Tagged: virtual accounts

January 30, 2024 @ 12:12 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. This marks another innovative solution designed “to make money work more smoothly for… Read More

October 7, 2019 @ 6:46 am By Omar Faridi  |  

South Korea’s regulators have consistently preferred supporting blockchain-related initiatives over decentralized crypto tokens. Recent events confirm that the nation’s authorities are more inclined to support blockchain technology itself rather than investments in speculative cryptocurrencies.  According to local reports, approximately 97% of local crypto-asset exchanges might… Read More

September 25, 2018 @ 10:28 am By Samantha Hurst  |  

Financial giant Citi (NYSE: C) announced on Tuesday the launch of its new global solution, Citi Virtual Accounts. According to Citi, the new Citi Virtual Accounts allow clients to segregate their balances under a single physical account, providing enhanced visibility, control, and efficiencies through centralized payments, receivables,… Read More