Get in touch
Get in touch

3rd Quarter Results, 2012

Cashfac PLC’s growth continues at a fast pace with Q3 revenues increasing 41% over 2011. Sales activity is high and fees from implementation for new customers are up 38%. Profit for the year to date is more than double last year and cash generation is at record levels.

Cashfac has been selected to deliver a large scale cash management solution for international settlement in the insurance market.

Chief Executive Paul Ormrod comments: “The real time functional depth of new generation Cashfac Virtual Bank Technology® is a game changer. We pioneered the first virtual bank accounts solution back in the 1990s. Four generations of continuous investment on, this latest technology includes trading community and exchange based settlement, cash flow enhancement for suppliers, Cashfac’s Fixed Term Deposit Manager with Basel III optimization, and dashboards for real time monitoring of compliance with client money regulations.”

You might also like

The Synapse Fallout: Change is Coming to the Banking as a Service Business Model
Whitepapers and Research

The Synapse Fallout: Change is Coming to the Banking as a Service Business Model

Banks will need to respond to the regulatory and commercial drivers for change and innovate to meet client needs.

Read more

Why Banks are Adopting Virtual Account Management Solutions
News & Blog

Why Banks are Adopting Virtual Account Management Solutions

Discover why U.S. banks are turning to virtual account management to attract business, stay competitive, cut costs, and meet evolving customer demands—with Cashfac as a

Read more

State Governments and Municipalities
Solution Literature

State Governments and Municipalities

Cashfac provides operational cash management services to multiple sub-Federal government bodies globally. The platform is used for a range of use cases, including the management

Read more