Product Overview
Get the full measure of Virtual Accounts with three powerful offerings
VIRTUAL CASH MANAGEMENT
- Context aware mechanism to enable swift reconciliation and instant DSO updates
- Segregation based on corporate’s hierarchies (subsidiaries, departments, etc.)
- Collections 'On-Behalf-Of' segregated entities. Extended capabilities to enhance real-time reconciliation of pending receivables
- Payments 'On-Behalf-Of' segregated entities, while validating transaction limits
LIQUIDITY MANAGEMENT
- Alternatives for traditional sweeps through self-concentrating Virtual Account structures
- In-house banking capabilities including interest management for corporate treasury functions like intercompany lending / borrowing and managing limits, across divisions, subsidiaries, lines of business, etc.
CLIENT MONEY MANAGEMENT
- Segregation of funds that a corporate receives from, or on behalf of, a client or related stakeholders
- Typical examples include escrow accounts, trust accounts, investment omnibus, etc.
- Increased focus on regulatory and compliance aspects
AVAILABLE ON CLOUD AS SaaS
Harness the flexibility, power and security of Intellect’s global partnership with Microsoft Azure and AWS
Microservices Architecture
Loosely coupled, self
contained services
API First
Build internal eco
systems with Open APIs
100% Cloud Native
Flexibility to deploy on
any public cloud platforms
Pluggable Backends
Enrich and integrate any backend or application gracefully with pluggable integrations
Security
With layers of security, ready
for private or public cloud deployments
No Vendor Lock-in
Usage of open source components based on CNCF (Cloud Native Computing Foundation)
Product Highlights
Self-service Virtual Accounts with no bank dependency, for made-to-measure flexibility and control
Unlimited Account Hierarchy
Mirror complex corporate hierarchies in account structures with full owner information.
Contextual VA/VIBAN
Use Virtual Accounts as a surrogate of bank account or map it to a context or virtual IBA.
POBO, COBO, LOBO
Perform full payments, collections and liquidity operations with the bank’s existing processors. Enable Payment/Collection On-Behalf-Of factories.
In-House Banking
Enable customer to run an in-house bank with independent management of inter-company funding management.
Multi Currency Virtual Accounts
Create innovative solutions with super-efficient, multi-currency Virtual Accounts.
Self-Service Where And When-It Matters
Empower the customer to manage hierarchy, accounts and interest on their own. No need to wait for the bank to open, transact, manage and close accounts.
Product Features
Banks benefit from increased revenue, retention and satisfaction Whilst adhering to the regulations and reducing cost and risk.
Virtual Accounts are creating a paradigm shift in the way banks assess and implement their revenue streams, while at the same time addressing their key objectives with respect to operational cost and risk management.
Clients benefit from better cash visibility
Giving significant improvements in operations and risk management
Corporate treasurers desire increased control over their financials, and to align it with their internal structures. As organizations grow through organic and inorganic growth with complex hierarchies, their aspirations for “In-House Banking” nirvana is getting realised due to Virtual Accounts.
Our Prestigious Clients
We value our clients and are committed to provide innovative solutions for all their needs
Success Stories
What our customers say.
Sumit Aggarwal,
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.
José Luis Calderón,
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.
Jeff Siekman,
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.
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