Middle East’s Second-Largest Financial Institution chooses iGTB’s integrated Liquidity Management Solution to power digital transformation

By : |March 20, 2020 0

iGTB announced that Middle East’s second-largest bank has expanded its relationship with iGTB to enhance the bank’s liquidity management capabilities.

The Liquidity Management Solution from iGTB empowers corporate treasurers with pooling, sweeping, intercompany loans and virtual accounts, as well as policy-driven automated investment sweeps, cash flow forecasting and real-time funds checking.

The system delivers sophisticated automation and comprehensive analysis for more informed decision within corporate treasury departments. iGTB is the market leader in corporate liquidity management and partners banks worldwide. Its applications for transaction banking sport a world-class comprehensive digital, self-service, front-end that delivers a faster, simpler and seamless experience to help banks gain and retain corporate clients.

“We are delighted to extend our partnership with second-largest bank in the Middle East, and this significant expansion in liquidity management capabilities underlines our market leadership in the Middle East, with iGTB being the preferred go-to partner for transaction banks. The deal win reinforce show much the world’s best corporate banks, bank on iGTB,” said Manish Maakan, CEO, iGTB. He further added, “The implementation of the latest enhancements to the bank’s liquidity management capabilities will boost the bank’s product innovation and allow for operational excellence, enabling it to prepare for future growth and expansion.”

iGTB’s proven Liquidity Management Solution is already used by several other UAE banks, which are also users of iGTB’s Digital Transaction Banking suite, illustrating the attraction of consolidating IT estates and the strength of iGTB in the Middle-East. More than 30 other global banking groups are benefitting from this world-leading solution which handles 23% of the world’s cross-border MNC sweeping structure flows and is present in more than 70 countries with regulatory and regional tax compliance options to ensure a smooth operation and strong corporate governance.

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