Enabling banks to deliver a real-time liquidity overview to corporate customers, with associated benefits of accelerated settlement and immediate availability of funds.
Become the bank of choice for corporate clients, by offering market-leading virtual account management across key market segments. Our solution offers a simple way to self-service virtual accounts, with the benefit of being able to add multiple cases on a single platform.
An intuitive interface offers a unique user experience, and new services can be launched easily without the need to change your legacy systems. Tieto Virtual Accounts solution increases customer retention and offers new business opportunities.
Head of Global Sales, Payment Solutions
Multiple cases can be created within a single platform, offering greater agility. Solution provides opportunities for value-added services and increased revenue streams, with a reduced time-to-market.
Enhanced operational efficiency and an exceptional customer experience is delivered through a functional and flexible user interface, increasing customer satisfaction and decreasing attrition rates.
The pressure of meeting changing regulatory requirements is reduced, through the nature of the solution.
VCM improves liquidity management and enables corporations to lower liquidity risk and reduce costs. VCM improves cash visibility and reconciliation, and rationalises the number of physical accounts. Improved efficiencies are gained through factory models and the allocation of virtual accounts.
Sophisticated and centralised in-house banking, with cash management and treasury services that enhance working capital management, improve visibility and mitigate risk. IHB increases efficiency and control while reducing costs, with currency and cash positions viewed in real time.
Asset managers, fund providers, lawyers and estate agents can manage cash on their clients' behalf through one real account. The number of real accounts is reduced, instead allocating multiple virtual accounts to reflect the business operation, reducing administration costs.
Large global banking networks can be accessed through Virtual Accounts solution, for payments and receivables, to avoid large capital costs and increase automation and efficiency. Pricing models are based on high transaction, volumes and FX sharing models. Risk exposure can be reduced through bank-based features.
Virtual accounts are a set of off-balance transaction accounts linked to a physical bank account, used for cash liquidity management.Watch now
Micaela Vernmark, Head of Solution Consulting, tells how the youngest generations play a role in the transformation of banking.Watch now
How virtual accounts address the needs of corporate businesses? Learn in the interview by Finextra at EBAday 2019.Watch now
Under the new system, customers will be able to digitally self-serve all aspects of their clients’ account management activity.Read more