Get in touch
Get in touch

Cashfac takes Bank live on new Virtual Accounts Platform utilising an initial 155,000 virtual accounts

As part of a complex and significant bank infrastructure project Cashfac has successfully delivered a new virtual accounts platform.  The platform has initially been used to support a migration programme for approximately 90 corporate clients requiring Client Money management services.

The successful migration involved the transfer of 155,000 accounts to the Cashfac virtual account platform, including critical historical data.  Key to the project was achieving a positive customer experience; ensuring minimal disruption whilst switching systems.

You might also like

Navigating Vendor Selection: Ensuring Future-Proof Solutions for Banks
News & Blog

Navigating Vendor Selection: Ensuring Future-Proof Solutions for Banks

What are some of the concerns we've heard from banks selecting escrow, business, and commercial banking self-service virtual account solutions?

Read more

For Hassle-Free Client Money Bank Change, Contact Cashfac
News & Blog

For Hassle-Free Client Money Bank Change, Contact Cashfac

This blog explores the benefits and challenges of changing banks for client cash management, focusing on wealth managers, trusts, and non-bank financial intermediaries. It highlights

Read more

Private Equity is changing the landscape of UK PLC through innovation and investment in transformational leadership
News & Blog

Private Equity is changing the landscape of UK PLC through innovation and investment in transformational leadership

Cashfac is helping Private Equity firms investing in the Pensions, Property and Wealth Management sectors deliver value, fast.

Read more