Flux eBAM for Banks
- Executive Summary
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Electronic Bank Account Management (eBAM)
Flux has announced Flux eBAM for Banks. This new solution allows banks to provide their corporate customers automated and standards-compliant services to electronically manage:
- Opening and closing bank accounts
- Adding and removing account signatories
- Obtaining account information without manual intervention
Electronic bank account management replaces tiresome, lengthy, and slow paper-based processes with electronic efficiencies, reducing human errors, speeding up response times, and providing greater transparency into bank and corporate operations.
Flux eBAM for Banks delivers banks a strategic advantage in competing for the business of corporate customers, who demand ever increasing efficiencies and speeds from their banking partners. Banks can also open new revenue streams by offering Flux eBAM capabilities as new services to corporates.
Since 2000, Flux's file orchestration technology has been underpinning service offerings at the largest banks and financial institutions. Flux's long track record of reliability in the most demanding financial environments forms the foundation of Flux eBAM for Banks.
To learn more about Flux eBAM for Banks, contact your Flux Relationship Manager or reach out to us.
- Competitive Advantages for Banks
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Competitive Advantages for Banks
Large institutions such as JPMC and Bank of America already are moving to simplify and facilitate corporate banking with them by providing electronic bank account management (eBAM).
Corporate treasurers increasingly seek electronic control of their banking relationships. Their selection of banking partners will be increasingly driven by the tools and access their banking partners provide them.
To learn more about Flux eBAM for Banks, contact your Flux Relationship Manager or reach out to us.