Commonwealth Securities Cash Management and Online Trading - Finally together
CommSec’s goal was to become the first Australian online stock broker to provide brokerage, margin lending, and cash management to its retail customers in a single, fully integrated program. To achieve this Commonwealth Securities Ltd. (CommSec) needed a back-end platform that could join new cash and investment accounts to existing trading accounts.
Using Thaler – the flagship multi-channel banking solution from Callataÿ & Wouters – CommSec quickly took its packaged product to market. Less than six months after its launch, CommSec’s integrated cash management solution had helped the firm surpass a significant milestone: $1 billion Australian in cash deposits.