Whitepapers & Research

At Cashfac we use our industry knowledge and expertise to conduct in depth topical research and develop whitepapers and reports.  You can explore these below.

  • Asset and Wealth Management

    The Fund, Asset and Wealth Management sectors in Europe have had to deal with significant change in recent times, driven by a blizzard of acronym-laden regulations from UCITS to AIFMD to FATCA/CRS and MiFID II, which came into effect in January 2018. MiFID II (The Markets in Financial Instruments Directive II) has hit the industry with increased regulatory costs and seems likely to encourage investors into lower cost products. This represents a very challenging pincer attack on the industry.

    Along with this, the new Senior Manager regime (SMCR) is due to be implemented in the Asset Management industry by the end of the year.  This new regulation combined with other significant changes in recent times has hit the industry with increased regulatory costs and risk.

    Is now the time for Asset and Wealth Managers to invest for the future, to ensure that they can achieve and maintain the highest levels of compliance and risk oversight of their cash operations and CASS 7 compliance in the most operationally efficient manner?

    We have identified five key challenges facing the cash operations and finance teams in the Asset and Wealth Management industry:

    • Onerous regulatory and trust requirements for Client Money protection and segregation
    • Lack of accounting control
    • Settlement and allocation of customer cash
    • Managing multiple bank accounts
    • Maximising returns-effective treasury management

    This brochure details how we help Asset and Wealth Managers significantly and rapidly augment the service offered to their clients by improving Client Money compliance, process efficiency, risk monitoring and accounting without requiring a wholesale replacement of legacy systems.

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  • Enhancing Disrupter Fintechs

    With the emergence of fintechs, the last ten years have seen tremendous changes in the financial services sector and this rate of change seems likely to keep growing.

    Traditionally the large clearing banks have been the predominant major players in the financial services sector until now. While other financial organisations existed, they generally acted in a support capacity or as an extension of the services provided by banks.

    However, banks are now finding that they are losing business to VC-funded, agile, lightly-regulated fintechs entering the market with better products and better technology.

    Common Challenges of Fintechs

    This paper will discuss the common challenges we believe these new fintech disrupters will face in 2019. It looks at the five main categories of disrupter in the market and the importance of having the adequate back-office to support and connect with their internal and external systems to ensure efficient client money management, segregation and adherence to regulation. The categories include:

    • E-money Institutions
    • Payment Service Providers (PSP)
    • Foreign Exchange (FX)
    • Peer-to-Peer (P2P) Lending and Crowdfunders
    • Spread Betting and CFD Trading

    Download the full paper to learn more.

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  • Virtual Accounts: Closing the Service Gap in Corporate Banking

    Banks’ corporate customers have always sought to grasp greater operational control over their cash, their banking relationships and the banking services that they consume. Whilst banks are beginning to come to grips with the rapidly evolving needs of these customers – such as the provision of virtual account services – there remain significant gaps between their service offerings and the customer needs. As a result, corporate customers are increasingly considering changing banking suppliers, and the banks themselves are finding it harder to attract and retain their business.

    We are delighted to reveal the research findings of our new whitepaper: Virtual Accounts: Closing the Service Gap in Corporate Banking. Commissioned by Cashfac to Ovum Consulting, this independent research surveyed 150 banks and large corporates across Europe and North America. The findings identify and analyse the key gaps in service expectations between the banks and their corporate customers and explore the critical role of virtual accounts in tackling these differences over the next 18 months to reduce their customers’ service frustrations.

    Selected key findings:

    • 50% of European corporates have considered moving their main banking relationships in the past year.
    • 62% of banks say that it is more challenging to retain and win new business than a year ago.
    • 94% of banks say that providing virtual account services will enable them to win new business.

    For the full findings, methodology and independent analysis, download your free copy of our whitepaper:

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  • The Rising Demand for Virtual Account Management (VAM)

    Banks’ corporate customers have always sought to grasp greater operational control over their cash, their banking relationships and the banking services that they consume. Virtual Account Management (VAM) has historically been one mechanism that firms have used to do that. While Virtual Accounts were often technologically static and inflexible they have enabled corporates to operate internal and self-managed banking structures, albeit in a limited fashion.

    Today, Virtual Accounts have been surpassed by a broader, more complete Virtual Bank Technology platform which harness advances in workflow integration, matching, analytics and real-time reporting with functionally rich Virtual Accounts to provide greater flexibility, customer self-service and a suite of integrated cash management applications.

    This presentation explores how VAM is defined, evidences and explains the ever-increasing VAM demand and looks at the benefits Virtual Bank Technology can bring to both banks and their corporate customers.

    Download your complimentary copy of this presentation for answers to the following:

    • What is Virtual Account Management (VAM)?
    • Why the increased VAM demand?
    • What’s in it for banks and their corporate customers?
    • What industries have benefited and how?

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  • Accounting for CASS 7 – How to meet the Operational Accounting Challenges for Client Asset Protection

    This ‘Accounting for CASS 7’ paper demonstrates how to meet the Operational Accounting Challenges for Client Asset Protection.


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  • Virtual Accounts – Turning Adversity into Advantage

    As the banking sector faces challenges from regulatory changes such the imminent impact of Basel III and increased competition from Fintechs and challenger banks, corporate customers are demanding a level of service innovation in business banking previously offered only in their personal bank accounts.

    This Cashfac White Paper – Virtual Accounts: Turning Adversity into Advantage – explores how innovative technology, such as virtual accounts, is helping banks adhere to Basel III and helping empower corporate customers.

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  • Virtual Account Management Breakfast Roundtable – Accenture and Cashfac

    View the presentation from the 2017 Virtual Account Management Breakfast Roundtable between Accenture and Cashfac. The topics covered include:

    • The Evolving Transaction Banking Landscape
      • Market trends
      • Basel III – bank impacts
      • IFRS & BEPS – impacts
      • PSD2 – opening up the banks architecture
      • The potential of Virtual Accounts
    • Innovating in Transaction Banking – Virtual Accounts as a solution
      • Addressing bank challenges through Virtual Accounts (including Basel III)
      • Addressing corporate needs through Virtual Accounts

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  • Future of Banking – 2017 Sunday Times Report

    The Sunday Times Future of Banking’ report, issued by Raconteur on 22nd January 2017, featuring a commercial article from Cashfac CEO Richard Cummings on the Virtual Transformation of Business Banking.

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  • Cash Management for SMEs – Whitepaper

    The SME market represents a huge and underexploited growth opportunity for banking, where banks must respond or risk being left behind as the SME customer increasingly looks to alternative providers for multiple sources of products and services.

    With many SME customers believing there to be little differentiation between providers and with SME customers having difficulty in comparing products across providers the market is primed for banking partners that can offer clear choice and a clear USP for the SME customer.

    This paper discusses the challenges and opportunities in the SME market and why banks need to consider adopting a number of success factors to lead in the SME space:

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