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Digital journeysFebruary 6

Virtual accounts mature with ‘game changing’ features

BNY Mellon is the latest to expand its virtual account offerings to treasurers
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Virtual accounts mature with ‘game changing’ features

High interest rates, cost pressures and increasing difficulty in securing liquidity are putting strain on global treasurers. 

In the recent CGI Transaction Banking Survey, nearly three-quarters of all treasurers said they were looking to review cash management services, making cash management, alongside payments, the top product area under consideration. Foreign exchange and liquidity solutions are close behind.

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