Virtual Accounts

The Montran Virtual Account Management (VAM) platform for Corporate Clients is Bank Agnostic and does not require you to change any existing bank relationships. It offers full Virtual IBAN Management (VIBAN) and Open Banking capability and is Multi-Bank, Multi-Jurisdictional. Available as Software-as-a-Service (SaaS) or on premise.

At A Glance

The Montran VAM platform allows any Bank, Corporate, or NBFI to rapidly deploy a Virtual Account structure to map to their existing bank accounts at any bank(s) globally. This then allows each customer to centralize their cash management function to provide: POBO/COBO services, In-House Bank (IHB), Centralization of Treasury Operations, Liquidity Management, Client Money Segregation, and Escrow Services.

Related Solutions

Solution Highlights

Multi-Bank, Bank Agnostic Virtual Account Platform

The Montran platform will work with your existing Bankers, no need to migrate to a new bank thus avoiding a costly, disruptive and lengthy migration. New banks can also be added at any time.

Multi-Bank and Multi-Currency

Connects to many banks simultaneously, utilizing existing banking infrastructure, including Secure File Transfer, APIs, PSD2 or proprietary links. Montran will maintain this connectivity on your behalf. This removes the initial and ongoing cost of bespoke integration.

Global and regional Centralization

Allows any organization to centralize their payments and collections operations Regionally or Globally. All accounts are now operated and maintained on one system centrally with secure connection to each of your banks.

Bank Account Rationalization

The Montran platform allows you to begin a program of bank account rationalization. This enables you to move towards the fewest number of bank accounts to suit your local and global operations.

Real-Time Reconciliation and Alerting

Real-time reconciliation and automatic funds allocation to the correct divisional, departmental or client account with strict segregation of funds in pooled or omnibus accounts.

Liquidity Management

You cannot manage what you cannot see. Once the VAM platform is deployed, full visibility and control are at your fingertips. Including Cash Concentration, Sweeping, Pooling, Target and Zero balancing as well as detailed forecasting.

FX and Currency Optimization

Global real-time visibility of all FX positions. Currencies pooled for optimization.  

Virtual IBAN Management (VIBAN)

Full VIBAN support including 2-way VIBANS.

Frictionless On-boarding

Bank Account Number Portability. Retain existing Bank Account Numbers when moving to Virtual Accounts.

Debit Card Support

Use debit cards on Virtual Accounts.

Dashboards

Full suite of dashboards are provided and are configured uniquely for each job function.

Benefits

BANK AGNOSTIC, NO NEED TO CHANGE BANKS
FULL VIRTUAL IBAN AND OPEN BANKING CAPABILITY
MULTI-BANK, MULTI-JURISDICTIONAL
AVAILABLE AS SAAS OR ON PREMISE

At A Glance

The Montran VAM platform allows any Bank, Corporate, or NBFI to rapidly deploy a Virtual Account structure to map to their existing bank accounts at any bank(s) globally. This then allows each customer to centralize their cash management function to provide: POBO/COBO services, In-House Bank (IHB), Centralization of Treasury Operations, Liquidity Management, Client Money Segregation, and Escrow Services.

Related Solutions

Learn More About Complementary Services Montran Can Additionally Deliver

Do More with Montran

For any questions regarding our solutions and services, our industry experts are here to help.