31 July 2019: Cashwerkz (ASX: CWZ) today announced its latest partnership with Australia’s first SME challenger bank, Judo Bank. Judo…
Written by Rachel Polglase Published: July 31 2019 Press Release
Cashwerkz and RIM Securities, subsidiaries of Trustees Australia (ASX:TAU) are pleased to announce that they have executed a Memorandum of Understanding with Australian Executor Trustees (AET) to provide a secure technology platform for its Corporate Trust division to service a range of defensive asset products particularly term deposits for their clients.
Innovating investment efficiency and transparency through technology
Cashwerkz provides a secure technology platform which streamlines the investment processes of researching, transacting and managing term deposits and other fixed income products by leveraging financial technology. The platform connects clients with the capabilities to meet their investment strategies in the fixed income and defensive asset class. By utilising the Cashwerkz platform, AET and its clients will benefit from digital upgrades commencing with term deposit rate research, real-time reporting, workflow implementation, capturing of KYC/AML obligations and investment management consolidated into one place.
Cashwerkz and RIM Securities CEO, Hector Ortiz said, “our collaboration with AET is a strong strategic fit and we see this MoU as a significant opportunity to streamline the investment process in the term deposit and trustee landscape in Australia. We look forward to providing continued innovation leveraging the capability of our technology platform and through close collaboration with AET. Cashwerkz expects this ongoing relationship to drive business growth and innovation that will further evolve the platform and enhance investing experiences”
A spokesperson for AET commented, “we hold significant amounts of cash on behalf of our clients. This is the right partnership for our customers and to ensure we are embracing financial technology and innovation to benefit our clients.”