About accounts

Vitesse uses virtual accounts to organise and track claim funds for carriers, MGAs, TPAs, and brokers. They give customers and authorised partners real-time visibility of balances, funding activity, and payments.

Accounts can represent operational structures such as insurance contracts or binders, delegated authority relationships, lines of business, underwriting years, or geographic regions.

Access to accounts is controlled through roles, allowing customers to restrict visibility, delegate funding and payment authority, and enforce approval workflows.

How accounts work

When customers fund an account, Vitesse records the balance on the Vitesse ledger and safeguards the corresponding funds in segregated bank accounts held with tier-1 banking partners.

Vitesse supports three primary account types:

• Standard accounts, which hold balances and make payments from the same account
• Funding accounts, which hold balances and provide funds for payment activity
• Payment accounts, which execute payments using funds from linked funding accounts

Payment accounts do not hold their own balances. Instead, they use funds from one or more linked funding accounts, depending on the treasury model used.

Vitesse records all account activity as account entries, providing a complete audit trail and enabling real-time reporting, reconciliation, and control.

Account capabilities

• Segregation: Create accounts at any required level of granularity to separate funds, activity, and access.
• Delegation: Grant controlled access to external partners and internal teams, while maintaining full visibility, approval workflows, and transaction controls.
• Real-time reporting: View balances, fund movements, and payment activity in real time through Vitesse online or API.
• Multi-currency capability: Hold funds in multiple currencies.
• Flexible treasury models: Structure accounts to reflect your organisation’s operating model, such as pooled funds and risk sharing.