Dear Banks: Get to eBAM by being Agile
An open letter to New Product Development leaders at banks about Electronic Bank Account Management (eBAM).
Today, Flux released an open letter to New Product Development leaders at banks. Discussing the subject of eBAM (Electronic Bank Account Management), the letter delves into how bank leaders can develop new and valued offerings for their corporate customers without getting bogged down by internal resistance by their bank.
eBAM is supported by major players like JPMorgan Chase, Bank of America, and SWIFT. It's been through its pilots. But it’s still early in its adoption.
eBAM can be a key component in a bank's strategy to highlight critical differentiators when trying to expand and retain a bank's wholesale banking market presence. However, New Product Development leaders at banks need a way to move forward.
"This open letter shows banks a way forward to offer eBAM in an agile manner. It's not necessary to do a full-blown, cross-organization system integration effort. You can start small, take lightweight steps forward, and prove the real world benefits of offering eBAM to your corporate customers," stated Dave Sims, CEO of Flux, an eBAM solution provider to banks.
The open letter also provides guidance when choosing an eBAM solution provider. Key insights show some of the key questions banks should ask when investigating the capabilities of different eBAM solutions.
Download the open letter Dear Banks: Get to eBAM by being Agile at:
Built on the 13 year foundation provided by the Flux software platform, Flux provides Electronic Bank Account Management (eBAM) solutions for banks and corporates. Electronic bank account management replaces slow paper-based processes with electronic efficiencies, reducing human errors and providing greater transparency into bank and corporate operations.
The Flux software platform orchestrates file transfers and batch processing workflows for banking and finance. First released in 2000, Flux has grown into a financial platform that the largest US, UK, and Canadian banks and financial services organizations rely on daily for their mission critical financial systems.
Privately held, Flux's US offices are located in Nevada, Colorado, Tennessee, Montana, and Hawaii. Buenos Aires, Argentina completes the locations with all offices providing effective engineering, development, professional services, and technical support to Flux’s global customer base.
To Learn More About Flux
Visit the Flux website at flux.ly