Companies now actually carry out almost all digitisable business processes electronically. It is only in the payment processes that there are often problems, because many financial institutions still perform a whole series of process steps in account management manually. This does not have to be the case: PPI offers a simple, reliable and quickly implementable solution for electronic bank account management (eBAM).
Manual, slow and paper-based processes are an anachronism completely out of date. And yet such outdated procedures still prevent smooth electronic payments at many banks – much to the annoyance of corporate customers. As a rule, their financial processes are completely digital, with only the interaction with the financial institution proving to be a bottleneck. Not surprisingly, many companies are demanding electronic bank account management (eBAM) from their financial service providers.
eBAM is therefore a must for all financial institutions that want to strengthen customer loyalty through innovative functions and at the same time benefit from digitalisation. However, an in-house implementation of such a tool is relatively costly and complex for the financial institutions, not least because of the new ISO 20022 message formats and processes. PPI AG enables financial institutions to benefit easily and quickly from the advantages of electronic account management.
PPI's eBAM Engine bundles all the necessary functionalities in a turnkey tool that is easy to integrate. Incoming eBAM messages are checked for authenticity and correctness and then processed automatically, in each case coordinated with the adjacent systems. The same applies to the generation of return messages and information for provision to customers.
The experienced specialists at PPI AG know the challenges of eBAM and can therefore optimally support institutions during the introduction. PPI's own product solution also offers an eBAM standard implementation – this eliminates the need for costly adaptations to existing systems. Financial institutions that want to strengthen their customer loyalty and sustainably reduce processing efforts should talk to PPI's experts about an optimal eBAM implementation.
Dr. Thomas Stuht
Product Manager
+49 151 12585237
Thomas.Stuht(at)ppi.de
Dr. Mario Reichel
Lead Payment Industry Representative
+49 151 1400 9351
mario.reichel(at)ppi.de
