Coronavirus and safeguarding customers’ funds: FCA proposed guidance for payment firms
James McGivern, Head of NBFI at Cashfac discusses 6 key takeaways from the FCA’s proposed guidance on safeguarding customer funds for eMoney and Payment Service Institutions.
From banks and non-banking financial institutions to property management firms and government departments, our solutions help hundreds of organisations improve the productivity, visibility, automation and regulatory compliance of their cash management operations.
Our in-house banking solutions help businesses to centrally control cash operations across multiple banks and regions without the need for a banking license.
Our Virtual Accounts platform is a multi-bank cash management solution. It is designed to provide centralised visibility and control of all banking operations.
The business case for Cashfac has proved a success. The cost of acquiring Cashfac technology has already been recovered by the cost savings the solution has provided us with.
With Cashfac’s Virtual Bank Technology, we’ve achieved better cash management, consistent cost savings and easier regulatory compliance across different business units by automating core processes.
Ian Robinson Chief Operating Officer Jardine Lloyd Thomson
Our department was using nearly 50 different paying-in books, so the team wanted virtual accounts to streamline administration and tidy things up. This system has helped claw back the amount of time spent on paper administration
