Digital Account Lifecycle Management with group-wide transparency and a central KYC repository
The MultiCash electronic bank account management (eBAM) package uses the latest international standards for automating the end-to-end business processes between corporates and banks. Once successfully implemented, this solution will reduce or even eliminate many time-consuming administrative tasks for your treasury. Functionality covers the entire account life cycle from account opening to account closure, ensuring that all necessary KYC checks can be integrated, too.
The solution for managing your accounts completely electronically
The modularity of the solution allows it to be implemented step by step and gradually extended from a compliance-oriented, documentary bank account management (BAM) to a process-oriented, completely automated solution. This approach means that even small and medium-sized corporates will benefit from implementing the application.
To request, change and delete accounts and powers of attorney, standard formats are used. For connecting to the banks, a number of file transfer-based channels are possible. Examples include SWIFT, EBICS, Host-2-Host and Omikron’s MCFT (MultiCash File Transfer). Alongside this, bank-proprietary API interfaces are possible, as are traditional channels such as e-mail and postal service.