Account management support for any type of payment origination account, e.g. retail current accounts and corporate transactional accounts, single-currency or multi-currency accounts, definition of a special purpose of account like giro accounts, savings a’ vista accounts. Auxiliary services / contracts supported include account overdrafts, dynamic overdrafts, “implicit” overdrafts, standing orders, cheques issuance, etc.
Summary
Bank's strategies
Vestigo’s capabilities
Bank's strategies
All key functionalities exposable via APIs enabling easy integration and powerful digital use cases – examples include account opening / amending, executing transactions of any type
Generating customer account statement files – customizable by delivery channel
Native multi currency capability
Notional (cash) pooling across multiple accounts of a corporate entity
Rich fee & interest calculation engine, incl. tax calculation for relevant fees
Integration with general ledger
Highly configurable, automated and sophisticated accounting support taking into account different types of balances, unused overdraft, used overdraft, excess overdraft, composition of overdraft (fees, interest, principal), provisions management, ensuring full compliance with regulatory requirements and business policies
Support for any type of transaction: payments, card transactions, FX transactions, deposits, withdrawals, internal transfers, etc.
Integration with collection & work-out (hard collection) module
Vestigo’s capabilities
VESTIGO CARDS & PAYMENTS: PAYMENTS CONVERGENCE IN ACTION
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