Solutions
- Cyber Risk
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  Manage cyber risk throughout your ecosystem with advanced attack surface management, security ratings and third party risk management solutions for businesses of all sizes.
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  Manage cyber risk throughout your ecosystem with advanced attack surface management, security ratings and third party risk management solutions for businesses of all sizes.
- Third Party Risk
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  Automate, accelerate and centralise third party risk management across your critical service providers and other relationships with our market-leading solution.
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  Automate, accelerate and centralise third party risk management across your critical service providers and other relationships with our market-leading solution.
- Bank Network Management
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  The only comprehensive solution for Bank Network Management, supporting most of the world’s largest banks manage their complex global networks, local market exposures and compliance requirements.
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  The only comprehensive solution for Bank Network Management, supporting most of the world’s largest banks manage their complex global networks, local market exposures and compliance requirements.
- Capital Markets
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  The world’s leading global advisory practice for financial market infrastructures since 1994, supporting FMIs to manage risk, regulation and market transformation.
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  The world’s leading global advisory practice for financial market infrastructures since 1994, supporting FMIs to manage risk, regulation and market transformation.
- Fund Services
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  We provide expert advisory services for custody, investment operations and strategy, as well as a powerful solution for Operational Due Diligence (ODD), third party risk and compliance.
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  We provide expert advisory services for custody, investment operations and strategy, as well as a powerful solution for Operational Due Diligence (ODD), third party risk and compliance.
Platform
- Orbit Risk
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    Orbit Intelligence captures your risk landscape, pulling together insights from across the platform. It centralises risk analysis, data, and news on your portfolio of monitored organisations.
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    Orbit Intelligence captures your risk landscape, pulling together insights from across the platform. It centralises risk analysis, data, and news on your portfolio of monitored organisations.
  - Orbit Diligence
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    Orbit Diligence automates your DDQ and RFI processes for a wide range of use cases, accessing a library of off-the-shelf questionnaires and risk frameworks, freeing up valuable resources.
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    Orbit Diligence automates your DDQ and RFI processes for a wide range of use cases, accessing a library of off-the-shelf questionnaires and risk frameworks, freeing up valuable resources.
  - Orbit Security
    Enterprise Cyber Risk
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    Enhance your cyber risk management by gaining complete visibility over your attack surface. Orbit Security monitors for breaches and vulnerabilities that could be exploited by threat actors, so you can prioritise remediation.
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    Enhance your cyber risk management by gaining complete visibility over your attack surface. Orbit Security monitors for breaches and vulnerabilities that could be exploited by threat actors, so you can prioritise remediation.
    Third Party Cyber Risk
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    Manage your exposure to critical third parties with continuous, data-driven monitoring. Analyse any entity’s security posture with Orbit Security Ratings and digitised IT Security questionnaires.
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    Manage your exposure to critical third parties with continuous, data-driven monitoring. Analyse any entity’s security posture with Orbit Security Ratings and digitised IT Security questionnaires.
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    Orbit Security Ratings are an automated, powerful way to continuously monitor the cyber security posture of your organisation and the third parties it relies on, with data-driven analytics so you can enhance the security of your ecosystem.
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    Orbit Security Ratings are an automated, powerful way to continuously monitor the cyber security posture of your organisation and the third parties it relies on, with data-driven analytics so you can enhance the security of your ecosystem.
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  Achieve trust, transparency and security with a single platform. A leading solution for companies looking to digitise and automate their risk management, leveraging Intelligence, Diligence and Security.
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  Achieve trust, transparency and security with a single platform. A leading solution for companies looking to digitise and automate their risk management, leveraging Intelligence, Diligence and Security.
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The Risks and Opportunities of Funds Clearance

16 June 2023
Thomas Murray

In 2021, 8% of cash correspondent banks told Thomas Murray that they only commit to clearing funds within eight hours or on the next business day after receipt of the funds. The findings revealed that the speed at which client cash is posted to accounts after clearance differs by country/region, and is significantly slower in the Asian and African markets.

Why should organisations be concerned about whether funds have cleared?

Firstly, your account may be in a cash deficit position. This could cost your organisation if you do not have an agreed overdraft limit in place and the overdraft costs can be substantial. Secondly, your account may be in a cash surplus position. If this is the case, then there may be large sums of money sitting in your accounts that could be invested, thereby earning interest. If you leave funds in your account for even a few days, a significant amount of potential interest could be lost.

The solution

Thomas Murray's Cash Corresponding Monitoring tool helps organisations to understand how quickly funds are cleared on accounts per country and region. By understanding how quickly funds are cleared onto your accounts, Treasury departments can accurately optimise and reduce costs.