Bankable’s Virtual Ledger Manager makes Global Finance Magazine’s ‘The Innovators 2016’ list for Transaction Services
New York/London – Bankable’s Virtual Ledger Manager solution has been recognised by Global Finance in their 2016 list of ‘The Innovators’ in Transaction Services.
Bankable shares this honour alongside established financial institutions. Amongst the 24 companies selected worldwide are 20 transaction banks and 4 technology enablers – including 3 in Europe (B2 Group, Basware and Bankable) and 1 in the United States (Ripple).
Such recognition facilitates in communicating our vision of continuously innovating our flexible propriety platform to provide innovative payment solutions, along with maintaining world-class technological standards for all our clients.
Bankable’s Virtual Ledger Manager (VLM) is an innovative virtual account solution enabling enhanced treasury management reconciliation for global corporates, insurers and financial institutions. The solution automates the reconciliation of inbound and outbound payments via virtual accounts – each identified by a unique virtual IBAN or reference number. VLM provides centralised access to corporate funds, allowing a company to mirror its internal organisational structure while controlling and streamlining its information and payment flows.
“Much is being gained in speed and efficiency, but applications that improve information flows, thus enabling smarter decision-making, will ultimately deliver the greatest value,” commented Joseph D. Giarraputo, publisher and editorial director of Global Finance.
Bankable’s Virtual Ledger Manager is such a solution – delivering efficient, cost-effective and robust payment solutions.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
The full list of The Innovators 2016 –
Bankable is a global architect of innovative payment solutions providing “Banking as a Service”. Our core virtual account management platform is available in white-label or via APIs enabling anyone to deploy payment solutions – including virtual account services, e-ledgers, virtual & plastic card programmes, and e-wallet & light banking solutions.
Our key competitive advantage lies in our technology, where our virtual account management platform is core to the broader payment services that we enable. We provide a full turnkey solution depending on your business needs, via a single multi-channel platform. We are connected globally to multiple sponsor banks, processors, card manufacturers and other suppliers in the payments ecosystem, and also provide programme management services – enabling us to deliver an end-to-end solution for corporate and consumer payment programmes.