Providing account information and payment initiation services as an Authorised Payment Institution (API)
London, United Kingdom — 16 October 2018 — Cashfac, global provider of cash management solutions to businesses, financial institutions and public-sector organisations, announces that it has been granted its licence by the FCA to carry out account information and payment initiation services as an Authorised Payment Institution (API).
“I’m thrilled” said Richard Cummings, CEO, Cashfac. “The FCA licence allows Cashfac to enhance its existing cash management products with the launch of its new wave of cash management technology including our new virtual account Open Banking app, SlideBy, on iPhone and iPad.”
Cashfac is the leading bank-to-corporate cash management virtual account software provider. Cashfac works with many of the leading banks around the world. Cashfac’s white-label software solutions enable banks to provide their corporate and business banking clients with leading edge cash management solutions. Cashfac and its bank partners serve organisations around the world from almost every industry sector and every size. Slide gives Cashfac a foothold in the SME and early stage business markets.