RocketKOR

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RocketKOR Platform Overview

What is RocketKOR?

The RocketKOR platform is designed for developers from the ground up. As an embedded finance, Banking as a Service (BaaS) platform, RocketKOR provides consumer and business focused services and solutions you can easily embed into your own products and services.

Our API-based solutions enable businesses to gain easy access to a wide suite of banking, payments, card, and open-banking solutions. RocketKOR is not just a set of components (such as Customers, ACH, and Wire), but a suite of end-to-end solutions like BNPL, TransactionRewind and LinX, delivering complete processes via a single API call.

RocketKOR has Compliance built-in: the platform automates and enforces compliant processes and provides you with the tools you need to efficiently deliver. Financial Services and Banking compliance requirements are tough, and RocketKOR and the Rocket Financial Team are here to assist you.

We also support non-developers – such as your Management, Operations, and Support teams – through the RocketKOR Portal. The Portal allows you to perform many of the same functions as the APIs using an intuitive, easy-to-use interface.

  • Transaction creation and management (Send, Request, Deposit, Withdrawal via ACH, Wire PushToCard, Internal Transfers, etc.)
  • Customer management (individual and business)
  • Financial Accounts (integrated bank accounts, internal wallet accounts, external financial accounts)
  • Debit Card Issuance (coming very soon)
  • Identity (KYC and KYB with documents management)
  • Manage the platform (My Business bank accounts, Limits management, User management, etc.)
  • Insights and reporting (business intelligence is built into RocketKOR)

Microservice Architecture

The RocketKOR platform is built on a highly secure microservice architecture. This architecture provides a secure foundation, allowing the platform to:

  • Integrate with all users (web, mobile, API)
  • Manage all integrations with external providers (financial institutions, transaction providers, aggregation providers, identity providers, processors, etc.)
  • Maintain business logic
  • Manage all persistence data sources

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RocketKOR Microservice Architecture (Conceptual View)

The RocketKOR platform uses three key service types.

  • Business services represent business workflows; their main function is to coordinate activity between microservices. Business services are modular, meaning services can be added, updated, or removed as needed.
  • Gateway services handle all connectivity and protocol management with external providers. Using a single gateway with multiple providers of the same function (for example: MX, Fiserv, Plaid) creates efficiency and consistency.
  • Function services form the core of the platform and manage the persistency of the application.

Technologies

RocketKOR is an advanced cloud native (AWS) platform designed for extreme scale, high security, and exceptional business flexibility.

The architecture is built with flexible fine-grained components that can be individually scaled as needed.

  • A cloud architecture allows us to monitor and dynamically adapt to changing business needs.
  • Generic, independent components, orchestrated through a thin business process layer, allow us to construct custom FinTech solutions without customizing the platform.

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RocketKOR Technologies

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