Digital Transaction Banking
Turn transaction banking on its head with a comprehensive, integrated digital platform.
Digital Transaction Banking (DTB) is an integrated platform that prepares transaction banks to provide for every client and every sector’s needs, with a configurable and an intelligent platform that encompasses every aspect of transaction banking, covering the working capital cycle from accounts services to payments to liquidity management to collections & receivables to virtual accounts to trade finance to supply chain finance. All in one place, from the same integrated solution.
With DTB, transaction banks can successfully optimise capital, maximise ROA and fee income, improve product cross-sell & distribution channel effectiveness, support SME franchise and growth sectors (through working capital provisioning and advisory services) and ensure full regulatory compliance for the large to very large corporates and MNCs.
To wit, banks ask for an end-to-end digital transformation. DTB is, was and will always be, the right answer.
We value our clients and are committed to provide innovative solutions for all their needs
A complete, front-to-back platform.
Omnichannel – Interact with – and come to love –
your any-time any-device with the true onmichannel capability.
Analytics & Persona Based Dashboards for instant visibility of your business in real-time.
Onboarding & Deep Grain Entitlements – Real-time customer & supplier onboarding down to a matter of
Secure Access – Use the latest biometrics, two factor authentication (2FA), and more, compliant with EBA
guidelines and other industry standards.
Balance and Information Reporting – Enhance business decision and increase visibility of funds across multiple accounts.
Account Aggregation – View same day or prior day balances across accounts types, geographies
Multi-Bank Accounts – Consolidate your view and download account statements across bank accounts.
Payment Origination – Initiate payments such
as salaries, pensions and standing orders. Receive payments through any channel, from any customer at any time.
Multiple Types Payment – High value, mass payments, UAEFTS, QATCH, SARIE, SEPA,
SWIFT FIN and MX ISO, Fedwire, CHAPS, CHIPS and Target 2.
Managed File Transfer – Bi-directional data transmission (Host-to-Host) with corporate ERP using file translation.
End-to-End Payment Processing – Drive higher STP by setting up workflows adapting to payment processes.
Cross-border Payments – Centralize cross-border end-to-end payment processing.
Physical Sweeps – Algorithmic liquidity at the heart
of corporate cash flow.
Interest Enhancement – Protect revenue enhance income from fees.
Automated Investment – Optimize liquidity automate investments.
Inter-company Loans – 3 pillars for corporate treasurers- consolidate, optimise and maximise.
Notional Pooling – Optimize liquidity reduce interest burden.
Collections & Receivables
Cash and Cheque collections – Paper based direct debits.
Direct Debit and Mandate Management – Process electronic collections.
Virtual Accounts – Optimize collection process and track receivables.
Save time and money by improving invoice management.
From PO creation to collections to invoice reconciliation.
Static and Dynamic Accounts – Customer & add-on virtual accounts. Support for static & dynamic virtual accounts.
Dynamic Virtual Account Validation – Custom & remote validation. Validation via LOV, look-up data
Range check, Pattern check, Workflows based on validations.
Collections on behalf of group company, hierarchy, division, counter party Statement & balance enquiry for virtual accounts linked to hierarchy.
Inter company cash transfers based on balance availability Real time sweeps from bottom to top virtual account Interest and funds sharing from top to bottom virtual accounts.
Letter of Credit – Offer end-to-end processing of all letters of credit to your customer and boost their international dealings and mitigate risk.
Guarantee – Assurance to counter-parties with a wide range of guarantees and facilitate business continuity to importers in case of delayed documents.
Collection – Offer end-to-end management of documents and payments under collections to your customers.
Bills – Secure cross-border trade with effective management of discrepancies and processing of payments under LC’s.
Trade Loans – Fund trade transactions with flexible and short-term borrowing facility.
Reimbursements – Effective handling of payment
claims under LC.
Supply Chain Finance
Buyer Centric Financing – Improve working capital and provide on-time payments to counterparties by offering credit on buyer’s term.
Supplier Centric Financing – Raise finance on the basis of the supplier-centric receivables relating to one or several buyers and reduce procurement and receivables management costs.
Invoice Factoring – Boost your cash flow with invoice factoring and support end-to-end collections.
E-invoicing – Fully integrated supplier portal for better process efficiency and reduce operational cost.
Dynamic Discounting – Accelerate payments and provide more flexibility with dynamic discounting to choose how and when to pay suppliers.
Risk Mitigation – Single-stop solution for syndication participation and credit insurance.
SME Collect – Shorten receivables cycle by collection of payments through a range of SME specific collection solutions.
SME Insta Banking – Enable SMEs with on-the-go mobility providing quick one-touch payments, instant loans, one-click portfolio view on mobile devices & tablets.
SME Salary & Payroll – Schedule & process salaries globally and seamlessly cater to the needs of different departments.
SME Portfolio – 360-degree view into real-time
balances of the SME business accounts, deposits, loans, cards and working capital status.
Digital SME Onboarding – Self onboarding tool facilitates onboarding through the bank portal without the need to visit the branch for registration.
Digital SME Lending – Transparent lending for SMEs with quicker verification of loan eligibility, instant processing of loan request (zero collateral process) and loan document central.
Driving customer value & market leadership.
What our customers say.
EVP and Group Head, Transaction Banking Services, Emirates NBD
iGTB’s in-depth domain knowledge and expertise made it our partner of choice to create a best-in-class digital Transaction Banking platform. Clients are at the centre of our digital transformation journey and this platform will enable our clients to seamlessly manage all aspects of working capital management with enhanced visibility and data analytics.
Head of Global Transaction Banking, Santander
Digital transformation of our payments services by iGTB will boost operational efficiency and scalability, giving a solid foundation for sustainable business growth, improving our Global Cash Management solution and we’re confident our clients will love the consistency, efficiency, flexibility and the speed of our new system.
Senior Vice President and Director of Payment Products, Fifth Third Bank
We believe this collaboration with iGTB on digital projects will help us deepen our relationship with existing customers and acquire new ones.