Intellect iGTB has made its well-established global integrated cash and trade solution, Digital Transaction Banking (DTB), available as software as a service (SaaS). The DTB solution covers account services, reporting, collections and receivables (including EIPP), liquidity, trade finance, supply chain finance and treasury products – all integrated seamlessly together. The launch follows increasing demand from banks who want a software deployment model that gives an even faster and simpler way to access these services. This is based on the “model bank” concept which features pre-configured elements and a comprehensive set of tried-and-tested customer journeys.
The solution has over 70 installations in small, regional and global banks and is used by their business customers of all sizes. But the new availability on the cloud will be of value in particular to local and domestic banks, as it allows them to bypass costly and long-term investment and implementation procedures by eliminating the need to physically integrate the technology solution into their existing systems. Instead, they can access the software as a service and seamlessly use it for onboarding any of their customers. This new form of accessing such a solution means that banks can exploit the opportunities presented by the $12 trillion held in corporate cash.
iGTB CEO Manish Maakan commented: “Banks need, and are rightly demanding, the ability to offer new and enhanced services in a simpler manner. By accessing our proven existing solution via the cloud, any banks – particularly those whose concerns are more locally focused – can gain benefits that deliver significant value, all in a remarkably short space of time.”
To read the full press release on igtb.com, please go here.