iGTB's Corporate Treasury eXchange Platform Successfully Deployed by a leading European Bank in France

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Ltd, announces that its cutting-edge Corporate Treasury eXchange (CTX) platform powered by eMACH.ai architecture, has been successfully implemented in France by Société Générale, one of the leading European financial services groups.

CTX provides a comprehensive suite of tools for corporate treasurers to automate real-time liquidity management across multiple accounts, in multiple currencies, held at multiple banks in multiple geographies. The platform fully automates the movement of cash balances to provide corporate clients with the optimal cash pooling experience; from visibility and forecasting to automated sweeping and investments.

This successful deployment strengthens iGTB's position as the leading provider of Liquidity Management and Cash Pooling, and Transaction Banking solutions globally.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Société Générale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions.

According to Nicolas Cailly, Head of Payments and Cash Management at Societe Generale, "Société Générale is proud to offer iGTB's CTX platform in France, a best-in-class cloud-native cash pooling and real-time liquidity management solution for large corporates. With liquidity management being an increasing area of focus, Société Générale offers ever more complete and innovative services, and brings further value to its clients."

According to iGTB CEO, Manish Maakan, "I take immense pride in our successful partnership with Société Générale in the French market, and I am excited to expand our relationship further. The positive feedback and trust we have received from Société Générale and the wider banking community speak volumes about our shared commitment to technological advancement, navigation of complex digital transformations and ensuring customer satisfaction & client confidence."

"Today, more than 60% of the world's top transaction banks #withwithiGTB. This unparalleled achievement reinforces our position as the industry leader in transaction banking as we continue to deliver dividends for our client portfolios across APAC, the Middle East, Europe, and the Americas. At iGTB, our transaction banking software empowers corporate banks to achieve their business objectives of making, moving, and managing money with remarkable efficiency. With a comprehensive range of functionalities including Corporate DDA services, liquidity management, virtual accounts, BaaS, deposit management, cash forecasting, and investments, our CTX solutions prioritise the management of money, empowering banks to deliver superior commercial banking services to consumers."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 983.05 as compared to the previous close of Rs. 953.10. The total number of shares traded during the day was 60398 in over 3190 trades.

The stock hit an intraday high of Rs. 995.60 and intraday low of 951.90. The net turnover during the day was Rs. 59137942.00.

Source : Equity Bulls

Keywords

IntellectDesignArena INE306R01017 iGTB CorporateTreasuryeXchange eMACHai SocieteGenerale