Streamline Crypto Solutions. As cryptocurrencies continue to grow in popularity, consumers are opting for accessible and streamlined ways to invest. Streamline crypto solutions are designed to minimize risk and allow for easy trading without missing vital market opportunities.
Lukka’s institutional-grade products streamline crypto asset data, support NAV reporting and more. Serving the largest and risk-mature businesses worldwide, we deliver enterprise solutions that power the future of global finance.
Integrations with Accounting Systems
If you’re a business that sells cryptocurrencies, there are a number of software integrations that streamline your financial processes. These include integrations with crypto wallets, exchanges, and payment processors to help you track trades, transfers and payments in a single, secure system.
Cryptocurrency and blockchain transactions have become more commonplace for businesses, which means that accounting and tax compliance is an increasingly important aspect of running a business. These software solutions are designed to help you stay on top of your finances by tracking incoming and outgoing payments with Bitcoin, Ethereum and other major cryptocurrencies, as well as ensuring you’re compliant with local laws and regulations.
Scalability: As a business grows, it’s important to have an accounting solution that can grow with your company. A scalable platform will be able to handle the influx of data that comes with crypto and blockchain transactions, making it easier to keep track of all the activities happening within your organization.
Integration with CRM: Having your customer relationship management and sales systems connected will make it easier to spot business-driving insights in real time. It also allows you to integrate your accounts and customer data so you can build a better understanding of how each customer is performing.
Integrated Accounting: Integrating your general ledger and project ledgers will save you a lot of time and effort as you won’t need to create additional ledgers for each project. It will also help you stay on top of your finances throughout the project’s life cycle.
Automated Tracking & Categorization: Many crypto accounting tools will scan the blockchain for relevant transactions and automatically categorize them based on things like the type of cryptocurrency, type of transaction, and tax implications. This can save hours of work and reduce the risk of error.
Security & Encryption: Cryptocurrency accounting software should also include strong security measures to ensure the safety of user data. This includes features like two-factor authentication and encryption technologies.
Streamline crypto offers a variety of integrations with accounting systems that can help you easily track your crypto transactions and create detailed reports. These include integrations with trading platforms, payment processors, portfolio management systems and tax filing and reporting solutions.
Integrations with Payment Processors
Cryptocurrency payments are becoming more and more popular among consumers, which is why merchants are increasingly looking to embed payment options on their websites. This way, they can keep their customers happy while boosting sales and reaching new customers.
Luckily, many of these payment methods are easy to integrate with your website. In fact, most e-commerce platforms, including Magento and Salesforce Commerce Cloud, have already integrated with a variety of crypto payment gateways and wallets.
To get started, simply select a payment processor that offers integrations with your preferred cryptocurrency gateway. Make sure they have the necessary technical specifications for compatibility with your e-commerce platform, invoicing software and other systems that you use to run your business.
When you’re choosing a payment processor, look for a company that can offer a wide range of services and features at affordable prices. The ideal solution should also be able to meet your specific needs and be scalable as your business grows.
In addition to offering payment solutions for a wide variety of cryptocurrencies, a good crypto processing company should also offer high security features and be PCI Level 1 compliant. This will ensure that you don’t have to worry about your customer’s sensitive information being stolen by hackers.
You should also choose a company that offers a wide range of payment solutions for both online and offline transactions. These solutions include point of sale (POS) systems, exchange gateways, and merchant services.
Another important feature of a good crypto payment processor is the ability to process high volumes of transactions. This will help you scale your business and reach more customers, while saving on transaction costs.
Moreover, you should find out how the company handles fraud detection and dispute resolution. This is especially important if you plan to accept crypto-to-fiat payments.
Lastly, you should make sure that the crypto payment processor you select has a flat and simple fee mechanic. This will prevent you from falling prey to services that charge astronomical fees. You should also check whether the company can provide support around the clock and in multiple languages.
Integrations with Banks
Using API software to integrate with banks can be much quicker and more efficient than developing a bank-specific solution from scratch. However, it can be tricky to find the right fit for your financial product. Whether you’re a new startup or an established business, it is important to choose the right banking infrastructure to support your products.
Having a bank-specific solution can help your financial product achieve the speed, scalability, and security that you need to meet the needs of your customers. It can also help you gain a competitive edge over your competitors.
Integrations with banks are a common component of the financial services industry, and they have many advantages for brands and customers. They improve customer experience, cross-sell opportunities, and enhance fraud detection capabilities among other benefits.
A variety of banks provide APIs to developers, including Citibank, Nordea, and Starling. These APIs help developers retrieve data from banks and initiate payment transactions. They also provide a range of authorization features, which can be used to limit access to customers’ accounts and personal information.
For example, banks can issue debit and credit cards to customers through an API. This allows them to expand their clientele and increase revenues through direct sales, as well as reduce overhead.
These banks also offer APIs that allow developers to track the performance of investments on a customers’ accounts. This allows them to improve customer experience by offering a more personalized service.
Open banking APIs can be useful for developing a new product, but they can also be costly to implement. To get the most out of these APIs, developers need to ensure that they’re adhering to standardization and specifications.
The best way to choose an API is to first decide on the service domain that you’re interested in integrating. This can help you to find an API that will be most suitable for your needs and ensure that it’s easy to build on.
Partner APIs are an excellent way for partners to collaborate, resulting in improved security, increased speed, and reduced costs. They also enable permissioned data sharing, which can lead to innovation.
Integrations with Custodians
One of the most important parts of a crypto business is the custodian, which holds clients’ private keys safely and ensures the security of their assets. While a lot of mainstream banks don’t offer this service yet, crypto-native custodians are making their presence known and proving to be an essential part of the ecosystem of digital assets.
A crypto custodian is a regulated financial institution that offers solutions for managing, holding and storing digital assets. They provide a wide range of services to clients, from staking and DeFi to vaulting and insurance against data loss. They typically have a state-level or national license to act as a custodian.
Custodians are necessary for a number of reasons, including their ability to hold digital assets securely, meet regulations, and support a client’s investment strategies. They also provide a gateway for institutional investors to get in on the crypto asset market.
The crypto-native custodian market is still relatively young, but it already includes a wide range of specialized firms that offer secure storage and management of digital assets. This is a market that is likely to mature and become more competitive over time.
These custodians serve a variety of customers, from large institutions and hedge funds to individual investors and start-ups. The needs of these clients vary wildly. For example, small crypto funds need a different technology stack than large hedge funds. They also have very different goals for their custody solutions.
In addition, these custodians provide services for other types of assets, such as real estate and debt. These companies are usually well-established and highly trusted.
Integrations with these custodians help streamline crypto’s operations and ensure that data is gathered and processed in the most efficient manner possible. In fact, the streamline crypto team has made it a priority to make custodian integrations a major focus for advisors using Black Diamond.
Custodian integrations enable RIAs to leverage Black Diamond’s capabilities to deliver a superior customer experience, enhance workflows and scale their business. This helps them attract new clients, retain existing ones and make more money.