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Saturday, December 30, 2017

efesto | EBAM
src: www.efesto.us

Electronic Bank Account Management (abbreviated as eBAM) represents the automation, through software, of the following activities between banks and their corporate customers:

  • Opening bank accounts
  • Maintaining bank accounts such as changing account signatories or spending limits
  • Closing bank accounts
  • Generating reports as required by law or regulation

The technology that is commonly used to implement eBAM automation is defined by SWIFT and the ISO 20022 Standard for Financial Services Messaging.


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eBAM software for banks

Software vendors that offer eBAM software to banks that need to offer eBAM services to their corporate customers


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eBAM software for corporations

Software vendors that offer eBAM software to corporations that need to communicate with their banks.


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Banks that offer eBAM services

Banks that offer eBAM services to their corporate customers.


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References

Source of article : Wikipedia