Virtual Banking Technology helps banks adhere to Basel III
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’s Virtual Bank Technology Platform delivers Bank-to-Corporate, industry-specific, Cash Management solutions that are delivered through the bank’s channels to hundreds of corporates.
Cashfac’s Virtual Bank Technology Platform comprises; functionally rich virtual accounts; flexible, rules driven workflow; smart integration tools and advanced reconciliation capabilities. It provide banks with a single platform capable of delivering a broad range of corporate Cash Management solutions which allows corporates new levels of precision when managing cash.
The multi-tenanted platform is cost effective for banks to manage; a single platform, delivering multiple solutions, each capable of being configured to meet the exacting requirements of multiple industry sectors. Corporate customers can be rapidly on-boarded onto solutions which acknowledge the unique aspects of their industry and support them in better managing their cash.
Cashfac provides an enhanced data analytics module through which banks and their corporate customers can gain greater insight into intraday dynamic cash positions and the impact of specific cash movements on the balance sheet.
Banks today are required to deliver “more for less”; in the Corporate and Business Banking world this means attracting and retaining deposits and driving transaction fees in highly competitive markets. To do so requires banks to get closer to their customer’s business; offering a differentiated range of services; increasing customer self-service capabilities; whilst controlling the bank’s costs and enhancing the bank’s brand.
Cashfac has worked with banks around the world to help them with these challenges. Cashfac’s platform is designed to offer solutions which meet the corporate’s functional requirements, leverage the bank’s existing infrastructure and allow the bank to cost effectively manage the technology whilst rolling it out to as many clients as possible.
Cashfac helps banks execute on their good ideas; bringing robust, bank-channel friendly Cash Management solutions to market.
Corporates want bank-connected, bank active systems which bridge the ‘gaps’ that exist between their internal applications and their bank. Traditionally bank-provided systems offer corporates only half of the picture; the bank’s view of transactions and balances, in isolation from their own operational activities.
Whether it’s identifying, segregating and protecting clients’ money or better management of the firm’s own money Cashfac transforms the Bank-to-Corporate model. Cashfac marries the bank’s balance and transaction data with data from the corporate’s internal systems to present a relevant, real-time picture of cash; intraday cash positions; forecast cash positions.
For the bank’s customer, the integrated analytics capabilities provide both the latest key information as well as providing a more intuitive means for navigation. For the banks themselves, the analytics gives them valuable information to support their customers better.
Because Banks are able to design Solutions for each industry or market sector corporates are able to instantly access solutions relevant to their business. Corporates are presented with industry best-practice workflows, relevant transaction and account types, interfaces to common back office applications and pre-built reports – all of which helps deliver rapid and sustainable business benefits.