Properly segregating client accounts is essential for companies managing client money to ensure that funds owned by different clients are kept separate and secure.
Vendor
Tietoevry
Company Website
Client Money Management
With this solution transaction banks ensures segregation of client funds at the lower level of virtual account hierarchy, which is an essential need for various private and public sector players like asset managers, pension funds, insurance providers and real estate agents. The solution delivers real-time visibility and operational control of client funds, it also smooths transaction allocations and interest apportionment at the underlying client level.
Save costs
Simplify bank accounts and relationships. Self-service client creation and maintenance. Customizable rules, full transparency, real-time info and self-service payments available.
Reduce the risk of commingling
Segregate and aggregate client money holdings. Aggregate money for underlying clients at different levels. Allocate transactions with incomplete referencing to proper client account.
Improve accountability
Provide transparent data for relevant parties. Clients can view balances and transactions, while operational control of holdings remains. Allocate interest based on customer-defined rates.