Implementing a virtual accounts capability brings its own challenges. Providing virtual accounts with even basic capabilities requires careful integration with some of the bank’s core systems and infrastructure. Add in capabilities, such as payments initiation or receipt and the challenge increases.
Virtual accounts enable business to control money the way they want, say iGTB’s CMO, Phil Cantor and VAM product specialist Ashok Vedartham, in this article published in the Fintech Power 50 magazine.
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