Electronic Bank Account Management (eBAM)

Deliver fast, reliable, transparent account management and reduce support costs through standards-based eBAM

Opening and managing corporate bank accounts has traditionally been a manual, paper intensive and slow process. Conventional practices have proven to be error-prone and present challenges to reporting, compliance and the electronic movement of data. In today’s business environment this can be a major hurdle for cash management departments, especially those with global treasury operations.

Wipro’s Electronic Bank Account Management (eBAM) solutions help banks fulfill corporate bank account management with fully automated end-to-end processing, leveraging SWIFT standards built on best of breed technology like EMC xCP, EMC Captiva for workflow and document management and RSA’s digital signature verification products. The eBAM solutions help our customers provide reliable, transparent and fast account management, reducing support costs for opening, maintaining, modifying and closing accounts.

Our banking partners have gained three major advantages using Wipro’s advanced eBAM solutions:

• The solutions do away with manual intervention, improving straight through processing and reduce fulfillment time from 7 days to 1 day
• The solutions help build previously inaccessible revenue from fee-based services such as reporting and advanced analytics
• The solutions are component based and fully configurable – allowing banks to stay abreast of changing standards and making them future proof