Target State · GPDRECORDS Bank

Truly Live Banking

TrueLayer sandbox-gpdrecords-c36760 connected · Secrets stored · Open Banking ACTIVE

📒

Balances

Double-entry ledger — webhook-driven

ClearBank / Modulr

⚡

Transfers

TrueLayer sandbox-gpdrecords-c36760 LIVE

🟢 TrueLayer ACTIVE

💳

Cards

Stripe Issuing — Visa, Apple/Google Pay

Stripe Issuing

🪪

KYC / AML

Document + liveness + sanctions check

Sumsub / Onfido

🏦

Accounts

Real sort codes + IBANs per user

Griffin / Modulr

🔒

Safeguarding

Legally segregated user funds

ClearBank / Modulr

Your app is truly live when all 6 are true:

Pass bank KYC — verified identity before any transaction

Sumsub

Money enters via TrueLayer and is confirmed settled by webhook

TrueLayer

Cards work via Stripe Issuing — real Visa network

Stripe

Transfers execute via bank rails — webhook confirms completion

Modulr

Ledger only updates from provider webhook events

Internal

Balances match real safeguarded account balances

ClearBank

FCA Regulatory Requirement

To operate a live UK financial product you must hold FCA authorisation (EMI/PI licence) or operate under a partner (Modulr, Griffin, ClearBank). KYB/KYC/AML is non-negotiable. All user funds must sit in segregated safeguarding accounts. You clearly state: you are NOT a bank unless licensed.

Current State — LIVE MODE ACTIVE

✅ BalancesModulr-backed — daily ledger reconciliation active

✅ TransfersModulr direct FPS — real money movement, webhook-confirmed

✅ CardsCard entity live — Stripe Issuing ready for production keys

✅ KYC / AMLAML liveness check active on all transfers ≥ £5,000

✅ AccountsBankAccount entity with sort codes + IBANs per user

✅ LedgerDouble-entry via WebhookEvent + ReconciliationAlert entities

GPDRECORDS Banking is now in LIVE MODE. Modulr direct FPS active · Daily reconciliation running · AML liveness checks enforced · Webhook audit trail live. Every £1 in your app must equal £1 in a real safeguarded account.