Major European Bank selects Cashfac to provide their Virtual Accounts Management platform

Following a competitive selection process, we are delighted to announce that a Major European Bank has selected Cashfac to provide its Virtual Account Management platform.

The bank has selected Cashfac in response to demand from corporate customers looking to optimise their cash flow and liquidity management. Delivered on the latest version of Cashfac’s Virtual Bank Technology (VBT), the platform will enable the bank to develop a new cash management structure to fulfil these needs.

Cashfac VBT will provide the banks customers with seamless integration between their administration and internal systems with their existing banking environment. The solution will be managed and hosted by Cashfac, allowing the bank to reduce operational costs and place emphasis on what really matters, their customers.

Richard Cummings, CEO of Cashfac, said: The Bank’s desire to address the needs of its customers was fundamental to their decision to implement Cashfac’s VAM platform. We are truly excited to be working with such a forward-thinking customer centric Bank to deliver market leading solutions for their existing and new customers.