Case Study: bkassets.com achieves $18M distribution success with Stretto deposit management services

bkassets.com - Customer Case Study

The customer, bkassets.com (an internet-auction company managed by David Birdsell), faced a challenge with the complex financial distributions from a lengthy, multi-million dollar receivership case. After a 15-year legal process, they needed a robust banking solution to manage deposits and disburse an $18 million recovery to the appropriate beneficiaries. They engaged vendor Stretto for deposit management services.

Stretto provided the solution by identifying a suitable banking partner and efficiently navigating KYC requirements to open multiple accounts. Their team managed hundreds of wire and fund transfers to allocate the $18 million swiftly and properly. Throughout the COVID-19 pandemic, Stretto ensured there was no disruption to the distribution process, allowing the customer to focus on other areas of their practice.

bkassets.com

David Birdsell

bkassets.com