Cascade Cash Management has achieved the accolade of being in the top five in the UK for the Best Technology Award for Customer Facing Solutions at the 2018 UK Financial Innovation Awards.

Cascade competed against steep opposition including Albaraka Turk, Amplify, Banco BPI and Santander, achieving amazing heights for the company to be shortlisted amongst such company.

Presented by The London Institute of Banking and Finance, the glittering awards ceremony was held at the Hilton Bankside in London, celebrating customer excellence in banking and finance.

Cascade is an independent and transparent service created to generate enhanced cash returns and increased protection on deposits through professional cash management.

The company was shortlisted earlier this year following Cascade’s successful launch of its online cash portal, the only one of its kind in the UK. The portal operates 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.

Managing director of Cascade, Dr Emma Black, said:

“Cascade is honoured and delighted to have done so well within such a prestigious award category. Cascade is unique within the market and having now administered over £650 million of deposits, we are thrilled to have been recognised at the UK Financial Innovation Awards. Our category had stiff competition, so we are proud to celebrate the success of reaching the national finals with the whole team!”

The Cascade team of eleven administer cash savings on behalf of clients. 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 that were shortlisted or won 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 enjoyed celebrating such talent with them on the night.”

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