Clareti Virtual Accounts

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

Clareti Virtual Accounts is a flexible, scalable solution providing a bank with a client money/cash management system that integrates with your banks systems and those of your customer. It enables true STP and real-time reconciliation of receipts into virtual accounts or sub-accounts, all linked to a real bank account.

Clareti Virtual Accounts is an end-to-end, client monies/cash management solution that creates significant financial and operational benefits for the company. The service enables you to pool client’s funds, and offer your customers great efficiency and control in their management of cash receipts and payments. Adding further accounts for your customers is a quick and simple process which your client can self manage.

Real-time reconciliation of your clients cash receipts becomes an automated process. Payments can be initiated from virtual accounts. This combined with robust financial controls ensures both financial integrity and regulatory compliance.

Key features include:

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

  • 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 international payment standards including cheques, inter accounts transfers, automated reconciliation, remittance advice, automatic cash allocation and accounting systems.

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

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

Who will Benefit?

Any company where cash management is a core part of their business, for example:

  • large corporates

  • building societies

  • IFA’s

  • stockbrokers

  • lawyers

  • accountants

  • professional associations

  • trade unions

  • telcos

  • fund management companies

  • care homes

  • retailers

  • commercial and retail property management companies

  • savings clubs

  • insolvency practitioners

  • credit unions

How it works



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Clareti Virtual Accounts