GoldenBasis provides a suite of APIs and a Transfer Command Center that automate and manage customer account transfers (ACATS) for NSCC members, enhancing operational efficiency and reducing manual errors. By leveraging AI for data validation and real-time tracking, the platform streamlines the transfer process, enabling firms to increase inbound ACATS and improve client onboarding experiences.
Funding
$500K 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
Customer account transfers (ACATS) between NSCC members are often a manual, error-prone process, leading to operational inefficiencies and increased costs for broker-dealers. Existing systems lack seamless integration and real-time tracking, resulting in delays and a suboptimal client onboarding experience.
Solution
GoldenBasis provides a suite of APIs and a Transfer Command Center designed to automate and manage customer account transfers for NSCC members. The platform streamlines the ACATS process by connecting to the DTCC and integrating with existing back-office systems. GoldenBasis leverages AI-powered data validation to minimize errors and offers real-time transfer tracking, empowering operations teams to efficiently handle exceptions. By automating the transfer process, GoldenBasis enables firms to increase inbound ACATS, reduce operational costs, and improve the client onboarding experience. The Transfer Command Center provides tailored views for both the NSCC member and any correspondents, allowing monitoring of all customer account transfers and a complete history of actions taken.
Target Audience
GoldenBasis primarily targets NSCC members, including self-clearing broker-dealers, correspondent clearing firms, private banks, large wealth management firms, insurance companies that sell annuities, and mutual fund transfer agents.
Features
- Modern API with webhooks for programmatically processing transfers and connecting to existing systems
- Transfer Command Center for operations teams to handle exceptions and monitor transfers
- AI-powered data validation to reduce errors in transfer data
- Support for full, partial, fail reversal, residual credit, reclaim, position transfer fund, and mutual fund cleanup transfers
- Support for equities, ETFs, fixed income, mutual funds, options, alternative investments, unit investment trusts, and annuities
- Bulk transfer support and robust error handling
- Comprehensive documentation and a sandbox environment for easy integration
- Integration with existing books and records systems