Revolutionizing Wire Transfer Reporting with Lakeside Integration

In the fast-paced world of finance, optimizing processes and ensuring compliance with regulations are crucial. That’s why we’re excited to announce a new feature that will save you time, reputation, and money: wire transfer reporting through our new integration with Lakeside, a banking firm specializing in processing wire transfer transactions. This integration represents a leap forward in optimizing the account funding process for self-clearing brokers and their clients.

Simplifying Wire Transfers

Traditionally, the movement of money in brokerage accounts, especially when involving wire transfers, required manual input and processing—both time-consuming and prone to human error. Recognizing this, we have extended our current functionality by implementing a feature that allows for seamless reporting to Lakeside, significantly simplifying the wire transfer process.

How Does It Work?

The platform reports directly to Lakeside. Since Lakeside doesn’t offer an API for direct integration, this batch file upload capability is a game-changer, automating what was once a manual process. It allows for the quick and efficient processing of wire transfers without the need for PVs’ admins to manually enter instructions.

The Transfer Management widget now includes a new “Export” button and the type of transactions selector, Foreign or Domestic. The reports are generated in .xlsx format, ensuring compatibility and ease of use.

We believe that this integration will significantly benefit our brokers, offering them a streamlined, error-free process for managing wire transfers. It’s a step towards our goal of providing a comprehensive, user-friendly platform that meets the evolving needs of the financial services industry.

Stay tuned for more updates as we continue to evolve our account funding capabilities.