Cashwerkz has been integrated with Agility Applications’ Connect solution, making the investment platform now available to 175 financial services groups across Australia.
The platform said that in addition to cash investments being quickly and securely administered, advisers will now have online access to competitive term deposit and at-call investment rates and real-time integration from its marketplace, including a number of authorised deposits-taking institutions (ADIs).
The integration delivers regularly updated and transparent market competitive interest rates, Cashwerkz added, while providing an auditable trail for clients seeking confirmation their adviser is acting in their best interest.
“This new integration with Agility Connect is part of Cashwerkz’s goal to deliver more transparency and choice for financial advisers and their clients,” Mr Hector Ortiz, CEO of Cashwerkz, said.
“We have experienced strong interest and growth from the adviser community, and we are excited to welcome advisers using Agility Applications to the Cashwerkz marketplace.”
“The open integration application programming interface (API) allows financial advisers to build an in-depth and customized picture of a client’s overall investments.”
The platform does not handle investors’ money or charge a fee to investors, rather, receiving a fee from its issuing ADI partners on its platform for cash investments.
Cashwerkz said that this, in addition to its high security, makes it a compelling cash management offering for self-managed super funds, financial advisers, fund managers, the wholesale market, custodians and industry superannuation funds.
“We are committed to continually providing our clients with choice,” Craig Apps, director of Agility Applications, said.
“By leveraging our unique open architecture capabilities and integrating with Cashwerkz, we are providing access to a range of cash and term deposit solutions through Agility Connect, which enables a seamless and secure connection to external providers and enhances efficiencies for our clients.”
Agility Applications is a subsidiary of HUB24.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
Sarah has a dual bachelor's degree in science and journalism from the University of Queensland.
You can contact her on [email protected].
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