Virtual Account Management

Get the full measure of Virtual Accounts with three powerful offerings

VIRTUAL CASH MANAGEMENT

Context aware mechanism to enable swift reconciliation and instant DSO updates
Segregation based on corporate’s hierarchies (subsidiaries, departments, etc.)
Collections ‘On-Behalf-Of’ segregated entities. Extended capabilities to enhance real-time reconciliation of pending receivables
Payments ‘On-Behalf-Of’ segregated entities, while validating transaction limits

LIQUIDITY MANAGEMENT

Alternatives for traditional sweeps through self-concentrating Virtual Account structures
In-house banking capabilities including interest management for corporate treasury functions like intercompany lending / borrowing and managing limits, across divisions, subsidiaries, lines of business, etc.

CLIENT MONEY MANAGEMENT

Segregation of funds that a corporate receives from, or on behalf of, a client or related stakeholders
Typical examples include escrow accounts, trust accounts, investment omnibus, etc.
Increased focus on regulatory and compliance aspects

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Clientele

Highlights

Product Highlights

Self-service Virtual Accounts with no bank dependency, for made-to-measure flexibility and control

Unlimited Account Hierarchy

Mirror complex corporate hierarchies in account structures with full owner information.

Contextual VA/VIBAN

Use Virtual Accounts as a surrogate of bank account or map it to a context or virtual IBA.

POBO, COBO, LOBO

Perform full payments, collections and liquidity operations with the bank’s existing processors. Enable Payment/Collection On-Behalf-Of factories.

In-House Banking

Enable customers to run an in-house bank with independent management of inter-company funding management.

Multi Currency Virtual Accounts

Create innovative solutions with super-efficient, multi-currency Virtual Accounts.

Self-Service Where And When It Matters

Empower the customer to manage hierarchy, accounts and interests on their own. No need to wait for the bank to open, transact, manage and close accounts.