Twisp
Twisp provides secure cloud-native ledgers, accounting, and orchestration tools to build scalable financial products, featuring out-of-the-box accounting abstractions, financial workflow libraries, and robust security measures.
Services
Twisp provides secure cloud-native ledgers, accounting, and orchestration to build mission-critical financial products at any scale. It offers out-of-the-box accounting abstractions for card processing, money movement, FBOs, foreign exchange, and brokerage accounting. Twisp features a financial workflow library to build unique payment flows, processor integrations, direct-to-bank treasury services, ACH processing, and cash and data reconciliation processes.
Products
Twisp products utilize a cloud-native immutable ledger with fine-grained security controls, horizontal scaling, multi-tenancy support, materialized balance calculations, and strong correctness guarantees. It supports pre-built templates for common use cases or custom ledger APIs. With the Twisp Accounting Core, users have access to a GraphQL API, integrations with issuer processors, and templates for card processing. The company also offers a library of partner integrations and workflows to support various payment protocols like ACH and RTP.
Security and Compliance
Twisp is hosted on Amazon Web Services (AWS) and employs robust security measures, including encryption at rest and in transit. The company conducts independent third-party penetration testing annually to ensure security. Twisp implements an Information Security Program following the SOC 2 Framework, offers quarterly access reviews, and adheres to the principle of least privilege for identity and access management.
Reconciliation and Fraud Control
Twisp provides reconciliation tooling for managing exception journals and protocols for automatically reconciling transaction ordering against a system-of-record. It enables velocity controls on any ledger dimensions, calculated in real time to support fraud controls or account limits. The platform simplifies reconciliation by providing first-class cloud resources for managing an internal source-of-truth and integrating financial protocols.
Brokerage and Real-time Accounting
Twisp supports brokerage accounting by enabling custom 'positions' at the account level and supports all ISO 4217 world currencies. It offers a native solution for aggregating balances across any ledger dimension in real time, particularly beneficial for FBO accounts. It provides real-time balance calculations for card authorization through its card processing templates and integrations with issuer processors.