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Diasoft Offers Physical Cash Pooling Tools for More Effective Liquidity Management

February 21, 2024

Diasoft has introduced the new software product “Physical Cash Pooling”. The product is based on the microservice architecture and supports all types of physical cash pooling involving real cash movement to the centralized account (zero balancing, target balancing, sweeping balancing).

Physical cash pooling helps to manage several accounts opened by the client at a bank. Balances of individual accounts are swept to the centralized master account or treated jointly to ensure tax and interest optimization. Such account management allows bank customers to reduce the total cost of borrowing by covering cash gaps with temporary free liquidity. Pooling also simplifies management of cash movements within the pool and allows earning increased interest on the total positive balance across the pool accounts.

Key product functions:

  • Setting up fees for the transfer of funds between accounts in a pool, inclusion of an account to a pool, pausing/cancellation of the use of an account in a pool.
  • Setting up limits for the use of joint pool funds by separate pool accounts.
  • Setting up an individual interest rate for the total positive balance of all pool accounts.
  • Setting up an individual interest rate for the use of overdraft facilities.

The use of the “Physical Cash Pooling” allows the bank to offer its customers a new service for the management of several bank accounts, obtain new customers and increase the service revenue with the pooling service fee.

The microservice architecture of the solution allows integrating it with different back-office systems, provided by Diasoft or other vendors.

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