Cashfac Technologies appoints new Head of Product Management

Tim Martin joins as Cashfac expands its bank partner platform

Cashfac Technologies, a global leader in Cash Management solutions, today announced that it has appointed Tim Martin as Head of Product Management. Based in London, Martin will report to Richard Cummings, CEO of Cashfac and take responsibility for shaping the company’s Corporate Cash Management solutions.

Cashfac’s Virtual Bank Technology platform is deployed at banks around the world to provide white-labelled Cash Management solutions to bank’s Corporate and Business Banking clients.  Martin will lead the expansion of the platform to deliver a broader range of Cash Management solutions that meet both regulatory and market requirements.

With over 24 years’ experience in financial services software sector Martin has built a strong career and reputation in the reconciliations, matching and STP spaces. Prior to Cashfac Martin held a number of senior positions at SmartStream Technologies, covering both pre- and post-sales activities with specific focus on delivering value to clients. Tim helped SmartStream successfully move into the cash management arena and has proven understanding of managing product lifecycles to enable clients to secure significant return on their software investments.

Most recently Tim was product manager for SmartStream’s reconciliation solutions and drove the adoption of these solutions across a number of Tier 1 organisations, prior to which he was 12 years at Broadridge in product management and business development roles.

Commenting on the appointment, Richard Cummings, CEO of Cashfac, said: “We’ve seen increased adoption of Cashfac’s solutions by both our Bank partners and the broader market place as they look to apply greater levels of automation to their cash management processes, particularly in the receivables, payables and client money management parts of their businesses. Strengthening our product management team with this key hire will allow us to exceed our customers’ expectations in how they can apply technology to manage these parts of their cash operations. Tim has extensive experience of being engaged closely with organisations and is keenly focussed on successful delivery of a product within the client base. The timing of this hire could not be better.”

Tim Martin, Head of Product Management, Cashfac, added: “Cashfac has established itself as a truly innovative solutions provider in the Corporate-to-Bank cash management space and I’m excited to be joining such a dynamic team. Our strong product proposition coupled with a highly skilled and experienced team has created the perfect platform on which to grow and expand.”

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