The company makes use of our discretionary cash services and our Capital Liquidity Account. This maximises the return on the e-Gaming company’s operational cash holdings and on its player deposits alongside appropriate liquidity.
To avoid having to transfer monies to their clearing bank and then having to instruct and key payment instructions, the treasury team linked the company’s cash to the Group’s online payment service. This allowed the client to upload payment instructions directly into our systems.
Straight Through Processing technology removed keying errors and cut transaction costs by using a single point of access to local clearing systems in the overseas markets. The company’s invoice receipts now occur faster as their overseas customers can pay direct into a client’s account via their local bank.
The e-Gaming company now has a holistic cash management and payment solution. This gives them higher returns on cash, coupled with a greater diversification of holdings, alongside a more cost-effective and time-efficient system for handling payments.