Cash management software specialist Cashfac Technologies has opened an office in Singapore and named Mike Walsh as managing director, Asia Pacific.
The company said that the growing importance of Asia in the world economy has seen concerted efforts from banks and corporate institutions to step up their cash management and payments infrastructures. This move is, in turn s driving demand for Cashfac’s technology solutions in Asia.
Based in Singapore, Walsh will be responsible for overseeing the company’s sales, business development and customer services strategy in Asia Pacific. He was previously business development manager for South East Asia at Calypso Technology and before that regional director at SmartStream Technologies. He also spent over 20 years at Thomson Reuters in various leadership roles based in London, South Africa and Asia.
“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,” said Alastair McGill, global managing director, Cashfac.
“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.”
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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