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 Electronic Account Opening is an online bank account management platform that enables existing bank customers to centrally maintain and control an unlimited number of bank accounts in real time.
The solution enables the rapid opening of accounts as well as simplifying the management of all services associated with bank account management including adding and removing signatories and adjusting limits on accounts. It utilizes ISO 20022 messaging standards to further facilitate the account management process between bank customers and their bank.
The solution dramatically reduces the time and costs associated with opening and managing multiple bank accounts and removes the manual, slow workflow to the benefit of both the bank and bank customer.
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 FileMapper technology, an easy to use, intuitive ETL tool, which reduces the integration burden with new banks or client side systems.
Features & Functionality: