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Meanings and definitions for EBAM
What does EBAM stand for? What does EBAM mean?
- Electronic Bank Account Management (abbreviated as eBAM) represents the automation, through software, of the following activities between banks and their corporate customers:
Opening bank accounts
Maintaining bank accounts such as changing account signatories or spending limits
Closing bank accounts
Generating reports as required by law or regulationThe technology that is commonly used to implement eBAM automation is defined by SWIFT and the ISO 20022 Standard for Financial Services Messaging.
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