Mar 5, 2024

New Features

• Clients can now manually execute FX conversions. With this change, you're given greater control and flexibility over how funds get converted in customer wallets and the associated settlement timeframes.

  • Pass the new ExecutionType field when making requests to the /Quote API to indicate a manual scheduled FX conversion. This field defaults to at_conversion_time if nothing is passed.
    • FX conversions with the field ExecutionType set to at_conversion_time settle at standard time, 5 PM local time.
  • Manual scheduled FX conversions must be executed using the /Execute endpoint (within the ExpiryTime to transfer funds from the source currency to the destination currency within the wallet.
    • New fields:
      • ExecutionType: Set to at_conversion_time for timed conversions and manual for manual FX conversions.
      • ExpiryTime: This is a timestamp that indicates when the FX conversion expires. Manual conversions must be executed before this time.
  • We've also updated the following APIs:
    • Create Quote
    • Fetch Quote by ID
    • Create Conversion
    • Fetch Conversion By ID

Enhancements

• We've added a new compliancestatus query parameter to the Transactions endpoint. For more information, see:

  • Client Transactions
  • Customer Wallet Transactions

• Our manual KYB Onboarding APIs are now available for corporate customers in Canada. For more details, see CA Onboarding.

There are no changes for this time period.

Enhancements

• We've released a new version of our Fetch Supported Corridors API. This new version provides greater details about the corridor being used. Changes include:

  • Adding a mandatoryDataRequirements and supportingDocuments field.
  • Adding specifics around the transaction's limitations and turnaround time.
  For more information, see Fetch Supported Corridors V3.

• We've added the following query parameters to the Beneficiary List V2 endpoint.

  • beneficiaryName
  • beneficiaryAccountNumber
  • destinationCurrency
  • payoutMethod

Deprecation Notices

• We'll be deprecating Fetch Supported Corridors V2 within the next six months. As we prepare to do so, we'll surface more details. If you have any questions, reach out to the Nium Support team at anytime.