Virtual Accounts Management. ACCOUNTS. MADE TO MEASURE.
The world's most advanced sub-accounting system
VIRTUAL ACCOUNTS ARE REAL
Self-service Virtual Accounts with no bank dependency, for made-to-measure flexibility and control
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
-
MANAGING LIQUIDITY
- 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.
-
MANAGING CLIENT MONEY
- 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
Banks benefit from increased revenue, retention and satisfaction
Whilst adhering to 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.
- Increase market share in cash management services
- Help corporate clients with an alternative for in-house banking
- Increase client retention, to become the Primary Banker
- Create new non-traditional paradigms for fee income
- Reduce operational expenses, while enabling clients for self-serviced account management
- Provide a better view to credit visibility and viability of their customers
- Help address implications arising due to Basel III requirements for liquidity coverage and capital adequacy
- Reduce KYC dependencies and related risk
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.
- Comprehensive and segregated view of cash position aligned by business units - geo, subsidiaries, etc
- Natural aggregation of funds
- Leverage real-time payments for better and faster cash visibility
- Track inter-company positions and interest settlement
- Optimize number of accounts to be maintained, significantly reducing costs
- Reduce dependency on the bank for account management
- Straight through reconciliation to free-up working capital
- Support centralized treasury management and in-house banking
- Efficiently manage counterparty positions and exposure
- Manage intercompany exposures
- Support payments decisioning with cross-hierarchy limits
AVAILABLE ON CLOUD AS SaaS
Harness the flexibility, power and security of Intellect’s global partnership with Microsoft Azure and AWS
Microservices Architecture
Loosely coupled, self
contained services
API First
Build internal eco
systems with Open APIs
100% Cloud Native
Flexibility to deploy on
any public cloud platforms
Pluggable Backends
Enrich and integrate any backend or application gracefully with pluggable integrations
Security
With layers of security, ready
for private or public cloud deployments
No Vendor Lock-in
Usage of open source components based on
CNCF (Cloud Native
Computing Foundation)
OVER 15 YEARS OF EXPERTISE
Serving many banks, across 18 countries
Bringing innovation to the forefront of cash management
PERSPECTIVES
ABOUT iGTB
iGTB's Contextual Banking Experience Platform (CBX) is a white label digital banking platform and product processors to manage corporate’s cash, liquidity and trade leveraging Machine Learning and predictive analytics, delivered through APIs and an omnichannel User Experience.
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© Intellect Design Arena Ltd, 2022
