Open virtual accounts or manage the real bank accounts for your clients
Cash savings and investment platforms are becoming more prominent in the wealth management industry. With low interest rates and the ever-increasing regulatory barriers to opening new bank savings accounts it can be difficult for investors to maximise the return on the cash investment element of their portfolio.
These platforms offer a cash supermarket, where savers can access multiple banking and cash savings products through a single log on, a single KYC identification process and a single application form.
Our regulated open banking solution offers you two options. It can either automatically open virtual accounts for your clients, pool their money for investment and place the pooled cash with one or more of these financial institutions. Alternatively, we can manage the real bank accounts of your clients, taking client or investment advisor instructions to automatically deposit, sweep or pay away funds from these accounts as required.
For more information, download our 'Cash Platforms' solution brochure or contact the team to discuss your requirements or request a demonstration.