Using our interest rate management capability, businesses that manage cash on behalf of others can earn interest at a pooled account level while determining the interest due to their client accounts. This allows them to offer a differentiated client offering, taking advantage of applying different levels of interest funded through the pooled account.
For organisations deploying virtual accounts to support an in-house bank structure, the interest rate management capabilities enable shared service centres to be funded through the interest at the pooled account level.
Our platform supports multiple debit and credit interest rate models, commonly calculated from a base/benchmark rate. Businesses using our virtual accounts platform can configure multiple interest rates and apply to their virtual accounts as well as determining their own capitalisation frequencies and statement production.