Tag Archives: eBAM

So You’ve Automated — But Do You Have Data Visibility?

The complexity in automated payments processing, electronic bank account management, and reference data management is in the end-to-end integration.  The value of the automation is the enhanced visibility into payment, counterparty, security data.

Your competitive differentiation lies in the level of visibility you provide your customers. (more…)

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Posted in B2B, B2B Data Exchange, Data Transformation, Financial Services | Tagged , , , , , , , , , , | Leave a comment

What Percentage Of Your Transactions Are Processed Straight Through?

The Aite Group recently surveyed senior treasury and receivables management at 80 top US corporations.  About half of the transactions at these firms were processed straight through.  As a result, there remains a lot of opportunity to reduce costs and mitigate risk by increasing straight-through-processing (STP) of transactions.  In addition, banks can help their corporate clients get better information about their payments and posting.  For example, Treasury managers need to know where they can invest excess cash and where their funds are throughout the organizations to borrow internal cash.

At SIBOS 2010 (October 25-29 in Amsterdam), Informatica will discuss how the Informatica SWIFT Integration solution enables your customers to achieve true STP and get better information about their payments. This is especially critical given all the new regulation and industry changes that have been reflected in the latest SWIFT standard.  With Informatica’s 2010 SWIFT certified solution, organizations can: (more…)

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Posted in B2B, B2B Data Exchange | Tagged , , , , , , | 12 Comments

Why Should Banks Develop A Strategy To Automate Bank Account Management Now?

Electronic Bank Account Management (eBAM) is a classic example of a win-win proposition.  As the most manual, paper intensive interaction between corporate and institutional clients and banks today, the account maintenance process is inefficient, error prone and inherently slow.

Banks that invest in eBAM solutions will be able to reduce their operational costs, improve quality and responsiveness and meet an emerging demand from clients for innovative solutions that contribute to their bottom lines while also enhancing control.  eBAM should be considered a fundamental component of an overall strategy to improve the client onboarding process, a response that TowerGroup sees as a critical differentiator going forward for the wholesale banking market.

Banks that take early action to roll out eBAM capabilities will be best positioned to respond to the projected rapid deployment of eBAM solutions on the part of their most valued corporate clients. eBAM is a game changer. Don’t be left out of the game.

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Posted in B2B, Data Integration, Financial Services | Tagged , , , , | 6 Comments