Agency Banking & Correspondent Banking Solutions
CashFac’s added value agency banking solutions enable a bank to operate a full or specialized local / regional banking service in connection with a partner bank host. This is a flexible solution enabling any customer service to be offered by or on behalf of the agent bank. CashFac Virtual Bank Technology® leverages the economy of scale of the host bank and enables own product definition, own labelling, flexible sharing of customer service, own terms of business, own statement designs, fully segregated and protected database etc.
CashFac Virtual Bank Technology® adds depth, functionality and value to traditional nostro structures including: Allocation, accounting and analysis for end customer revenue collection, allocation of charges and interest etc.
The Internet facilities enable direct access to the allocation and accounting in the sub accounting structures so that the end customer benefits from Straight Through Cash Processing® in correspondent banking. Fund sweeps can be offered as part of this direct access.
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A partnership solution for partner banks
Adding value to correspondent banking services
