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 FTD Manager is applicable to wealth managers or other institutions seeking to simplify the launch of Cash products such as FTDs.
Cashfac enables wealth managers seeking to offer clients competitive rates on lodgements the ability to quickly and easily establish and manage cash based products. Cashfac FTD Manager is a smart aggregation technology, enabling asset managers to define a deposit shape, maturity and rate, and then collect multiple small fixed term amounts from participating clients. The back office work of aggregating cash payments is managed by Cashfac.
The solution is multi-bank, so that a range of deposit takers can be included in the proposition. And client cash on deposit can be re-invested at the end of term into another fixed-term product, or the cash can be retained in a client cash account.
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