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Cashfac reports bank contract win for cash-management tech

02 September 2014  |  1200 views  |  0 Source: Cashfac Technologies

Cashfac Technologies, a global leader in Cash Management solutions, today announced that it has signed a new leading European headquartered banking partner.

The new partner bank will white label Cashfac’s technology to provide end-to-end cash management solutions across its corporate client base, that includes insolvency practitioners, property managers, fund managers and investment companies.

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: “Leading Banks around the world continue to place Cashfac’s solutions at the heart of the cash management services they offer to corporate institutions and public bodies. We’re delighted to have signed another leading European bank to our growing portfolio of banking partners in Europe and 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.”

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