Cascade Cash Management Ltd (Cascade) has been shortlisted for a national innovation award at the London Institute of Banking & Finance's annual Financial Innovation ceremony.
Cascade is an independent and transparent service created to generate enhanced cash returns and increased protection on deposits through professional cash management. The service has been shortlisted alongside just four other competitors in the group of Best Customer-Facing Solution within the Best Technology Initiative category.
The shortlisting has been achieved after Cascade launched its online cash portal, the only one of its kind in the UK operating whole of market allowing independent and unbiased cash solutions meaning that clients don’t have to choose only one bank. With the online portal and Cascade’s dedicated client support team, all banks are accessed quickly and easily, on a daily basis.
The awards, being held on Thursday 6 December at Hilton London Bankside, recognise some of the most innovative companies in the banking and finance sector. This year’s awards have 17 categories covering: products & services; marketing & customer experience; finance in the communities; technology; and the best financial start-ups. Managing director of Cascade, Dr Emma Black, said: “Cascade is honoured and delighted to be shortlisted at such prestigious awards. Cascade is unique within the market and having now administered over £650 million of deposits, we are thrilled to have been recognized at the Financial Innovation Awards. Our category has stiff competition, but we are hopeful we will bring the title back to the whole team!”
The Cascade team of eleven administer cash savings on behalf of clients and depositors can also use the portal to administer their own savings. Partners including IFA’s, solicitors, attorneys, accountants and many more can also self-brand the product for presentation to their own clients.
Alex Fraser, Chief Executive at The London Institute of Banking & Finance, said: “Congratulations to all those organisations shortlisted for this year’s Financial Innovation Awards. These finalists are being recognised for their development of innovative products and projects that empower consumers, communities and businesses around the world. We are looking forward to celebrating with them on the night.”