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
12 June 2019: Cashwerkz has integrated its digital cash investment platform with the Agility Connect solution from Agility Applications to enable advisers and their clients to streamline the application and administration of At Call and Term Deposit cash investments. Agility Applications currently delivers customised data solutions to 175 financial services groups across Australia and is a wholly owned subsidiary of HUB24 Limited.
In addition to cash investments being securely and quickly administered, advisers will now have online access to competitive Term Deposit and At Call investment rates and real-time integration from Cashwerkz’s marketplace of many Authorised Deposit-Taking Institutions (ADIs). This integration delivers regularly updated and transparent market competitive interest rates, while providing an auditable trail for clients seeking reassurance 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. 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,” said Mr Hector Ortiz, CEO, Cashwerkz.
“The open integration Application Programming Interface (API) allows financial advisers to build an in-depth and customized picture of a client’s overall investments. Cashwerkz’s easy to use digital application form and efficient rollover and switching process at maturity can fast track a defensive cash investment strategy for clients whenever they need it.”
Designed as a digital-only cash investment platform, Cashwerkz offers bank-grade security in its end-to-end processes, does not handle investors’ money or charge a fee to investors. Instead, it receives a fee from the issuing ADI partners on its platform for cash investments. This makes Cashwerkz a highly compelling cash management offering for self-managed super funds (SMSF), financial advisers, fund managers, the wholesale market, custodians, and Industry superannuation funds.
“We are committed to continually providing our clients with choice. 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,” commented Craig Apps, Director, Agility Applications.
“Cashwerkz has developed a unique automated and streamlined identification process that helps reduce administration needs, allowing advisers to focus on delivering value and helping clients access a choice of cash solutions.”
Agility Connect users can access the Cashwerkz platform from today.