An API (Application Programming Interface) is a set of tools, protocols, and definitions that allows different software applications to communicate with each other. In simple terms, it enables one system to request or send data to another system, creating seamless interactions between different platforms. How Does This Relate to CashWise? In the context of CashWise , APIs allow our platform to integrate with various financial systems, including accounting software like Xero , payment gateways, and banking systems such as Aspire . This integration enables CashWise to automatically pull in transaction data, streamline cash flow management, and execute actions such as transferring funds, without manual intervention. APIs make CashWise more efficient by automating critical tasks, improving accuracy, and ensuring real-time data synchronisation across all your financial systems. This ensures that your business operations run smoothly, saving you time and reducing human errors.

While bank deposits and Fixed Deposits in Singapore are considered safe, no financial product is entirely risk-free. Here’s what you need to consider before making deposits your primary investment vehicle: Low Returns: Fixed deposits often offer lower interest rates compared to other investment options. In times of inflation, the real value of your money can decrease, meaning your purchasing power goes down over time. Liquidity Issues: Fixed deposits lock your funds for a set period. If your business needs quick access to cash, withdrawing early can incur penalties, reducing your earnings. Opportunity Cost: By keeping your funds in low-interest bank and fixed deposit accounts, you’re missing out on opportunities to compound your interest, which could significantly impact your business’s growth. Insolvency Risk: While this is rare in Singapore, banks can fail. The Singapore Deposit Insurance Scheme (SDIC) only insures up to SGD $100,000 per depositor, per bank, leaving any excess

What is OCBC? OCBC (Overseas-Chinese Banking Corporation) is one of Singapore’s largest banks, offering a wide range of financial services including personal and business banking, investment, and wealth management. It is known for its digital innovations and extensive presence across Southeast Asia. What features are supported? OCBC Accounts are implemented as Deposit-Only Accounts in CashWise.  Using the CashWise Assistant will enable CashWise to pull data from your OCBC Account when you are logged into both CashWise and OCBC at the same time.  Data collection only occurs if you approve it during your OCBC session.  It’s recommended that you update your OCBC Account info using the CashWise Assistant at least once a week to ensure we have accurate information to work from. How to Integrate OCBC into CashWise? Before Integrating your OCBC Deposit-Only Account, ensure that the Cashwise Assistant Chrome Extension is downloaded already, if not download it here Linking your OCBC account is

CashWise helps clients keep the majority of their cash in investment accounts. We believe that the structure of investment accounts are a superior alternative to bank deposits for the following reasons: Investment assets are held by a custodian - under 2 layers of financial regulations, one for the investment company and secondly the custodian Assets are bankruptcy remote meaning that they isolated on the balance sheet from the company assets therefore won’t be subject to settlement calculations While the structure of asset holding is very safe, Custodians have significant insurance and professional indemnity to cover potential liabilities in handling of client assets.  Lastly, while all investment accounts require account holders to sign waivers on risk, the risk is primarily dependent on the assets that are invested into.  For the majority of CashWise clients, money markets are the instruments of choice.  These are very safe asset types typically backed by government T-Bills. Re

The CashWise Assistant is a Google Chrome Extension to aid you in certain operations inside of CashWise. You can download it here . There are 2 categories of functions provided by the CashWise Assistant: Syfe Account access - to give you access directly to your Syfe account for verification purposes Deposit-Only (non-API) access - to facilitate data loading into CashWise Syfe Account Access Currently Syfe is a single user account, the CashWise Assistant will help you log into Syfe directly so you can perform the following functions: View balances View transaction histories Download Statements What is NOT SUPPORTED when accessing Syfe Make changes to portfolios Transfer funds out - you can do this within CashWise Change email / password Deposit-Only Bank Accounts The CashWise Assistant will become active once you’ve logged into both CashWise and your supported bank (DBS & OCBC).  It will present a CashWise icon on your banking account page and provide you with details on actions

The CashWise Interest Calculator is a powerful tool designed to show businesses how much interest they may be missing out on. It integrates with Xero to analyse your historical transaction data, identifying idle cash and potential interest that could have been earned using CashWise's automated cash management solutions. The results are visually displayed to provide clear insights into your idle funds and possible returns. Disclosures: Your data is accessed only once for this analysis. Only historical data for your selected period will be analysed. Results are estimates for illustrative purposes. CashWise will not share your data with third parties and will only use it for this analysis. By offering these insights, the CashWise Interest Calculator helps businesses make informed decisions to optimise cash reserves and improve financial performance. An Example Report would look similar to this: Try it out here! Read more: What is CashWise? How to Sign Up For CashWise CashWise Quickst

To Note: Before updating your balance in any “Deposit-Only” Account , ensure that the Cashwise Assistant Chrome Extension is downloaded already, if not download it here Using the CashWise Assistant will enable CashWise to pull data from your DBS, OCBC and UOB Accounts when you are logged into both CashWise and bank accounts at the same time. Data collection only occurs if you approve it during your bank login session. It’s recommended that you update your Bank Account info using the CashWise Assistant at least once a week to ensure we have accurate information to work from. How to Manually Update Balance in CashWise for Deposit-Only Accounts Step 1: Log into Your Bank Account in your Browser Step 2: Click on the CashWise Chrome Extension: Step 3: Press Update Balance an wait (up to 3 minutes): While Updating: Step 4: Check back in CashWise for Updated Graph You are all set! Manual Transactions The CashWise Assistant will show you if you have any manual transactions pending, please

What's a Deposit-Only Account? A Deposit-Only Account is a bank account where funds can be deposited but not withdrawn or transferred by CashWise. These accounts are regular accounts and typically do not have necessary API controls or the API access is cost prohibitive.   You can find more information explaining the movement of money in a Deposit-Only Account against a Fully Automated account n in the Use Case A and Use Case B at the bottom in the FAQ “CashWise Cash Movement Process” Image: CashWise Robo-Treasury Use Case B:  Hybrid Automation AWX/Wise + Syfe + Xero + others How does this relate to Cashwise? Traditional banks, like DBS, OCBC, and UOB, charge high transaction fees for frequent fund transfers, which affect both CashWise and our clients. To avoid these fees, bank accounts can be set up as Deposit-Only Accounts in CashWise. There are two types of Deposit-Only Accounts in CashWise. Deposit-Only Accounts through the use of APIs(Aspire) and Deposit-Only Accounts through

What is Aspire? Aspire is a Singapore-based digital business banking platform that offers financial services like multi-currency accounts, corporate cards, expense management, and credit lines, designed specifically for small and medium-sized enterprises (SMEs). It streamlines business finance operations with easy-to-use tools and API integrations. What features are supported? Aspire accounts are implemented as “Deposit-Only” Accounts in CashWise. CashWise leverages the freely available Aspire API to pull data from your Aspire Account. How to Integrate Aspire into CashWise? Linking your Aspire account is simple! Just follow these steps: Step 1: Log into your Aspire account, go to Settings, and click on Aspire API Key. Step 2: Click Create New API Key. Step 3: Fill in the details as follows: Key Name: CashWise Check the boxes for Read Transactions and Read Accounts. Step 4: Save the API Key and Client ID that are generated. Important: Be sure to copy and save these, as you will not b