Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena, has launched cloud-native, contextual Virtual Account Management 2022 as SaaS offering. iGTB’s Virtual Accounts Management 2022 goes well beyond the traditional use of virtual accounts for reconciliation.
The solution now means a bank can offer sophisticated POBO and COBO services and manage inter-company positions, thereby allowing its corporate clients to create and operate fully-fledged in-house banks. Combined with immediate payments, reconciliation can be real time and straight-through, freeing up significant working capital for corporates. This is offered via very powerful self-service and API-based integration with corporate ERPs. The offering is available as SaaS in partnership with AWS and Azure, with ready cartridges for integration with a variety of core-banking systems implying very quick time-to-market and significant reduction in the overall TCO.
Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.
