The startup develops a banking management system that integrates with settlement banks to provide tailored account opening models for unregulated financial institutions. This technology enables these institutions to manage accounting entries efficiently and offer personalized mobile and internet banking solutions to their customers.
Funding
$900K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Unregulated financial institutions face challenges in efficiently managing accounting entries and providing tailored banking solutions to their customers, often lacking the integrated systems necessary to meet regulatory demands and customer expectations. This can lead to operational inefficiencies, increased compliance risks, and limited ability to offer personalized services.
Solution
CashWay offers a comprehensive core banking system designed to streamline operations for financial institutions and payment providers, ensuring compliance and enabling innovative service delivery. The platform integrates regulatory reporting, accounting, and Banking as a Service (BaaS) functionalities, providing a unified solution to meet market demands. With modules for credit, digital accounts, and investments, CashWay empowers institutions to offer a wide range of services, including Pix, TED, and 24-hour withdrawals. The system's architecture prioritizes regulatory compliance, operational efficiency, and enhanced customer engagement through customizable products and secure transactions.
Target Audience
CashWay primarily serves financial institutions, payment institutions, credit cooperatives, SCDs, SCFIs, SCMs, and fintechs seeking a comprehensive, compliant, and customizable core banking solution.
Features
- Comprehensive core banking platform with integrated regulatory, accounting, and BaaS functionalities
- Modules for credit management, digital accounts, and investment management
- Automated regulatory reporting, including CADOC, SPED, and other legal requirements
- Customizable product configuration and client management tools
- Digital account features including Pix, TED, 24-hour withdrawals, and Open Finance integrations
- Credit module with risk assessment and customizable credit lines
- Investment module supporting pre- and post-fixed investments, RDC, RDB, and B3 registration
- Developer Hub with API documentation for custom integrations
- Anti-fraud module for secure transactions