FinClear’s Post

The start of a new year is a time for reflection and review. This review for most people almost always includes setting a financial goal for the year ahead. If you have cash invested in a term deposit account, it’s probably worth taking a look to see what rate you are getting for your cash today. That enticing honeymoon rate period has probably come to an end, and you might not actually be getting the rate you once thought you were.   This is where the Transact1 Wealth Income Fund comes into its own. Transact1 is a fully automated system that continuously seeks the best rate from a panel of banks and transacts cash efficiently. This panel includes leading Australian and international banks. There are no delays, paperwork, or extra administrative costs, it is all automated.    Transact1, part of the FinClear Group, has a five-year track record helping financial institutions including super funds manage cash allocations, and now manages $3+ billion on its platform. A specialist in cash management, this unique and proven cloud-based infrastructure provides transparency, security, daily liquidity, and accessible reporting.   So, if you are a wealth manager looking for a better rate for your clients or you are a client wanting a better return, take a look at transact1 this year. https://bit.ly/3PTd9LH #cashinvestment #wealthmanager #liquidity #fintech

Did you know? Faster payment services like FedNow and The Clearing House's Real Time Payments Network could become the centerpiece of profitable business services. While most banks and credit unions see faster payments as a commodity service, faster payments can be a steady source of revenue for the institutions that offer them. To understand the revenue-generating potential of instant payments, check out this insightful article from The Financial Brand: https://hubs.ly/Q02qbvDy0 #FasterPayments #FedNow #ClearingHouse

Could it be a mix of patience, fear, thoughtfulness, or lack of foresight? Through various conversations, I've found that some people grasp the concept, while others don't. Some are paralyzed by the unknown, while others see it as an opportunity. It's still too early to determine which approach, being a fast adopter or a fast follower, is best. However, most industry experts do agree on one thing: there is revenue to be gained on the sending side, especially in the B2B space. I would even argue that the B2B sending aspect represents less risk due to its inherently built-in practices that resist the dreaded F word. Let's dive into some statistics: FedNow currently has over 600 financial institutions (FIs). Of these 600+, 60% (360+) were not active in RTP. 40% (240+) are send enabled, but only 12 are actively sending. Transaction volume is increasing at about 10% per week, with thousands of transactions already being processed per day. We're only 8 months into this journey, and the early volume has exceeded most expectations but I believe opportunities are being missed. Use cases are evolving, and organizations are becoming more comfortable with the processes. If your financial institution hasn't started looking into this yet, I urge you to take the first step. On a personal note, I'm proud to say that Pidgin has clients who are actively sending payments! I would be thrilled to help your organization take that first step as well. Tim Rozanski Abhishek Veeraghanta Scott Harris Jake Thompson

Introducing MoneyApp – A Secure and Smart Way to Lock and Plan Your Finances Excited to share a sneak peek of MoneyApp – our platform designed to help you manage your finances with discipline and ease! 🚀 With MoneyApp, you can: ✅ Deposit money and lock it until a specific date and time. ✅ Ensure your funds are securely held and automatically transferred back to your bank account upon maturity. ✅ Plan ahead and build better financial habits. Check out the video below to see how our user-friendly interface and automatic transfer system work in action. We believe this tool can help you achieve your financial goals with transparency and reliability. Visit our website: https://lnkd.in/dPcqbi-h #FinTech #FinancialPlanning #MoneyManagement #UserExperience #TechInnovation

The future of payments is here, with FedNow® and RTP® networks offering instant transactions. While many financial institutions receive payments instantly, the real game-changer is sending payments. Watch our on-demand webinar with Q2's Debbie Smart, CTP, The Clearing House's Keith Gray, Federal Reserve Financial Services' Dan Gonzalez, and Open Payment Network's William Bradley Wilkes to get the latest updates on adoption and helpful insights on developing your instant payments send strategy. Watch Now ➡ https://bit.ly/3AqlrVO #InstantPayments #FedNow #RTP #Payments

Tired of rigid banking systems? Discover how Tradeshare is reshaping the financial landscape through peer-to-peer lending. Flexibility and personalization are key. Peer-to-peer lending is disrupting traditional financial paradigms, offering a fresh alternative to the impersonal nature of conventional banks. What makes Tradeshare different? 1. Personalized Options: Tailor your borrowing and lending according to your specific needs and capabilities. No more one-size-fits-all financial products. 2. Enhanced Flexibility: Set your own terms, interest rates, and repayment schedules with complete transparency and ease. 3. Empowerment at Your Fingertips: Experience true financial autonomy in a secure, user-focused environment. Join the Movement! Explore how TradeShare can help you achieve financial independence on your terms. Discover more about our platform and join a growing community committed to reshaping the future of finance. #FinancialFreedom #DeFi #P2PLending #individualizedfinance

📢 We have a couple of quick 📽️ announcements from Rob Moffat... Dive into the recently released Open Source in Finance Forum schedule & download a copy of a new e-book called “Modern Development Practices in Banking” from Anna Redbond & the Flagsmith team (check out Rob's chapter)! 🔗 OSFF Schedule: https://bit.ly/49y7ZLt 🔗 Modern Development Practices in Banking: https://bit.ly/3Jhxzd1 #opensource #fintech #regtech #FINOS #financialservices

I dream of buying a car, not an auto loan !! That's what Nasir Zubairi , CEO of The LHoFT - Luxembourg House of Financial Technology spoke in #GFF last week. And this is how all consumers would think. But, with the advent of tech in everyday banking, the exercise has become very transactional. Something for our financial ecosystem to think about when we productize requirements and forget about the customer's sense of joy / achievement which takes a backseat in this process. This, and many more such wisdom nuggets that speakers shared with audience on #lending, #payments, #fintech, regulatory compliance, and more. Have some interesting takeaways to share from the event? Please mention them in comments or DM me to exchange notes.

Really looking forward to Innovate Finance's #IFGS 2024 next week connecting with industry leaders, gaining insights into the latest FinTech trends, and exploring innovative latest solutions in finance and technology space. If you're going to be there let know it would be great to catch up. Hope to see some of you on Monday! #fintech #fintechweeklondon

New Blog Alert - In today's dynamic financial landscape, banks are on the lookout for innovative solutions to enhance treasury management and grow deposits. 🌟 Discover the inspiring success story of an $8B+ Northeastern bank that leveraged ZEscrow to achieve remarkable commercial deposit growth, from $1MM in 2021 to over $30MM by early 2024! 🌟 Client Testimonial: “ZEscrow has been the game-changer we needed to support our aggressive deposit growth goals. We highly recommend ZEscrow to any financial institution looking to unlock their full potential and drive substantial growth.” Read the whole story here: https://lnkd.in/gngbq3S4 #Fintech #BankingInnovation #TreasuryManagement #DepositGrowth #ZEscrow #FinancialSolutions #BusinessGrowth #CustomerSuccess #FinancialInstitutions #TechInnovation