IHB and DBL: Better pricing, service, close to zero bank fees and flexibility through aggregation of spend/funds (higher return on investment on pooled cash and credit balances and/or better use of internal balances) into a centralised treasury function has been in operation in certain jurisdictions with similar/same regulatory framework as that of the UK, a vital pillar of a prospective DBL. This specialised unit within The DCANS Group (TDG) offers to our anchor clients (internal customers) all what a typical commercial bank offers, including without limitation:
• Payment processing (domestic and international disbursements via cheque, ACH or wire transfer, digital payments),
• Intra-company/group payments, multi-lateral nettings, cross-border transactions,
• Liquidity management,
• Investment services (cash flow surplus scenarios including allocation of interest income generated),
• Information reporting services (cash flow forecasting, current account balances and exception reporting),
• Short term lending (cash flow deficit scenarios including chargeback of interest expenses incurred),
• Collections functions (domestic and international receivables via card, cheque, ACH or wire transfer) to various subsidiaries within the group, over bespoke technoloy.
Our strategy is different. Technology is supposed to enable intermediaries provide world-class services cheaply and at a fraction of the time. Part of this unit would be replicated as the DCANS Bank, a deliberately lean, nimble, agile, alert and well-capitalised world-class operation with a niche approach, to start taking outside deposits and offer other banking services to the general public post-regulatory approval processes.
Brick-and-mortar & Digital
Round the clock banking
State-of-the-art IT systems