Virtual Accounts in transaction banking
This whitepaper, brought to you in co-operation with Capgemini, 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 VAM framework is indispensable.
This paper covers:
- How banks can meet the growing corporate demand for real-time liquidity
- What are the major benefits of «next generation» virtual account management (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 of corporate cash management services
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