iGTB launches cloud-native Virtual Accounts Management 2022

26 Jan 2022 , 01:32 AM

Intellect Global Transaction Banking iGTB the transaction banking specialist from Intellect Design Arena ranked 1 in the world for Transaction Banking by IBS Intelligence two years in a row today announced its fully cloud-native Virtual Accounts platform available as a SaaS offering iGTBs 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