Changelog: 2019-Jul-05

Pushed to production :white_check_mark:, Pushed to Sandbox :beach_umbrella:.

Critical Updates

  • :white_check_mark: Synapse now supports Interest Carrying Deposit Accounts (IC-DEPOSIT-US), a special type of deposit account that maintains the functionality and flexibility of standard deposit accounts while providing interest on deposits. IC-DEPOSIT-US is in beta. It is possible for there to be changes to the characteristics of this node. Previously called ICA-US inside our system.

  • :white_check_mark: Improved duplicate account detection (Name - date (DOB), Name - DLN, Name - address, Name - email, SSN). Our system will close duplicate accounts (with the latest transaction - we will not close trust accounts).

New Features

  • :beach_umbrella: New API call to allow Platform to calculate portion of loan reserve used, total loan balance, and the remaining lendable balance.

  • :beach_umbrella: Added ability for user to create one-time loan backed by an individual reserve account.

  • :white_check_mark: Our machine learning algorithm for ID verification is now capable of processing EIN documents.


  • :white_check_mark: Launched substantial improvements to ID verification system.

  • :beach_umbrella: One-time loans that didn’t have a properly defined disbursement_node_id, and thus were not disbursed, can now be set to INACTIVE and should not count against your collateral.

  • :beach_umbrella: Disbursement node is now required for loan creation but not for loan preview.


  • :white_check_mark: Improved Transaction Creation. If the currency type is not defined in the transaction API call it will cancel. Previously, under some circumstances, transactions without defined currency type would settle. For more info please look at our Create Transaction API Doc.

  • :beach_umbrella: One-time loans are now aggregated by their balance and not by their credit limit when checking against the loan reserve.

  • :beach_umbrella: Loans can now be tier-exclusive rather than be available for the entire CIP Tag.

  • :beach_umbrella: Revolving loans can no longer be created with or patched to a negative credit limit.

  • :beach_umbrella: POS_CREDIT added as dummy transactions.

  • :beach_umbrella: Alphanumeric Error Codes for nearly all calls have been added and mapped to descriptive (“human-readable”) Error Messages. We expect these unique codes to make error handling easier.

  • :white_check_mark: Changing the base doc address of the user will also automatically update the user’s card address(es).