The current economic environment is pushing firms to seek growth and reduce operating costs. Virtual account management platforms automate many manual tasks, improving the efficiency of banking operations. Banks can use them to centralize and standardize their data, reducing the risk of errors and improving data accuracy. Moreover, these platforms offer real-time transaction visibility, detect and prevent fraud, and implement robust security measures.
This report evaluates the overall competitive position of seven virtual account management platform vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Finastra, Infosys Finacle, Intellect Design Arena, Montran, Oracle, SAP Fioneer, and Tietoevry Banking.
Clients of Datos Insights’ Commercial Banking & Payments service can download this report.