Virtual accounts: powering successful integrated treasury strategies
The latest Aite Group report examines the surge of interest in virtual account management due to open banking and real-time payments in recent years.
electronic Bank Account Management
Background
Most medium to large companies use an average of six cash management banks, within this average about 30% use 6 or fewer, 40% use 7-20, and 30% use 21 or more. The number of bank accounts managed…
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