currencies or managing funds for neweconomy platforms like gig workers and service providers .
What do you consider VAM ’ s main value proposition ? Conor Colleary : Banks have started to realise that the traditional VAM techniques of virtual IBANs and reference numbers only address a small portion of corporate challenges relating to receivables management support . The second generation of VAM solutions we are seeing in the market support the deployment of a wide range of banking services that help corporate customers easily access their cash positions and manage working capital at any time .
For instance , today ’ s solutions can address additional business propositions for payables and receivables management , in-house banking , and client money management with self-service capabilities . In addition , corporates are looking to combine traditional liquidity management with virtual accounts . This will allow them to build off physical sweeping ( including relationships across multiple banks ) with realtime cash concentration ( via virtual accounts ) into hybrid physical and virtual structures .
56 April 2021