CTC Guide to EBAM
Bank account management has not changed in decades. It almost always requires a wet signature, reams of paperwork and a tedious manual process that involves multiple communications between banks and corporate clients. eBAM, or electronic bank account management, promises to change all that. It will enable treasury to send electronic messages to their bank partners, to open, close, manage signatories and get account information without manual intervention, along the way dramatically reducing error, shrinking response time and increasing the level of control and regulatory compliance.