eBAM is the digitisation of Bank Account Management processes. eBAM includes several use cases: account opening after KYC, signatory and mandate management, account closing, and reporting.
eBAM meets Corporates needs of a higher level of service by improving current processes, with more transparency, better organisation and increased security.
BNP Paribas is fully compliant with the eBAM standards, proposes solutions and supports Corporates in the implementation of their eBAM project.
Digitisation of the exchanges between Corporates and Banks.
Simplification of the Bank Account Management through the harmonisation and a better structuring of bank mandates.
Improvement of security through personal and digital signature.
Better follow-up on the updates.
SWIFT, in close collaboration with Banks, including BNP Paribas, software Vendors and Corporates has designed a list of 15 XML eBAM messages to be used in the SWIFTNet network.
These messages are published at the ISO 20022 level, and they cover the entire process: account opening after KYC, mandate management, account closing, reporting).