Under the agreement, Cashwerkz (a subsidiary of Trustees Australia) will provide a secure technology platform to streamline the researching, transacting and managing of term deposits.
Clients of One Managed Investment Funds, a subsidiary of One Investment Group (OIG), will benefit from rate research, real-time reporting, workflow implementation, KYC/AML obligations and investment management.
Cashwerkz chief executive Hector Ortiz said: “Working with OIG to streamline the term deposit investment process for them and their clients is exciting for the Cashwerkz team. We look forward to providing continued innovation leveraging the capability of our technology.”
“Cashwerkz expects this ongoing relationship to drive business growth and innovation that will further evolve the workflow and enhance investing experiences for the institutional space in Australia,” Mr Ortiz said.
OIG managing director for custody services Shane Ritchie said: “We are committed to innovation and providing our customers with outstanding service. This is the right partnership for us to ensure we are embracing financial technology and innovation to benefit our clients.”