Clareti Virtual Bank Accounts

• Client money management;
• Open, close and make payments from virtual bank accounts;
• Set, pay and report on tailored interest rates for clients;
• Eliminate re-keying and other manual operations; and
• Integrate with back office systems for straight through processing.

Gresham Clareti Virtual Bank Accounts is a real-time cash management solution comprising Gresham’s Integration component and our partner CashFac’s Virtual Bank Technology® (VBT).

The Clareti Virtual Bank Accounts solution provides significant control and efficiency improvements for those managing client money or client funds. Re-keying and other high cost, manually intensive operations are removed allowing the corporate to streamline the entire process of managing individual client funds whilst demonstrating compliance with regulatory requirements.

The Gresham integration component provides a two way link between the bank’s payment systems and CashFac VBT, facilitating a flow of transactions between the two in real-time. Gresham also provides bespoke integration components to provide a two way link between the corporate user’s back office systems and the solution itself.

We currently provide the Clareti Virtual Bank Accounts solution to Barclays Bank PLC, who market the solution as Barclays Integrated Funds Solution (IFS) and Barclays Account Management Solution (AMS) and another major bank outside the UK.