CashTech Solutions, a Fundtech Ltd. company and a global provider of cash management solutions, announced that TMB Bank, of Thailand, has purchased its cash management solution. TMB Bank will use CashTech’s TransactCashIn to provide services in the areas of collections, receivables and liquidity management.
TransactCashIn Collections enables banks to offer better cash flow planning and optimal utilization of funds for their corporate customers.
Aimed at providing benefits to both the bank and its customers, TransactCashIn Liquidity Management Module can execute priority-based instructions, control the movement of funds across accounts with differential interest rates, compute interest earnings and allocate earnings/loss to participating accounts.
“We are confident that this partnership will help us achieve the ambitious growth targets that we have set for ourselves,” said Khun Silawat Santivisat, Head of Cash Management, TMB Bank, said. “With strong domain expertise and a functionally strong product, we look forward to working closely with CashTech to meet the complex demands of our customers.”