The untapped potential of virtual accounts in transaction banking

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Our latest whitepaper in co-operation with TietoEvry, explores how virtual accounts can address challenges faced by banks and significantly improve customer experience and hence the level of satisfaction with cash management services.

For a transaction bank to provide corporate clients with rationalization of accounts, flexibility in operations and high customer satisfaction, a sophisticated virtual account management(VAM) framework is indispensable. But how does VAM address the current market challenges and provide the correct framework for a bank to deliver up to expectations of its corporate customers?

This paper covers:

  • How banks can meet the growing corporate demand for real-time liquidity?
  • What are the major benefits of «next generation» virtual accounts (VAM) for banks and different corporate customer segments?
  • Practical use-cases of VAM, ranging from basic to complex global-scale solutions
  • Next steps for banks to secure competitiveness in the area or corporate cash management services

 

Virtual Acc Management-...

File size: 1.11 MB File type: PDF

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Jeroen Holscher

Expert in Payments