A frequent question about Velaris is: are you a bank? The answer is clear: no. And that decision is deliberate. In this article we explain the architecture that underpins the platform and why we chose it.
What we are and what we're not
Velaris is a financial technology platform and a network of verified operators. We are not a bank and we don't offer banking services directly. Banking services — including virtual subaccounts — are provided through our regulated banking partner and its FDIC-insured bank(s). Your funds are held at the partner bank, not at Velaris.
The division of responsibilities
This separation defines who does what:
- Velaris operates the network platform, the referral program and the compensation structure.
- Our banking partner handles account provisioning, fund custody, card issuance and transfer processing.
Building on regulated banking infrastructure lets us offer serious financial tools without taking on functions we're not authorized for. Instead of reinventing the banking system, we rely on those who already operate within its regulatory framework.
Technical integration
The platform connects to our banking API for core banking services, virtual accounts and the webhooks that keep events in sync. A streaming endpoint serves the presentation video content, and object storage safeguards the KYC documents. Each piece plays a defined role within a clear architecture.
What you gain
For the operator, this architecture means access to modern financial infrastructure with the peace of mind that fund custody is in the hands of a regulated, insured banking entity. The 2.5% platform fee covers the operations, compliance infrastructure and support that make all of the above possible.
Honesty by design
We don't invent licenses or guarantees we don't have. When we talk about "institutional grade", we describe quality, not regulatory status. This transparency isn't a legal detail: it's how we build trust. Knowing exactly who holds your money and under what rules is, for us, part of the product.
