Cashfac Technologies, a provider of cash management solutions, has opened a new office in Singapore.
Additionally, Cashfac has also hired Mike Walsh as new managing director for Asia Pacific.
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Based in Singapore, Walsh will be responsible for managing the company’s sales, business development and customer services strategy in Asia Pacific.
Walsh joined Cashfac from Calypso Technology, where he worked as business development manager for South East Asia
Prior to this, he served as regional director at SmartStream Technologies and also spent over 20 years at Thomson Reuters, in a number of leadership roles based in London, South Africa and Asia.
The new hire as well as the Singapore office will allow Cashfac to support a growing and diversified customer base in the region.
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By GlobalDataThe Singapore office has been established to assist the company’s launch of a new suite of Cloud based applications and managed service operations.
Alastair McGill, global managing director at Cashfac, said: "The regional markets across Asia Pacific represent a fantastic opportunity for Cashfac – as APAC domestic firms respond to regulation and continue to expand their operations the efficient management of cash is a priority. In addition to the local market pull we’re supporting our existing clients from Europe and Australia as they expand operations across the Asia Pacific region.
Walsh said: "We’re engaging with Banks across the region who are seeking to place our technology at the heart of their Corporate Cash Management Services as well as working with leading corporates across multiple industry verticals."
