Cashfac PLC selected by Customers Bank to launch self-service escrow solution

September 17, 2024: Cashfac PLC has been selected by Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE: CUBI), to introduce a new self-service escrow solution. The alliance enables Customers Bank to revolutionize its customer experience for real estate and legal services clientele, providing greater access to and control over a critical aspect of their businesses.  

“We are pleased to be working with a vendor that has demonstrable expertise in the industries we serve,” said James Porr, Head of Treasury Management at Customers Bank. “We are focused on delivering differentiated solutions that meet the needs of our customers, and both speed to market and a unique customer experience were critical in our vendor selection. Cashfac met and exceeded both objectives.”  

Customers Bank conducted a rigorous search and selection process for an intuitive self-service escrow solution, engaging Cashfac for its proven track record and dedication to delivering agile solutions in a timely fashion. Following its tried and tested implementation methodology, Cashfac introduced a market-ready solution in just two months’. 

“We are delighted to work with a client like Customers Bank, which is redefining the future of banking in America,” added Jeremy Marchant, Senior Vice President, United States, for Cashfac. “We are excited to be part of the Customers Bank growth strategy and look forward to our continued relationship as we deliver sound performance for its valued clients.” 

For more information, visit www.cashfac.com 

About Cashfac  

Cashfac is a global fintech specializing in operational cash management for organizations that manage complex client money operations. With 30 years’ experience, Cashfac automates operational cash, transforming the user experience while managing payments through to settlement. Cashfac’s digital cash and banking platform is a self-service operational cash management solution, specifically tailored to meet the unique needs of commercial banks and their clients. This platform provides banks with the tools to deliver customized client experiences across various industry sectors, driving operational efficiencies on a single platform. As a trusted partner to U.S. banks, Cashfac streamlines complex cash operations, ensuring enhanced efficiency and client satisfaction.

Media Contact Cashfac: 

Jack Rees, Marketing Manager, jack.rees@cashfactechnologies.com