iGTB launches Virtual Account Management 2022 as SaaS offering

Tuesday 25 January 2022 10:49 CET | News

Transaction banking specialist from Intellect Design Arena Limited, Intellect Global Transaction Banking (iGTB), has announced its fully cloud-native Virtual Accounts platform, available as a SaaS offering. 


iGTB’s Virtual Accounts Management 2022 reportedly goes beyond the traditional use of virtual accounts for reconciliation. The solution now allows a bank to offer 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 working capital for corporates. This is offered via 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 quick time-to-market and reduction in the overall TCO.

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Keywords: product launch, SaaS, reconciliation
Categories: Fraud & Financial Crime
Countries: World
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Fraud & Financial Crime

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