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.

Each account belongs to a single organisation and one entity within that organisation. Organisations use this structure to organise ownership and responsibility for their accounts. Account access then determines which users and integrated applications can access those accounts. For more information, see Organisations and entities and Account access.

User roles and API scopes determine the actions that users and integrated applications can perform on the accounts available to them. For more information, see User roles and API scopes.

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 records all account activity as account entries. Together, these entries form the account cashbook, which provides a complete audit trail of all debit and and credit activity.

Account types overview

Vitesse supports three primary account types:

• Standard accounts – Hold balances and make payments from the same account.
• Funding accounts – Hold balances and provide funds for payment activity.
• Payment accounts – Zero-balance accounts, which draw funds from linked funding accounts in order to make payments.

For more information, see Account types​.

Account structures

Balance-holding accounts (standard or funding accounts) use one of two structures:

• Direct – A dedicated account with its own settlement details.
• Omnibus – A shared Vitesse account that receives funds before Vitesse allocates them to one or more accounts.
  Omnibus accounts are available only on the UK Hub. All omnibus accounts have the same Account Name: Vitesse PSP Ltd.

Omnibus accounts support bulk funding and single funding for legacy accounts. For more information, see About funding​.

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.