Singapore Gulf Bank Introduces Virtual Accounts for Enhanced Cash Management

Singapore Gulf Bank (SGB) has unveiled its new service, SGB Virtual Accounts, designed to provide enterprises with automated collection and cash management solutions. According to NS3.AI, the platform incorporates collect-on-behalf-of (COBO) and pay-on-behalf-of (POBO) functionalities through unique structured account identifiers. This development seeks to enhance the efficiency of financial operations and improve transaction processes for businesses.