By producing its first eBAM message, The Weiland Financial Groupâs bank account management solution, BAWeb, has taken a big step forward in making eBAM a reality. The XML message created by the system, which was an electronic request to open a new bank account, could have been transmitted by a corporate treasurer to his or her bank over the any number of secure networks, including the SWIFT network.
While a number of banks have committed to the standard, banks are not widely accepting standardized eBAM messages at this time. With its announcement today, Weiland Financial hopes to change this.
âMuch like the BSB and the 822 before it, we are looking to lead adoption of this revolutionary new standard,â said Steve Weiland, Chairman of The Weiland Financial Group, Inc. âThe banking and corporate worlds embraced the potential of eBAM from the start, but ultimately, its widespread acceptance depends upon real-world solutions putting potential into practice. By offering an eBAM ready solution, The Weiland Financial Group is doing just that, We are confident that BAWeb with eBAM will speed adoption of this exciting new standard and help banks and corporations realize eBAMâs many benefits sooner rather than later.â