Advantage allpay as firm migrates to Cashfac’s Hosted and Managed Service
Leading banks around the world place Cashfac’s solutions at the heart of their cash management services offered to corporates and public bodies.
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Cashfac works with Wealth and Wrap platforms to provide cash accounts (interest and non-interest), scalable account structures, cash products and cash management solutions. Platform providers are able to retain assets transforming product redemptions into cash held in cash accounts.
Cashfac controls the collection and payment of fees to and from the platform. Where money is paid into or out of a cash account by the customer payments and receipts are captured or derived from a single, designated, approved account.
Money movements to and from the customer are easily administered with Cashfac controlling the revenue stream for the provider, managing the margins on all cash holdings.
Platform providers have access to real time statements, valuations and can drill down to transaction and switches between cash accounts, investments and product wrappers.