Get in touch
Get in touch

New UK Bank Calls On Cashfac For Corporate Cash Management & Client Money Solutions

“Bank will offer Cashfac ‘powered’ services including account opening, end-to-end allocation and reconciliation of client monies and Client Money segregation.”

Cashfac Technologies, a global leader in Cash Management solutions, today announced that it has signed one of the UK’s newest banks as its latest banking partner. The new partner bank will utilise Cashfac’s technology to provide end-to-end cash management solutions across its corporate client base and facilitate multiple money management processes including account opening, availability of automated allocation and reconciliation of monies, receipt management and the segregation and protection of client money.

Cashfac’s solutions provide a real time, granular approach for Corporates to better control cash across their enterprise. They fully automate the management and control of payments, receipts and reconciliations to reduce corporate institutions reliance on manual processes and provide real time visibility across the entire lifecycle of a payment. Where organisations are responsible for managing Client Money and complying with client money regulation Cashfac enables complete control over the entire client money lifecycle. All client money movements are identified, automatically segregated and allocated to provide unparalleled control and protection.

Alastair McGill, Managing Director, Global Business, Cashfac, said: “We’re delighted to be working with one of the UK’s newest banking institutions to help provide cross-sector cash management services to their corporate client base. This further exemplifies the confidence that leading banks have in Cashfac’s solutions and adds to the growing portfolio of banking partners that Cashfac has in Europe and throughout the rest of the world. Cashfac prides itself on providing solutions that not only allow firms to reduce the footprint of their manual operations but ultimately saves them time and money as well as reducing their risk.”

You might also like

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

Interest Rates: A Brave New World for Consumers and Corporates
News & Blog

Interest Rates: A Brave New World for Consumers and Corporates

Interest rates are the highest they been since the 2000’s. This brings challenges to borrowers but opportunities for those flush with cash – and the

Read more