We posted a piece on Clifton, briefly discussing what we were building at Sandbox. This article will dive deeper into our core offering and how we help individuals and families seamlessly manage cash and liquidity in the broader context of their balance sheets and cash flow.
What doesn't Sandbox do?
Importantly, we aren't a bank. We don't hold deposits or process payments, and we aren't a lender, which has certain advantages for our partners and clients. Similar to how many investment platforms source third-party managers to invest your capital, we've built our platform to source the best lenders and banking partners to deliver liquidity solutions to our clients.
In other words, we allow our partners to focus on manufacturing while we (mostly) handle sales and servicing.
What does Sandbox do?
Due Diligence
We've interviewed several banking partners and scanned dozens of balance sheets to determine the best fit for our clients.
Our mix of qualitative and quantitative metrics focuses on the following:
Longevity: How long has the firm been in business? Do they have deep relationships with their clients? How have they managed through challenging macroeconomic environments? Do they have the proper control infrastructure in place?
Innovation: Is this a good partner for a fintech? Are they willing to evaluate new business models that serve next-generation clients? Can they offer enhanced FDIC insurance through a sweep network? Will they permit multi-currency deposits and international wires?
Diversification: How diverse is their client base? Do they source clients from different geographies and industries? What is their mix across wholesale and consumer banking activities?
Capital: Can this partner support substantial client relationships? What is their legal lending limit? How have they managed their assets across investments and loans?
Growth: Can this sponsor support a fast-growing partner? Do they want to?
Product Development
Our team has extensive experience across finance, design, and development, building solutions that have attracted billions of dollars of assets to major institutions. Still, incumbent firms lack many tools to improve the client and employee experience. These institutions primarily rely on armies of bankers to deliver bespoke solutions fueled by analysts and spreadsheets. This may work, but it is inefficient and causes processes that should take mere moments to go on for weeks.
Our platform combines the strength of every financial institution you already partner with and adds new features in open banking that allow you to aggregate all of your banking activities under one roof. You instantly own all your information and can transact knowing that real-time data is fed into your Sandbox portal.
This new paradigm allows our analytics platform, for instance, to aggregate data across banks and brokers in addition to assets like art collections and hedge fund investments. Combine this holistic view into balance sheets with artificial intelligence, and we can provide clients with predictive analytics to drive actual savings and growth.
Software Development
We've taken a design-first approach to building our platform across email communications, social media, internal tools, and, most importantly, our client portal. Our primary objective is to provide our clients with as much data as possible in the most straightforward format, with the fewest steps between the beginning and end of any flow.
On the other hand, our infrastructure is built using the most secure, modern tools available, allowing us to develop our analytics engine. Our team includes experts across data science, machine learning, and quantum computing to ensure we build a future-proof solution.
Controls
Lastly, we have built security, compliance, and privacy controls into our foundation. We are currently pursuing SOC 2 certification, partner with regulated banking partners, and have built-in security measures like facial recognition at onboarding and multi-factor authentication to keep your accounts and data safe.
If you have any particular questions about the safety and security of your relationship with Sandbox, feel free to contact us at [email protected].
Contact Us
We're always happy to meet with potential partner firms and clients. If you'd like to learn more about Sandbox or schedule a demo, please don't hesitate to reach out at [email protected].