Escrow &
Client Money Management
Help your customers manage segregation of monies held on behalf their clients, distinct from their own funds, for many different needs involving trust/escrow accounts.

Contextualized to each client money/escrow use case
- Define and manage industry-aligned client money use cases, for example, property management, rentals, litigation, public / government services, personal services, etc.
- Set additional hierarchical levels and configure fields as appropriate for each use case
- Provide clients with an unique experience that is differentiated based on the escrow use case that they access, as opposed to a generic sub-account structure

Out of the box regulatory compliance
- Tax handling, monitoring and renewal for W8 and W9’s
- Handling for 1099 / 1042-S reporting
- KYC, OFAC, sanctions and other screening data requirements met
- Federal withholding tax handing
- Reg. D
- Escheatment handling
- State regulatory support
- FDIC compliance
- Archival and purging policy handling

Empower clients with self-service
- Open, edit, close escrow/trust accounts
- Control escrow/trust entities ( rental properties, lawsuits, etc.) without depending on the bank
- Transact, manage and view details on:
- Deposits to escrow/trust accounts
- Release / refund of funds from escrow/trust account
- Segregate reporting of escrow/trust funds independent from regular funds /own money
- Set rules for transaction workflows
- Customise hierarchical views for different use cases
- Manage account statements

Extensive functional capabilities
- Manage escrow/trust account transactions – deposits and release / refunds
- Record and manage disputes
- Manage interest on escrow/trust accounts including accruals, back-value adjustments
- Handle post processing on interest such as admin fee, interest sharing, withholding taxes
- Automate reconciliations with manual exception handling where required
- Generate comprehensive reports
- Extract data for accounts and transactions
- Online audit history of all activities, additions, modifications and transaction life cycles