BBVA launches a virtual IBANs solution to enhance corporate treasury management

BBVA has developed a virtual IBAN solution in Spain, an innovative offering designed to improve corporate treasury management. With this initiative, the bank strengthens its position as a strategic partner for businesses by providing solutions that optimise liquidity, enhance reconciliation, and streamline critical processes.

The solution addresses a key strategic need for companies: to manage their treasury with greater efficiency, transparency and flexibility. Specifically, it allows the assignment of a virtual IBAN to each sub-account, facilitating payment reconciliation, improving collections management, and increasing the traceability of financial flows. This contributes to simplifying operations and reducing the costs associated with maintaining multiple bank accounts.

More efficient, flexible and global treasury management

Virtual IBANs are designed to integrate with companies’ existing processes. They enable the creation, modification and real-time management of structures that include a main account and multiple virtual sub-accounts. The service is available via BBVA’s Pivot Net web platform or can be integrated into clients’ systems through the BBVA Pivot API. Thanks to this solution, finance teams gain a centralised view of their liquidity, a key element for making strategic decisions in dynamic and demanding environments.

In addition, virtual IBANs enhance reconciliation by automating the recording of incoming payments and transactions, significantly reducing operational time and errors, without incurring the costs associated with opening and maintaining multiple traditional accounts. As such, this solution is particularly relevant for sectors with high transaction volumes, where it provides traceability, efficiency and visibility.

With this launch, BBVA takes another step forward in its commitment to offering innovative solutions that transform corporate treasury management. Through its Global Transaction Banking service portfolio, the bank seeks to improve operational efficiency, optimise liquidity and strengthen the security of its clients’ operations. The aim is to support companies not only as a service provider, but as a strategic partner that drives and supports their long-term growth.

Although initially launched in Spain, BBVA plans to extend this solution to other key markets where it operates, including Mexico. In doing so, the bank reinforces its commitment to supporting global clients with advanced digital services and an integrated, efficient and cutting-edge approach to treasury management.