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