Deel announced recently that it’s invested in embedded finance platform Alviere.
The partnership further bolsters Deel’s commitment “to compliance and flexibility for workers in the US, giving them access to faster and more streamlined wage payouts and a wallet solution.”
Alviere’s technology and compliance program “has already been integrated into Deel’s platform since the beginning of the year, offering Deel customers and their teams a seamless HR & payroll experience.”
As a regulated financial institution, Alviere says that it “prioritizes compliance, security, and fraud prevention, providing Deel with an added layer of KYB/AML review.”
Alviere’s comprehensive set of financial products, “from wage payouts to a wallet solution with a virtual and physical card attached — including merchant cash back and Apple Pay capabilities — means more choice and convenience for Deel customers and their teams.”
Workers can access and store their wages “through the Deel Wallet solution, in partnership with Alviere.”
Deel’s payments business continues “to expand both in the US and abroad.”
The company is investing more “in compliance infrastructure and commercial relationships that will enable it to seamlessly deliver services to support workers around the globe.”
This includes Deel’s strategic investment in Alviere and “applying for Money Transmitter Licenses throughout the US to support the company’s growing and evolving products and services.”
As reported earlier this year, Fintech firm Deel is pleased to launch the new Adjustments API for Global Payroll and EOR, making your payroll processing experience faster and more accurate.
Deel explains that the API lets you automatically “sync expenses, bonuses, and allowances data directly onto Deel, so you’ll only need one API for all payroll types.”
With their API, you can:
- Reduce payroll submission times
- Eliminate back-and-forth with your different systems—data from other sources are automatically collected in your payroll report so you can review and submit it faster.
- Cut manual work and human error
- Payroll processing is more accurate and speedy without the need for manual input.
- Gain deeper insights and more flexibility
- Consolidate key data and gain valuable insights into your payroll trends. You can still override or edit API inputs per employee or in bulk.
As noted on Deel’s website, you may get started in a few easy steps. You may also access the Fintech firm’s developer documents via their official site.
It’s also possible to create a Deel Developer account. And explore their existing integrations to see how they can help automate workflows with a selection of accounting and HR efficiencies.
