How they describe themselves: We are a group of senior bankers and technology specialists who have come together to disrupt the wholesale deposits market. We are the first global marketplace for wholesale deposits. Our platform connects institutional and corporate depositors with global banks who are looking to raise liabilities and facilitate the transaction in an automated, seamless process. With a click of a few buttons, we allow depositors to place funds from any part of the world to any bank globally. DepositBook is part of Newbridge Fintech, a DIFC, Dubai based Fintech company. We are in the process of taking a FCA authorisation.
How they describe their product/innovation: Our open banking platform revolutionises the wholesale deposits markets and allows depositors to place deposits with any bank through a single central account in a seamless and automated process. We help depositors discover best available rates and help banks to raise funding with new clients at no additional cost of set up and operations. The platform is designed to take away the hassle of multiple client on-boarding and the client is in charge of managing his or her cash through a single access point. Banks can also use the platform to offer the 3rd party saving products to their clients. Depositors can run bespoke reverse query and participate in special pool liability campaigns. We run highest standards of security with no risk on the platform.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed