Case Study: a Jersey-based holding company achieves fast, secure shareholder payments with Shieldpay

Jersey-based Holding Company streamlines 330 shareholder payments in 30 seconds with Shieldpay

A jersey-based holding company, along with its legal firm, faced the significant challenge of making mass payments to 330 shareholders as part of a major M&A deal. The task of verifying and collecting KYC and bank details for this high volume of payees was time-consuming and introduced considerable risk. They partnered with Shieldpay to streamline this process and reduce the burden on their fee earners.

Shieldpay implemented its automated verification and disbursement service. This solution provided a streamlined, digital journey for payees, allowing them to complete verification in around 30 seconds. The result was a substantial time saving for the firm in collecting and verifying details, a significant reduction in regulatory and security risks, and a very positive experience for the end client who received their funds efficiently.

Jersey-based Holding Company (majority Shareholder Deal)