THANK YOU FOR SUBSCRIBING
The Quintessential Technology Source for Corporate Financial Professionals
CFO Tech Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CFO Tech Outlook
Hayley Thomas, Founder; Jason Garcia, CEOTraditional banks typically offer checking accounts, which allow free use of funds but do not earn interest, and savings accounts, which earn interest but restrict fund usage. Similarly, investment products offer returns but often limit liquidity and access. Addressing these limitations, Holdings Financial Technologies enables businesses to access and use their funds on the same day, like a checking account, but with the yield of a savings product, eliminating the need for separate checking and savings accounts.
Security is a crucial feature, but so is the yield. Unlike typical financial institutions that keep the yield for themselves, Holdings Financial Technologies passes this yield onto its customers. “We choose to share this yield, ensuring you benefit from your funds,” says Hayley Thomas, Founder of Holdings Financial Technologies.
Its secure platform allows businesses to earn a yield on funds not actively used in day-to-day operations while ensuring high liquidity. “Holdings Financial Technologies is a financial technology company, not a bank. As a fintech company, we provide innovative solutions designed to simplify and optimize business finances,” states Jason Garcia, CEO of Holdings Financial Technologies.
Through its partnership with Evolve Bank & Trust, Holdings Financial Technologies enhances fund security beyond the standard $250,000 FDIC insurance, extending it to $5 million.
The reporting process is an essential aspect of managing business finances. Many banking and finance platforms rely on comma-separated values (CSVs) and spreadsheets, requiring customers to reconcile and input data into their accounting system manually. Holdings Financial Technologies has developed accounting integrations automatically posting transactions to customers’ accounting platforms. This simplifies money management and streamlines the reporting process, reducing the time spent on manual reports.
Holdings Financial Technologies’ collaboration with numerous nonprofit organizations exemplifies the company’s commitment to ensuring customer cash accessibility and capitalizing on emerging opportunities. These organizations are inherently cash-conscious and must maximize their resources to advance their causes. The firm helps such firms grow their funds without any limitations or penalties on how they use them.
Holdings Financial Technologies is a financial technology company, not a bank. As a FinTech company, we provide innovative solutions designed to simplify and optimize business finances
Financial products often restrict fund usage to earn a yield. However, the firm’s account allows customers to use their funds just like a regular checking account, combining security, yield, and flexibility in one account. Holdings Financial Technologies primarily caters to small to mid-size businesses, particularly those on the smaller end. The company further offers a secure alternative to traditional banking for managing finances, with a platform that includes robust controls to manage who has access to the funds, how money is moved, and who can request money movements, enhancing overall security.
Dedicated to providing innovative software that simplifies and democratizes financial services, Holdings Financial Technologies empowers businesses to thrive. With its wealth of experience, the company understands the intricacies of the financial landscape and develops software solutions that cater to unique customer needs.
| Share this Article: Tweet |
Company
Holdings Financial Technologies
Management
Hayley Thomas, Founder; Jason Garcia, CEO
Description
Holdings is a financial technology company, not a bank. The banking services provided by Evolve Bank & Trust, Member FDIC.
