Wealth and Asset Management

Enabling Real-Time Capital Movement for Wealth and Asset Management Platforms

The Challenge for Wealth and Asset Management Platforms

BECS was built for a different era. Your clients are operating in this one.

Wealth and asset management platforms still relying on BECS Direct Entry face T+2 settlement delays that leave client funds in transit when investment opportunities demand immediate deployment, overnight batch cycles that tie up operations staff in low-value processing, and dishonoured payments that cost the platform in fees, delays, and client trust. In a market where investors expect real-time digital experiences, the infrastructure underneath is no longer fit for purpose.

The Flash Payments Solution

Flash Payments replaces batch dependency with a real-time payment infrastructure layer delivered through a single white-label GraphQL API. Inbound client contributions are confirmed via NPP in under 60 seconds around the clock, with PayTo mandate-based collections replacing BECS Direct Debit and validating account availability at the point of mandate creation. Each client account is assigned a unique VAN for automated reconciliation, and outbound distributions reach Australian and international beneficiaries the same day through Flash's FX liquidity engine across 50+ global destinations.

Capabilities Delivered

• PayTo Mandate-Based Collections: PayTo replaces BECS Direct Debit with a digitally authorised real-time pull payment rail that validates the client's bank account at mandate creation, confirms funds availability before each debit, and settles instantly via NPP, eliminating the dishonour cycle and the operational cost it carries
• 24/7 NPP Real-Time Inbound Collections: Client contributions are confirmed and available in under 60 seconds at any time of day, removing the overnight batch window and enabling immediate deployment of client capital into investment positions
• Client-Level Virtual Accounts with Straight-Through Reconciliation: Each client account is assigned a unique VAN under Flash's BSB range, enabling inbound payments to be automatically matched and reconciled in real time, eliminating manual payment matching entirely
• Real-Time Outbound Distributions and FX Transfers: Redemption proceeds, income distributions, and international transfers are disbursed via NPP for domestic payouts and Flash's FX liquidity engine for cross-border payments, covering 50+ destinations with same-day or instant delivery

Business Impact

Wealth and asset management platforms partnering with Flash have eliminated dishonoured payment costs through PayTo's pre-validated mandate model, compressed capital deployment from 48 hours to under 60 seconds, and removed manual reconciliation entirely through client-level VANs. Redemption proceeds reach clients the same day. Across contribution, investment, and redemption flows, the platform operates at the speed of modern capital markets, not the constraints of a batch era the industry has already moved past.