This Datos Insights (Aite Group) Vendor Guide ratified iGTB VAM as the leader with the focus on vendor stability, client strength, product features, and client services in the space of virtual account management (VAM) platforms.
A comprehensive, cloud native solution, available on-prem and as a SaaS offering that transforms your transaction banking. business. Intellect’s dominance can be summarized in the vendor’s go-to-market capability, ease of integration, the rich suite of products, the overall value-for-cost, and the specific VAM capabilities encompassing sub-accounting features and extensibility to BaaS.
iGTB's Virtual Accounts solution, powered by an advanced sub-accounting platform, is designed to transform the corporate treasury operations - with enablement of straight through reconciliation, sophisticated payment factory, in-house banking and a robust client money management solution.
The solution's comprehensive self-service capability allows the customer to open/close virtual accounts, transact using these accounts, manage limits and interest on inter-ompany positions and reconciliations thus enabling flexibility and complete control.
Intellect enjoys the leadership position by combining its stability in the market with the strength demonstrated in attending to its clients with superior product performance.
A fully cloud-native solution with the VA platform expanded to address the sub-accounting use cases, including escrow; this also covers regulatory compliance through a bank-user configurable solution and significantly reduces dependency on the vendor to meet local regulatory requirements. Also the product is enabled with BaaS infrastructure
Providing a comprehensive end-to-end solution that encompasses VAs and escrow accounts, with both off-book and on-book functionalities along with configurable regulatory compliance rules, it is observed that competitors in the market are adopting Intellect's positioning as a benchmark to adapt their own proposition and eventually catch up.