The Society for Worldwide Interbank Financial Telecommunications Swift has made another step into the communications ether between banks and corporates with its new electronic bank account management Ebam solution.
Part of Swift's growing set of solutions for corporates, Ebam allows users to manage their bank account opening, closing, maintenance and reporting automatically using ISO International Organisation for Standardisation 20022 compliant message standards processed over the collective's existing platform. In addition, users can attach files with supplementary details to the standardised messages to allow for variations in local banking regulations.
With Ebam we are moving these communications from paper and fax to electronic means, said Carlo Palmers, corporate market solution manager at Swift....
