currently we have opened up the API to work with a number of providers," he said.

NCIT has been converting its existing funding platform partners to TAPI 2.0 over the past few weeks. All new clients will integrate directly with the latest version. Over the coming months, TAPI 2.0 will integrate with Wall Street custodial systems, portfolio accounting systems and other software services.

"TAPI 2.0 is designed to facilitate distribution," said NCIT Managing Director Craig Goos. "It will streamline the offering process, compressing the sales cycle while saving time and money. For issuers who wish to connect to our network of investors, we can expand the available pool of capital for their offerings."

In 2015, NCIT plans to add automated accredited investor verification by incorporating functionality from the firm's Accredited.AM website, a new platform launched in October that verifies accredited investor status free of charge.

To learn more, visit

News Source:
For more information regarding this press release, please visit:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

Shortlink to this press release:
The content of the above press release was provided by the “news source” (North Capital Investment Technology) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2014 North Capital Investment Technology with newswire version Copr. © 2014 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 26 2016:
[ count retired 8.4.16 ]

back to top
REFERENCES: TransactAPI, SaaS, automated accredited investor verification, Jim Dowd, news, press release from North Capital Investment Technology, Dec 12, 2014, Banking and Finance, Internet, Technology, Salt Lake City, Utah, North Capital Investment Technology Launches TransactAPI 2.0