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Virtual Account Management

The world’s most advanced sub-accounting system

 

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

Microservices Architecture

Loosely coupled, self
contained services

API First

API First

Build internal eco
systems with Open APIs

100% Cloud Native

100% Cloud Native

Flexibility to deploy on
any public cloud platforms

Pluggable Backends

Pluggable Backends

Enrich and integrate any backend or application gracefully with pluggable integrations

Security

Security

With layers of security, ready
for private or public cloud deployments

No Vendor Lock-in

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

Treasury

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.

Asset-Liability-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

Accolades

Driving customer value & market leadership.

CELENT

Emirates NBD recognised for implementing End-to-End Digital Transformation of Transaction Banking Business to complement regional expansion

Global Finance Award 2020

iGTB powered First Abu Dhabi Bank Wins Global Finance Award 2020 for ‘Best Liquidity Management Bank in the Middle East’

IBS-Intelligence

Intellect Ranked #3 in Global Digital Banking & Channels

FinTech Finance Gold

Gold Class Awards for Digital Transaction Banking

CELENT

Persona-based UI - Top Trends in Corporate Banking 2019-2020

Forrester

Strong performer at The Forrester Wave 2018: Digital banking engagement platforms

CELENT

Diversified Tech Vendor offering Persona-based UI AI enabled solutions for Data Insights and Advice

CELENT

Digital Transformation Leader Award at IDFC

Aite Group 2019

iGTB-powered Abu Dhabi Islamic Bank Wins Aite Group’s 2019 Cash Management and Payments Innovation Award for Customer Experience

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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