Driving Large Scale Deposits
With increased competition for deposits, your bank’s ability to retain clients and attract new deposits while reducing cost-to-serve is pivotal for long-term success. Banks that can offer a differentiated client experience are winning new business from those that can only offer a one-size-fits-all solution.
Cashfac’s digital cash and banking platform is a cloud-based solution for operational cash management and client self-service. On a single platform, our solution automates complex cash operations to drive operational efficiencies and regulatory compliance for banks and their clients.
Key Benefits
- Single platform that offers industry-specific configurations
- Seamless integration with client operational systems
- Client self-service model with the same look and feel as the bank
- Enhanced user journey via automated cash and banking processes
- Cost reduction through operational efficiencies
- Automated regulatory compliance and interest calculations
Cashfac
Digital Cash and Banking Platform
Our highly scalable solution operates on an industrial scale for large banks and corporates. We provide banks with a tailored solution that delivers a unique client experience configured to their specific industry sectors.
Working with global banks and corporates for over 27 years, we have a proven track record of successful partnerships that deliver business outcomes, and we understand the business needs of your clients.
Cashfac
The Value We Bring
Cashfac is configured for the digital age – providing Cloud and Open Banking ready tools that provide agility, flexibility and scalability
Attract new and retain existing customers
Introducing Cashfac’s Escrow Account solution enables banks to win new and retain existing customers.
Fully managed platform that allows the bank to focus on selling
Typically, bank deposits increase with the introduction of Cashfac’s Escrow Account solution.
Deposits migrated onto Cashfac’s Escrow, Property and Healthcare platform are higher quality, more predictable deposits for the bank
SOLUTIONS TAILORED FOR NEW MARKET SECTORS - TO WIN NEW CUSTOMERS
Deepen presence in existing industry sectors. Cost-effectively and efficiently enter new industry sectors.
REDUCE COST-TO-SERVE BY AUTOMATING OPERATIONAL PROCESSES - FOCUS ONLY ON EXCEPTIONS
Cashfac allows the bank to eliminate manual account opening, account maintenance, statements and receipt allocation processes. Allowing the bank to better focus on meeting their clients’ needs and growth.
A SELF-SERVICE SOLUTION THAT ENHANCES THE CUSTOMER EXPERIENCE
Customers move from a manual, time consuming customer experience to an automated always available digital customer experience in their control.
Cashfac allows bank customers to immediately open accounts, make payments, access reports and statements, change account hierarchies – all online
Cashfac is configured for the digital age – providing Cloud and Open Banking ready tools that provide agility, flexibility and scalability
Attract new and retain existing customers
Introducing Cashfac’s Escrow Account solution enables banks to win new and retain existing customers.
Fully managed platform that allows the bank to focus on selling
Typically, bank deposits increase with the introduction of Cashfac’s Escrow Account solution.
Deposits migrated onto Cashfac’s Escrow, Property and Healthcare platform are higher quality, more predictable deposits for the bank
SOLUTIONS TAILORED FOR NEW MARKET SECTORS - TO WIN NEW CUSTOMERS
Deepen presence in existing industry sectors. Cost-effectively and efficiently enter new industry sectors.
REDUCE COST-TO-SERVE BY AUTOMATING OPERATIONAL PROCESSES - FOCUS ONLY ON EXCEPTIONS
Cashfac allows the bank to eliminate manual account opening, account maintenance, statements and receipt allocation processes. Allowing the bank to better focus on meeting their clients’ needs and growth.
A SELF-SERVICE SOLUTION THAT ENHANCES THE CUSTOMER EXPERIENCE
Customers move from a manual, time consuming customer experience to an automated always available digital customer experience in their control.
Cashfac allows bank customers to immediately open accounts, make payments, access reports and statements, change account hierarchies – all online
Platform Capabilities
We have proven experience growing existing and creating new sector franchises for our banking customers with our single solution
Industry Focus
Escrow Accounts
Propery Managers
Healthcare
Escrow Accounts
Our digital cash and banking platform supports the needs of escrow agents, attorney trust accounts, and qualified intermediaries.
With Automated IOLTA capability, attorney self-service accounts and automated 1031 accounts, our platform will enhance your escrow account platform.
Propery Managers
Our digital cash and banking platform supports the needs of property managers.
With our scalable solution, we help banks offer property managers a cash and banking service that meets their regulatory requirements around cash segregation, reduces manual processes, and allows them to offer a more competitive service to their clients.
With Cashfac, banks secure new property management clients and improve the retention of existing clients.
Healthcare
Our digital cash and banking platform supports of the needs of healthcare providers.
With our scalable solution we help banks offer Healthcare providers a cash and banking service that meets their regulatory requirements around cash segregation, reduces manual processes, and allows them to offer a more competitive service to their clients.
With Cashfac, banks secure new healthcare clients and improve the retention of existing clients
Jeremy Marchant
Senior Vice President United States
Jeremy is Cashfac’s Senior Vice President United States leading Cashfac’s operations in the United States.
Jeremy has 17 years’ experience working in US and European Commercial and Investment Banks, delivering transformational technology programmes that support the business. He trained as a Management Accountant at Salomon Smith Barney and spent a number of years at Citigroup supporting the emerging markets trading operation and P&L reporting. He was Head of Finance Change and Transformation at UBS Paine Webber Wealth, working with the business on core platform implementations to support business growth across the US, UK and the EU.
Finally, he spent 4 years at Barclays Capital driving business and regulatory change in the Commercial Bank as Global Head of Finance Regulatory change. Having left banking in 2011, Jeremy spent 7 years at Accenture and EY working for investment and commercial banks, including Goldman Sachs, Barclays Capital, Deutsche Bank and HSBC. Jeremy has degrees from the London School of Economics and the University of Cambridge.
Paul Ormrod
Founder & Executive Vice Chairman
As Founder of Cashfac Paul pioneered the development of Cashfac Virtual Bank Technology® (VBT) which has driven the company’s growth and is now deployed in organisations around the world. Paul continues to champion innovation within the company, working with clients and internal teams to shape the future direction of the company’s solutions and services.
Prior to founding Cashfac Paul held leadership positions in several financial services firms including being the founding director of Lloyds Bank Stockbrokers and the finance and operations director of Lloyds’ government bond trading operations. Subsequently, Paul was the lead consultant in the creation of Nomura’s government bond market-making operations in London.
As a Price Waterhouse management consultant Paul’s focus was large scale capital markets operations, banks and compliance; establishing the computer audit capability in Singapore and leading IT reviews for the Financial Services, Defence and Retail industries.
Paul is a member of the Securities Institute and a Fellow of the Chartered Association of Certified Accountants. He is also a member of the London Society of Rugby Football Union Referees.
Helena McInally
Company Secretary and Director of Corporate Services
Helena is Company Secretary and leads the Cashfac teams responsible for Regulatory Compliance, Staff Well-Being services, Finance, Legal Services including patenting and contracts, and shareholder communications.
She coordinates all these services covering Cashfac operations across all Cashfac offices. Helena was one of earliest team members at Cashfac progressing to Group Company Secretary after graduating with the ICSA in 2006 and she firmly supports the philosophy of internal training and promotion.
Under Helena’s guidance, Cashfac PLC became a regulated business in October 2018, licensed as a Payments Services Provider and her team works continuously to meet the strict governance obligations of that licence, protecting stakeholder interests.
Resources
Solution Literature
Escrow Account Service – Delivering an Enhanced Customer Experience
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