Investment in Deposit-Generating Technology

Debt market conditions are a reminder that banks need to maintain their investment in deposit-generating technology

A bank’s corporate product department has a major role in attracting more retail deposits on to the bank’s balance sheet, which helps reduce the dependence upon money markets. A large and growing source of deposits can be found in the client money accounts that are managed by wealth managers, pension administrators, property managers, law firms, brokers and other professionals. These are the kind of businesses that use CashFac Virtual Bank Technology® because they recognise the advantages the solution provides. Client money management is a regulated service and our technology automates compliance processes and helps the professional adviser to offer a broader and more efficient client service.

September 2007