Accreditation Verification
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      How do I test Accredited Investor Verifications in the sandbox environment?

      To test the accredited investor verification process in our sandbox environment, the document that is uploaded through the “uploadVerificationDocument” method must have a specific document file name in order to test certain workflows.

      To test the accredited investor verification process in our sandbox environment, the document that is uploaded through the “uploadVerificationDocument” method must have a specific document file name in order to test certain workflows. Once "requestAiVerification"  is called, our system scans the file name of the most recently uploaded verification file to see if it matches one of the testing file names. If the file name matches, the system will go through a series of API methods which will mimic the steps that are taken by a reviewer to approve, deny, or follow up on an accreditation verification request.

      Below are the test file names and their results:

      Test 1: More Information Needed

      This result will occur when the reviewer has determined that the information provided is not sufficient to make a valid determination of whether the investor is accredited or not. This result will include a note from the reviewer stating why more information is needed and what information will be needed in order to complete the review. For example, a reviewer could input a note similar to the following: “We need the past 2 years of tax information to verify accreditation. The investor provided only one year.”

      Test Document File Name: Test_Need_Info

      Test 2: Approved Assets

      This result will occur when the reviewer has determined that the investor is accredited based on their assets.

      Test Document File Name: Test_Approved_Assets

      Test 3: Approved Income

      This result will occur when the reviewer has determined that the investor is accredited based on their income.

      Test Document File Name: Test_Approved_Income

      Test 4: All Parties Approved

      This result will occur when the reviewer has determined that all parties linked to the account are accredited, therefore the account has been granted the accredited status.

      Test Document File Name: Test_Approved_All

      Test 5: Rejected

      This result will occur when the reviewer has determined that the investor is not accredited. This result may also include a note from the reviewer as to why the investor was not approved. For example, the reviewer could input a note similar to the following: “The investors are not accredited; their income was only $254,000.00.”

      Test Document File Name: Test_Rejected

      Test 6: Generate Letter

      This result will occur when the reviewer has determined that the investor is accredited and a letter is generated to confirm that the investor is verified accredited by North Capital.

      Test Document File Name: Test_Letter