Parfin 2.15.0 Release Notes 

We're excited to announce the release 2.15 of the platform, which includes a range of new features and improvements to make your experience even better. Here are some of the highlights:

 MPC Custody

 With this release, Parfin is introducing enhanced wallet management and recovery by implementing the BIP32 wallet standard. Using BIP32 a single master key can generate an unlimited number of child keys and corresponding addresses. The keys are thus organized in a hierarchical structure and segregated across different blockchains. BIP32 wallets only require a single backup for the entire wallet making it easier to backup and recover the wallet.

 Also included in this release is the fee management functionality via the Open API. Clients can now set the fee priority (low, medium, high) and get visibility on fee estimates before they submit a transaction. All the custody functionalities including Activity, Whitelists and Disaster Recovery is available under the Custody menu on Parfin platform. This allows for a more seamless user experience.

 Main features:

  • Enhanced wallet management with BIP32
  • Fee Management 
  • Consolidated Custody menu 


 Crypto as a Service

 This release on CaaS was focused on increasing Funding life cycle automation, including new rules for blocked Users, and validating duplicated deposit transactional hash. Now auto-identified deposits can be automatically approved, based on pre-determinant thresholds.

 Those features enable our platform to receive end-user funds with more efficient and using all platform Security and Compliance rules. If our clients receive any deposit from a risky address, we will automatically block this user and raise a red flag to be checked by the Compliance team.

 We have increased the controls over blocked Users. They cannot have deposits approved or login. 

 Main features:

  • Deposit Automation 
  • Deposit Thresholds 
  • New User Block Rules
  • Duplicated Deposit Hash Validations


 Parfin Platform

 Parfin Platform is now fully integrated to BTG BaaS account. From now on, customers will be able to execute fiat withdrawals, using TED and/or PIX, from within our platform. All fiat transactions will need to pass an approval workflow in order to be executed.

 Also, in this release we have included BitGo Prime on the transactions report (Reports > Transactions).

 Note: As default, new rules will be created with a quorum of 1 approver of the Master Group. If you wish to change User Groups members and respective rule quorums, please contact our support team.

 Main features:

  • BTG BaaS Integration withdraw with TED and PIX
  • Approval workflow for fiat transfers
  • Bank accounts whitelist
  • BitGo Prime transaction report

 

We hope you enjoy these new features and improvements. As always, we're committed to providing the best possible experience for our users, and we appreciate your feedback and support. If you have any questions or concerns, please don't hesitate to reach out to our support team at support@parfin.io.