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May 13, 2025

Core Platform

New Features

Get Fee Details V3

Introducing a new request — Get Fee Details V3.

This new version provides more details on the pricing structure. For more information, see Fees.

Validate the beneficiary schema to all Payouts

Clients can confirm the validity of the payment object before debiting funds. This change improves user experience and reduces operational overhead.

Financial Institution customers can now validate payment objects upfront before debiting funds, helping to reduce errors and operational overhead.

Ongoing Due Diligence

Nium will start the ODD (Ongoing Due Diligence) process for corporate customers approved more than a year ago. ODD is a periodic review process that active customers must undergo based on their risk profile and transaction activity.

Our compliance officer will raise any required RFIs. You are expected to respond to RFIs in a timely manner to help us complete ODD. Failure to respond may result in the suspension of the account.

You can subscribe to CUSTOMER_ODD_STATUS_WEBHOOK to track the status and progress of ODD. See ODD Status for additional details.