eBAM

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Electronic Bank Account Management (abbreviated as eBAM) represents the automation, through software, of the following activities between banks and their corporate customers:[1]

  • Opening bank accounts
  • Maintaining bank accounts such as changing account signatories or spending limits
  • Closing bank accounts
  • Generating reports as required by law or regulation

The technology that is commonly used to implement eBAM automation is defined by SWIFT and the ISO 20022 Standard for Financial Services Messaging.[2]

eBAM software for banks[edit]

Software vendors that offer eBAM software to banks that need to offer eBAM services to their corporate customers

Product (alphabetical) Vendor
DiamondAM DiamondAM
Pega On-Boarding for Commercial Banking Pegasystems
Trust Prime IdenTrust

eBAM software for corporations[edit]

Software vendors that offer eBAM software to corporations that need to communicate with their banks.

Product (alphabetical) Vendor
TRAX or QUANTUM[3] FIS Global
CashSolutions eBAM DataLog Finance
DiamondAM DiamondAM
FS2 eBAM Hanse Orga
MultiCash EBAM Omikron
Treasurytree TMS Axletree Solutions
Trust Prime IdenTrust
Visual Sign Equity
Weiland BAweb Fiserv

Banks that offer eBAM services[edit]

Banks that offer eBAM services to their corporate customers.

Bank (alphabetical) Country
Bank of America Merrill Lynch[4] USA
Citibank USA
JPMorgan Chase USA
Deutsche Bank Germany
BNP Paribas[permanent dead link] France

References[edit]

  1. ^ "On the Fast Track to eBAM". Bank Systems & Technology. 20 September 2011.
  2. ^ "Swift EBAM standard goes live". Finextra. 21 April 2010.
  3. ^ "TRAX or QUANTUM". Archived from the original on 2017-09-03. Retrieved 2020-03-02.
  4. ^ "Bank of America Merrill Lynch Expands CashPro Connect(TM) eBAM Offering". Bank of America Merrill Lynch. 19 September 2011. Archived from the original on 16 October 2013. CS1 maint: discouraged parameter (link)