Enabling global tier1 banks to optimise their intraday liquidity
Global banks move trillions around the world every day. The financial system is essential for the global economy function.
Following the Great Financial Crisis, global regulators put stringent liquidity requirements in place, to make sure banks always have sufficient funds to keep global transactions flowing. While this is good for stability, it is expensive for banks. Especially as interest rates have started to increase. Banks routinely hold billions of dollars in excess liquidity, just in case they are needed at some point during the day.
Banks often know that these funds are not required – at least for a big part of the day. But current financial systems do not enable banks to lend the funds to other banks who might benefit from them – even if just for a few hours, because those systems are designed to settle transfers in days rather than on an intra-day basis.
Enter Finteum, which has developed the world’s leading intraday liquidity management system. Founders Brian Nolan and Zbi Czapran combine rare insights into banking liquidity management and how to build robust blockchain transactions. Already working with many of the world’s leading banks, Finteum is poised to transform how banking liquidity management is done.
- Finteum can save each bank in excess of $10m annually.
Superseed Support and Contribution
- Supported the development of the commercial strategy
- Made introductions to global tier 1 banks