Clareti Virtual Accounts

A proven deposit acquisition tool for banks designed to offer significant benefits for corporate cash managers of client monies, franchises or multiple account structures.

Clareti Virtual Accounts is a flexible, scalable solution that provides a complete, client management system that integrates with both your core business systems and your banks. Managing the credits and debits of many separate bank accounts can be an administrative burden. However, Clareti Virtual Accounts automates the entire process and brings additional financial benefits.

Clareti Virtual Accounts is an end-to-end, client money management solution that creates significant financial and operational benefits for the company. The service enables you to pool client’s funds, and better manage and allocate the investment returns. Adding further accounts for your customers is a quick and simple process.

There are robust financial controls in place to ensure both financial integrity and regulatory compliance.

Key features include:

  • Clareti Virtual Accounts is a multi-asset, multi-bank and multi-currency solution.

  • Creates a virtual accounts structure to support financial product deployment enabling the aggregation of underlying funds to maximise investment funds and minimise liquidity requirements.

  • Clareti Virtual Accounts supports BACS, CHAPS and SWIFT payments, cheques, inter accounts transfers, automated reconciliation, remittance advice, automatic cash allocation and accounting systems.

  • The solution, integrated with the user’s chosen bank, is able to provide seamless connectivity for opening day balances and intra-day payment functionality.

  • Clareti Virtual Accounts offers all the components for client money management and cash processing.

  • Integration of cash flow movement and accounting in one simple step.

Who will Benefit?

Any company which manages client money will experience enormous benefits including:

  • small and mid-size banks

  • building societies

  • IFA’s

  • stockbrokers

  • lawyers

  • accountants

  • professional associations

  • trade unions

  • fund management companies

  • care homes

  • retailers

  • commercial and retail property management companies

  • savings clubs

  • credit service association firms involved in insolvency.

Existing clients range from a leading commercial property management company to a charitable organisation. They have experienced the benefits of Clareti Virtual Accounts such as scalability, improved customer service as well as better operations and administration quality and dramatic cost reductions.

How it works



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Clareti Virtual Accounts