Cashwerkz chief executive John Nantes said AMAL Trustees Fund clients will benefit from a greater choice of cash and term deposit investments available to them through the platform.

“Cashwerkz is pleased to welcome AMAL trustees to our platform. This demonstrates the market’s growing appreciation for our deep understanding of trustees’ needs and the benefits that our digital technologies and innovations deliver,” said Mr Nant.

AMAL Trustees director Philip Joseph said the Cashwerkz platform gave the group online access to market-competitive term deposit rates from 49 banks in one place, rather than having to refer to individual bank rates.

"It also enables our clients to more effectively manage their money on behalf of their fund and removes the risks associated with a manual process," he said.

"We are always looking for opportunities to improve the service we offer to customers. Thanks to Cashwerkz, we can now place funds for clients much more efficiently and simplify the administration of their fund.”