🎉 Customize your Web Banking app and onboarding process starting from Swan's open source Banking Frontend. Consider this a reference implementation: you can learn from it, then copy and modify it to fit your needs!
⚡ Instant SEPA Credit Transfer fallback can be tested using the Testing API.
Initiate an outgoing Instant SEPA Credit Transfer, then reject it using simulateOutgoingSepaCreditTransferRejection mutation.
Use reasonCode: BeneficiaryBankNotReachable.
🫢 Upcoming outgoing Instant SEPA Credit Transfer can be canceled using the cancelTransaction mutation.
✍️ The externalReference field in initiateCreditTransfers is now working for outgoing Instant SEPA Credit Transfer.
🆔 We added the accountId field to Invoice. Use it to find the account associated to an AccountInvoice.Generated webhook event.
📄 Fee amount are displayed in the .csv account statement
👮♀️ To avoid undesired behaviors with our API, we are changing the Tax Identification Number (TIN) accepted format in all the taxIdentificationNumber inputs from 1-11 characters to 7-11 characters in 4 weeks.
💥 isInstant field for initiateCreditTransfer is depreciated and will be removed in 6 months.
Please use mode field instead to initiate an Instant SEPA Credit Transfer.
DOCS:
💶 Learn how to build a compliant billing offer.
↪️ Direct debit a Swan account within the same project. It's our first step for our new feature, Accept Payments. Please contact us if you're interested in beta testing!
💳 You can print one line of custom text, such as a company name, on your physical cards. To do so, you'll need to design a custom card with your PIM (Product Integration Manager) and include this additional line. Contact us if you're interested in designing a custom card, or adapting an existing design.
💥 To avoid undesired behaviors with our API, we changed the accepted date format for two fields in the Onboarding API:
IndividualUltimateBeneficialOwnerInput.birthDate must be a date YYYY-MM-DDIndividualUltimateBeneficialOwner.birthDate format change from dateTime to date⚡ We implemented a fallback option for Instant SEPA Credit Transfers. When an instant transfer is unavailable, whether for technical reasons or due to a manual risk assessment, the instant transfer will run as a standard transfer instead. Your customer won't need to reinitiate a transfer or consent a second time.
initiateCreditTransfer mutation, as well as the new filter includeRejectedWithFallback to the transactions query.false by default so your customers won't see the rejected instant transfer on their transaction history.📃 To reduce back and forth with our KYC team, we're asking some partners to collect additional supporting documents during onboarding for some use cases:
🇩🇪 For German account onboarding (accountCountry: DEU), three fields are now API-optional:
individualUltimateBeneficialOwners.birthDateindividualUltimateBeneficialOwners.birthCityindividualUltimateBeneficialOwners.birthCityPostalCode📼 We added a new field originTransaction to the API at the transaction level.
It contains its parent transaction (for example, the card debit for a card debit reversal).
🧪 We added Instant SEPA Credit Transfers and their associated recalls to the Event Simulator on your Dashboard.
💳 You can now approve authorizations with a partial amount.
To do so, indicate the partialAuthorizationAmountValue within your payment control response.
Note that not all authorizations can be authorized partially; to identify eligible authorizations, look for the allowsPartialAuthorization:true on the payment control notification we send you.
⚒️ We fixed some latency issues on our OAuth 2.0 server. Let us know if you still have trouble getting your access tokens.
💥 We added a new value SwornStatement in SupportingDocumentPurposeEnum.
To avoid breaking changes on your side, please take these into account.
We'll request this supporting document during onboarding for Spanish companies.
🎨 The onboarding and transfer pages have a fresh, new design. And guess what? We'll be ready to share our code and design system with you in the coming weeks.
📈 We added Capital Deposits to the Dashboard > Data section, which was the first step to removing the current Dashboard. Next, you'll be able to upload documents and simulate everything with the Event Simulator.
🇩🇪 IBANs starting with DE are live after 3 successful months in beta.
You can use them via the API or no-code, across all use cases including B2B and B2C!
To test them, use the new German onboarding link.
You'll find it in your Dashboard, on the Settings/Onboarding tab.
The German onboarding flow is a little different, in order to comply with German law.
Learn more about requirements for individual and company German accounts.
🪪 Verify the identity of individual account holders using a Qualified Electronic Signature. This new identification level is mandatory for individual German IBANs but can also be used for individual French IBANs in order to avoid the first transfer to finalize their identification process.
⚡ Our reachability on Instant SEPA Credit Transfers has been extended to TIPS in addition to EBA-RT1. We're now connected to most banks for initiating and receiving these transactions.
💥 We will begin using some changes we already warned you about, and have added them to the Graph. To avoid breaking changes on your side, please take these into account:
SepaInstantCreditTransferInRecall and SepaInstantCreditTransferOutRecall.SepaInstantCreditTransferOut transactions: CreditorBankTechnicalErrorOccurred and CreditorBankTimeout.✅ We added a new account activation tab to the Web Banking. This makes it easy for our no-code customers to finalize the account holder verification process. Just follow the steps.
✉️ Non-verified users can now use reset passcode by email.
💰 On March 1 2023, we will start charging banking fees directly on your customers' Swan accounts. This is the first phase of our billing project. Ultimately, this will enable you to choose which fees you want to charge your customers through Swan, and lead to additional revenue.
