Global Transaction Banking - Virtual Account Management
Modernizing Treasury Operations with Centralized Cash Control
Improve cash management, reconciliation, and screening
Simplify liquidity management and fund movement tracking
Reduce reliance on multiple physical accounts
Module Overview
A Sophisticated Alternative to Traditional Bank Accounts
Mindgate’s VTransact DigiTB equips banks and corporates with a dedicated transaction banking module for managing Virtual Accounts across diverse banking partners, geographies, and currencies.
KEY FEATURES
For Multi Country, Multi-Currency,
Multi Hierarchy VAM
Multi-hierarchy setup mapping virtual entities and child entities across granular VA and child VA layers.
IBAN/Non IBAN based virtual account handling
Dynamic deal-based account creation for direct invoice presentment
APIs to enable account creation from corporate customer portals
Ringfence cash for specific entities Virtual Accounts
Real time insights and monitoring for corporate cash flows and balance
Centralized platform for automatic concentration of funds from various accounts
Virtual account structures supporting in-house banking models including COBO (Collection on Behalf of), POBO (Payment on Behalf of), ROBO (Receipt on Behalf of) and LOBO (Liquidity/Lending on Behalf of)
Explore Other Vtransact DigiTB Modules
KNOWLEDGE HUB
Insights & Stories
Global Payments, Reimagined How Multi-Level Virtual Accounts (VA) Powered a Real-Time Digital Ecosystem
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