Secure top depositor relationships overnight.
Our first and most popular software solution, Bank Sweep Manager, is trusted by hundreds of banks across the nation to administer and manage their fully compliant, on-balance sheet sweeps in just minutes every day. It is the industry-leading overnight repurchase software and has been successfully passing audits and exams since 1996.
Here’s what sets our sweep solution apart:
- Offers unparalleled protection in excess of FDIC insurance using on-balance sheet overnight repos
- Automatically and securely generates and delivers required daily repurchase agreement confirmations for customers
- Provides your bank with control of interest rates, fees and sweep thresholds that complement your existing deposit solutions
- Simplifies taxes for your top depositors, ensuring only one 1099 tax form per account
- Automatically creates FDIC-required confirmations, annual disclosures and other notices, and archives them
Bank Sweep Manager serves: Banks