📃 You can now use the accountStatement query to return an account statement from its id.
💥 As mentioned in past release notes, the new rejection reasons for CardOut transactions are as follows: RetryWithChipAndPin, PinRequiredForFurtherTransaction, InvalidSecurityNumber, and InvalidExpirationDate.
These have been added to the Graph.
Please take them into account to avoid breaking changes on your side.
🎨 The Web Banking has a fresh new design for transaction history, members, and card tabs. And guess what? We're getting ready to share our code and design system with you.
🔐 Secure all webhooks by adding a secret in the HTTP Request.
🔁 Automatically trigger the funding of a Swan account based on pre-defined events without user consent. Restricted to account funding SEPA Direct Debit B2B with rolling reserve.
🇫🇷 Automatically fetch UBOs for French registered companies with the updateOnboardCompanyAccountHolder mutation.
This was already available in the no-code interface and now it's in the API.
💸 Indicate a spendingLimit when using the addCard mutation.
To avoid breaking changes, the spendingLimit is an optional input for the addCard mutation.
🤳🏾 Create a card and add it to Apple Pay or Google Pay simultaneously using the multiple consent feature.
💰 We have fixed some bugs on Capital Deposit:
💥 We will begin using some changes we already warned you about, and have added them to the Graph. To avoid breaking changes on your side, please take these into account:
FeeTransaction and InternalDirectDebitTransactionpaymentProduct = Fees and transactionType = FeesOut, FeesInInternalDirectDebitPaymentMandateInternalReceivedDirectDebitMandateSepaInstantCreditTransferOut and SepaInstantCreditTransferIncompanyType = SelfEmployed⚠️ In February we will start using a lot of changes that have been added to the Graph. To avoid breaking changes on your side, please take these into account:
CardOut transactions. The new values are: RetryWithChipAndPin, PinRequiredForFurtherTransaction, InvalidSecurityNumber, InvalidExpirationDate.SepaInstantCreditTransferOut transactions. The new values are: CreditorBankTechnicalErrorOccurred and CreditorBankTimeout.SepaInstantCreditTransferInRecall and SepaInstantCreditTransferOutRecall.Refused in accountHolder.verificationStatus enum💸 Initiate SEPA Instant Credit Transfers (SepaInstantCreditTransferOut) transactions using the existing initiateCreditTransfers API mutation with the isInstant input flag.
Please note that to guarantee instantaneity, we automatically reject instructions that hit our risk scoring engine (with the RegulatoryReason rejection reason code).
In this case, we recommend you suggest your users to issue a new, non-instant SEPA Credit Transfer transaction (SepaCreditTransferOut).
🤖 Use server-to-server consent to avoid any human interaction with the new grantConsentWithServerSignature mutation!
To start playing with this highly secure yet easy feature, head to your Sandbox > Developers > Server Consent.
If you are interested in using this feature in Live, please reach out to your PIM (Product Integration Manager), check the documentation and start consenting on the go!
⚡ During onboarding, once we have verified the legal representative of the account holder is not a politically exposed person or on a sanctions list, we will distribute the IBAN via API and Web Banking. Most times, this should occur within 10min after ID Verification is completed.
💳 Display the numbers of a physical card using the new viewPhysicalCardNumbers mutation.
This is especially useful if you only issue physical cards.
🔐 When using server-to-server consent to add single-use virtual cards, the AddSingleUseVirtualCardSuccessForProjectOwnerPayload will now return a card in ConsentPending status.
The card will be enabled after the consent is validated.
We would still recommend that you verify the card status before using it.
⚠️ In early January we will start using a lot of changes that have been added to the Graph in order to improve the product in the following month of the release. Please make sure you take it into account before we use them to avoid breaking changes on your side:
FeeTransaction and InternalDirectDebitTransactionpaymentProduct = Fees and transactionType = FeesOut, FeesInInternalDirectDebitPaymentMandateInternalReceivedDirectDebitMandateSepaInstantCreditTransferOut and SepaInstantCreditTransferIncompanyType = SelfEmployed💰 Add an Account detail tab in the web banking menu (level 1) lets you access the main IBAN, manage virtual IBANs, and update account settings.
👩🏼💻 The web banking has a new profile page that allows users to manage their languages, reminds them to verify their identity, and provides access to FAQ and support.
⛔ UBO doesn't mean anything to French "syndicat de copropriété" and "associations" so we removed them from the nocode onboarding.
⚖️ A "legal representative" tile was added to the dashboard for company account holders.
🔗 The authentication SMS was changed from swan.io to authmsg.co, for better whitelabeling.
🔐 Most of the time, we won't display the Captcha anymore — the one displayed when the user enters their phone number. This doesn't take away from the level of security.
🌬️ The Refund API mutation can now be used on SepaInstantCreditTransferIn transactions
📅 The deprecated field executionDate used as an input for the initiateCreditTransfers mutation was permanently removed and replaced by requestedExecutionAt.
🈲 For regulatory reasons, we will no longer accept special characters in the SepaBeneficiary name input fields for the initiateCreditTransfers mutation. Chinese and Cyrillic characters will no longer be allowed.