Three Sub-Accounting Strategies Banks Are Adopting
Sub-Accounting is not exactly a new concept for North American banks, who on many occasions have built and deployed tactical solutions (like virtual accounts, escrow sub-accounts, etc.) when treasury clients came up with varying asks to segregate bank accounts to meet their specific needs.
iGTB, with guest speakers from Fifth Third Bankand Synovus, hosted the webinar on Sub-Accounting strategies for banks, to leap ahead of their competition.
Banks are now realizing that solving a specific sub-accounting need for a specific client is tactical at best, cannot be replicated or reused for the most part, and typically leads them down the high-overhead path of hand-crafted solutions that are not scalable
