Flux – File Orchestration Platform
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Click below to learn more about Flux eBAM for Banks

Flux eBAM for Banks

Executive Summary

Electronic Bank Account Management (eBAM)

Flux eBAM for Banks 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.

eBAM Timeline

Flux presents the eBAM timeline — eBAM: An Historical Perspective

Flux eBAM White Papers

For further eBAM research, download a Flux eBAM white paper below. Reading time is only 3 minutes.

→ Now is the Time for Banks to Move On eBAM

→ Agile eBAM for Banks: Zero Implementation

→ Dear Banks: Get to eBAM by being Agile

→ Corporates Go Wanting for eBAM from their Banks

→ Flux eBAM for Banks

Competitive Advantages for Banks

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.

eBAM Timeline

Flux presents the eBAM timeline — eBAM: An Historical Perspective

Flux eBAM White Papers

For further eBAM research, download a Flux eBAM white paper below. Reading time is only 3 minutes.

→ Now is the Time for Banks to Move On eBAM

→ Agile eBAM for Banks: Zero Implementation

→ Dear Banks: Get to eBAM by being Agile

→ Corporates Go Wanting for eBAM from their Banks

→ Flux eBAM for Banks

eBAM Timeline

eBAM Timeline

Ramp up your understanding of eBAM quickly. Review the eBAM timeline — eBAM: An Historical Perspective.

Flux has developed an eBAM TimeLine to assist bank and corporate treasury product managers in gaining a perspective as to the history and key events of eBAM throughout its history. This eBAM timeline provide a means to rapidly ramp up expertise and understanding for those interested in the eBAM landscape.

The eBAM timeline categorizes documents and events into three rows:

  • ISO20022 | SWIFT contains presentations and papers presented by SWIFT or related specifically to the ISO20022 ACMT (eBAM) standard
  • Research contains independent industry coverage and research articles
  • Bank | Vendor includes bank and vendor announcements and whitepapers

The timeline’s contents serve to illustrate that eBAM has morphed very little from its original concept. The benefit to corporates looking to smoothly and efficiently manage their bank accounts across multiple banks, across countries and continents is still present. eBAM presents a cost and time saving play, as well as serving as a facilitator and assist to corporate governance and risk management activities.

But eBAM’s adoption is still lagging behind its perceived value. Banks as an industry have been slow to adopt eBAM. Bank focus over the past few years has been on resolving the issues associated with the global financial crisis — and their IT focus has been on compliance and regulatory initiatives. For corporates, many of their ERP and treasury management solutions are not eBAM-enabled. Working around this often requires costly upgrades, or the expense and implementation efforts of migrating to solutions with eBAM capabilities.

So while the timeline’s contents illustrates that eBAM has morphed very little from its original concept, eBAM implementations have been developed to support a myriad of target markets and deployment models. There are now bank and corporate specific solutions, on-premise solutions, cloud solutions, a pilot of an eBAM Central Utility, zero-implementations, and a variety of other models. And the eBAM standards and processes continue to be refined with the availability of eBAM Version 2 in May of 2013.

Review the eBAM timeline — eBAM: An Historical Perspective.

In the Cloud: Flux eBAM

Flux eBAM for Banks in the Cloud

Flux has deployed Flux eBAM for Banks in the cloud at ebam.flux.ly.

Flux's eBAM cloud deployment serves as:

  • A testbed for interoperability testing with corporate eBAM solutions.
  • A demonstration of exactly what a bank experiences when running Flux eBAM for Banks on-premise.
  • A basis for an eBAM cloud service for banks.

Check out eBAM in the cloud at ebam.flux.ly.

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