Wholesale corporate trustee AMAL Trustees has joined a growing number of financial institution partners accessing the Cashwerkz digital cash investment platform.
Cashwerkz executive chairman John Nantes said AMAL Trustees’ fund clients will benefit from having greater choice in the cash and term deposit investments available to them through the platform.
“Cashwerkz is delighted to welcome AMAL Trustees to our platform. This demonstrates the market’s growing appreciation of our deep understanding of trustees’ needs and the benefits our digital technology and innovation deliver,” Mr Nantes said.
AMAL Trustees director Philip Joseph said the Cashwerkz’ platform gives the group online access to 49 banks’ market competitive term deposit rates in one place, rather than needing to refer to individual bank rates.
"It also gives our clients an opportunity to more effectively manage their cash on behalf of their fund and removes the risks associated with a manual process,” he said.
“We are always looking for opportunities to improve the service we offer clients. Thanks to Cashwerkz we can now much more efficiently place funds for clients and simplify their fund’s administration.”
Addressing the Future Banking Forum on Wednesday, APRA general manager Melisande Waterford said that neobanks could have a positive impact o...
Cyber-attacks are becoming increasingly widespread and effective, with both criminals and investors standing to gain. ...
Neobank 86 400 along with Regional Australia Bank and fintechs Frollo and Moneytree have been included among the first 10 firms outside of ...
Get notifications in real-time for staying up to date with content that matters to you.
