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 Corporate Virtual Bank provides the most complete bank solution for Corporate Treasury operations allowing corporations to centrally control complex cash operations across multiple banks and multiple regions, without the need for a banking license.
Cashfac provides a single view and a single platform for any number of accounts and linked to multiple banks. It includes the most powerful virtual bank account functionality available, fully bank active outward facing payment and remittance handling capability. A single bank account can be virtualized into thousands of bank-active virtual bank accounts or sub-accounts. It supports target balancing, including taking into account the value of transactions in the pipeline, and proactively eliminates redundant bank balances. Operations have more data, greater visibility of transactions and balances and the complexity of managing multi-account infrastructures is eliminated.
Cashfac accelerates integration with both bank systems and client side systems with pre-packaged Bank Drivers for many of the leading banks, and Cashfac’s APIs and mapping technology for an easy to use, intuitive ETL tool, which reduces the integration burden with new banks or client side systems.
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