Virtual Bank Accounts Are Virtually Inexhaustible
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B2B payment reconciliation fails because the only shared identifier between invoices and bank transfers is a free-text 'Concept' field that humans fill in incorrectly. A better approach is treating bank accounts as intent rather than identity: assign a unique virtual bank account (VBA) to every invoice issued. Since IBANs can theoretically hold around 1 nonillion accounts per country, exhaustion is not a concern. Each VBA becomes the JOIN key linking an invoice to its corresponding transfer, making automated reconciliation trivial. Banks like Increase and Modulr already offer bulk VBA provisioning. The main barrier to widespread adoption is traditional banks' reluctance to embrace this model, not any technical limitation.
