Finacle Virtual Accounts Management is designed to digitally transform cash management services of corporate banks worldwide. The solution with its broad range of account virtualization capabilities and a digital self-serve model, enable banks empower their business customers manage their global, multi-bank cash and liquidity positions with enhanced levels of visibility and controls.
Finacle Virtual Accounts Management provides banks with robust capabilities to create and offer state-of-the-art virtual account products, empowering them to revolutionize their cash management processes, attract new clients, and sustain their competitive edge in the dynamic banking sector.
Product set up
Real-time transaction posting
Finacle Virtual Accounts Management Solution is built on an advanced architecture and enables banks to transform cash management business with agility and flexibility.
Data and insights-enabled:
Declarative and RESTful APIs:
Scalability, performance and resilience:
Enterprise class capabilities:
Built on real-time foundations:
Technology platform choice:
“EdgeVerve (Finacle) brings APIs, integration, and application ecosystems to corporate banking. The strategy is strong on future plans for enhancing existing cloud-based offerings. The DBPP has differentiating business banking features such as preintegration of small business solutions for accounting and analytics via upSWOT. The DBPP offers strong integration capabilities including event streaming and has integrated with multiple third-party digital front-end solutions in the 12 months prior to this evaluation. Reference customers report a high degree of satisfaction with the vendor’s delivery and support, available APIs, out-of-the-box security functions, and willingness to deliver in DevOps environments. EdgeVerve (Finacle) is a good shortlist candidate for banks that look for a well-designed modern architecture and that want to collaborate with a vendor using agile approaches.”
– Forrester Wave™: Digital Banking Processing Platforms for Corporate Banking, Q3 2022
Whether it is a big bang switchover, progressive deployment, or complete overhaul, Finacle helps your bank transform at its own pace by simplifying transformation and minimizing risks.
Global best practices + innovations + localized solution
Extensibility with parameterization for segment-specific innovations
Interface adapters for payments systems, third party agencies
A phase-wise approach
Business priority mapping and value realization
SAFe Agile Practice
CI-CD, end to end release automation
With this solution, you can effortlessly establish and operate virtual accounts, enhancing the agility of your cash management operations.
Account hierarchy setup
Additionally, you can enhance cash management services for digitally empowered corporate and SME clients, fostering flexibility to fuel innovation and expansion.
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