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.”
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.