Euracle provides solutions for banks to extend deposit guarantees beyond €100,000 and exchange deposits with other institutions based on liquidity needs. They also enable corporate and fintech clients to improve returns on held liquidity. This generates benefits for customers, banks, and the entire financial system.
Funding
Funding not disclosed
Founders
Product
Problem
Banks and corporations face challenges in optimizing liquidity management, including limited access to diverse sources of funding and the need for deposit guarantees exceeding standard coverage. Companies often lack efficient mechanisms to maximize returns on their cash reserves while banks seek ways to attract large corporate deposits without incurring significant overhead.
Solution
Euracle provides a fintech platform that facilitates direct interaction between banks and corporations for liquidity management and deposit guarantee enhancement. The platform enables corporations to solicit competitive bids from multiple banks for their liquid assets, ensuring optimal returns and flexibility in terms. Banks gain access to a streamlined channel for attracting corporate deposits, enhancing their liquidity position without investing in extensive corporate banking infrastructure. Euracle also offers solutions for banks to extend deposit guarantees beyond €100,000, attracting larger deposits and optimizing regulatory capital.
Target Audience
Euracle targets banks seeking to optimize their liquidity and attract corporate deposits, as well as corporations looking to maximize returns on their liquid assets and diversify banking relationships.
Features
- Corporate portal for requesting competitive bids from multiple banks on corporate liquidity.
- Bank portal for accessing corporate liquidity auctions and submitting offers.
- Customizable offer terms and conditions for both corporations and banks.
- Deposit guarantee extension mechanisms for banks to attract larger deposits.
- Simplified access to corporate liquidity without requiring investment in corporate banking functions.
- Regulatory optimization through the offering of 100% guaranteed deposits, regardless of amount.