iGTB Intellect

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News Flash

The Evolution of AI in Trade Finance

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iGTB Pulse Newsletter October 2024

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UAE’s National Bank of Fujairah (NBF) partners with Intellect for its eMACH.ai Cloud for Wholesale Banking on Microsoft Azure

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Saudi Trade Finance Summit 2024

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Intellect announces the global launch of eMACH.ai Cloud for Wholesale Banking

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Secure Your Financial Transactions with iGTB's Escrow Solutions

Deposit mobilization efforts channelized via Escrow/Trust agents

Stable source of funding

Low capital requirements as per Basel III norms

Low marketing and distribution costs

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Banks across the Globe are Increasingly Focused on Expanding their Deposit Base

Feature rich risk management solution that handles complex corporate cash management & liquidity structures

Payment Services

Contextualized and Rich Banking Experience

• Fully contextualized banking experience for escrow agent based on industry segment and use case

• Account nomenclature and transaction flows aligned to industry segment & use case

• Statement for combined master account and individual sub-account

Account Service 1

Compose Industry Specific Escrow Products

• Compose products with industry specific nomenclature and workflows

• Layered configuration of product & regulatory rules by jurisdiction & master account

Administration

Transaction Capability

• Transactions supported via directly addressable sub-accounts or via allocation from master account

• Distinct handling of fulfillment and exception flows

Account Service 1

High Degree of Parameterization

• Configure Interest rates at the relationship level or at a more granular level

• Compensate Escrow agent in numerous ways – Compensate independently or based on interest sharing

• Earning and tax reporting by ownership

• Set up jurisdictions and add another layer for configuring regulatory rules

Payment Services

Regulatory Compliance

• Support for KYC checks, withholding tax, dormancy/escheatment etc.

• Jurisdiction for regulations can be configured as per use case at country/state/custom levels

• Out-of-the box configuration for US

Administration

Interest & Earnings

• Ability to administer bank interest on escrow deposits

• Settlement of interest into account or 3rd party

• Admin fee support for Escrow Agent compliant with regulation

What’s in it for...

  • Quickly configure business rules and regulatory (federal/local)
  • Address the needs for different industry-specific escrow use cases
  • Manage whole lifecycle of an escrow account
  • Compose products with fields, labels, and other text customized for different industry segments and use cases. E.g. property management, rentals, litigation, public/government services, personal services, etc
  • Define hierarchical levels that are appropriate for specific use cases (i.e. buildings for property management or case numbers for litigation)
  • Manage escrow/trust accounts and transactions (interest, admin fee, tax handling, disputes)
  • Automate reconciliations with manual exception handling where required
  • Generate comprehensive reports of accounts and transactions
  • Online audit history of all activities, additions, modifications and transaction life cycles
  • Federal and State tax handling
  • Escheatment handling
  • Federal and local regulatory support by state (KYC, Reg D, FDIC, etc.)
  • Document upload and retention capabilities, including archival and purging policy handling
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  • Manage escrow/trust entities (rental properties, lawsuits, etc.) without depending on the bank
  • Open, edit, close escrow/trust accounts
  • Transact, manage and view details (interest, document uploads, payments, etc.) on deposits to escrow/trust accounts and Release/refund of funds from escrow/trust account
  • Customize hierarchical views for different use cases
  • Extract date for accounts and transactions
  • Manage account statements and generate comprehensive reports
  • View enhanced deposit breakdowns for certain use cases (i.e. security and pet deposits for apartments)
  • Toggle between different use cases within the same portal
  • Use one log-in to access all of your Escrow needs
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See how Global Banks #winwithiGTB Trusted by the World’s Best

Client Testimonials

Explore testimonials showcasing how iGTB empowers 60% of the world’s top banks to #winwithiGTB

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A market-leading global transaction banking platform, iGTB provides global coverage for its Virtual Account Management (VAM) solution across five continents and 18 countries. iGTB’s Virtual Account Management offers corporate banking clients a seamless customer journey and user experience across multiple business segments.

Joseph Giarraputo
President & Editorial Director,

A market-leading global transaction banking platform, iGTB provides global coverage for its Virtual Account Management (VAM) solution across five continents and 18 countries. iGTB’s Virtual Account Management offers corporate banking clients a seamless customer journey and user experience across multiple business segments.

Joseph Giarraputo
President & Editorial Director,

Composable, Contextual & Hyperscale Architecture

For High Resilience and Processing Large Volumes in Partnership with Microsoft Azure and AWS

Microservice 1

Microservices Architecture

Loosely coupled, self contained services

API 1 1

API First

Build internal ecosystems with open APIs

Cloud Native 1 1

100 % Cloud Native

Flexibility to deploy on any public cloud platforms

3 1 1
Cloud
2 1 3
Pluggable 1 1

Pluggable Backends

Integrate any backend or application gracefully with pluggable integrations

Security 1

Security

With layers of security, ready for public or private cloud deployment

Lock In 1

No Vendor Lock In

Usage of open source components based on CNCF

Composable, Contextual & Hyperscale Architecture

For High Resilience and Processing Large Volumes in Partnership with Microsoft Azure and AWS

Microservice 1

Microservices Architecture

Loosely coupled, self contained services

API 1 1

API First

Build internal ecosystems with open APIs

Cloud Native 1 1

100 % Cloud Native

Flexibility to deploy on any public cloud platforms

Frame 1000005863
cloud.png
Frame 10000058631
Pluggable 1 1

Pluggable Backends

Integrate any backend or application gracefully with pluggable integrations

Security 1

Security

With layers of security, ready for public or private cloud deployment

Lock In 1

No Vendor Lock In

Usage of open source components based on CNCF

Composable, Contextual & Hyperscale Architecture

For High Resilience and Processing Large Volumes in Partnership with Microsoft Azure and AWS

Arrow 11
Microservice 1

Microservices Architecture

Loosely coupled, self contained services

API 1 1

API First

Build internal ecosystems with open APIs

Cloud Native 1 1

100 % Cloud Native

Flexibility to deploy on any public cloud platforms

Cloud
Pluggable 1 1

Pluggable Backends

Integrate any backend or application gracefully with pluggable integrations

Security 1

Security

With layers of security, ready for public or private cloud deployment

Lock In 1

No Vendor Lock In

Usage of open source components based on CNCF

Arrow 32

Perspectives

iGTB Virtual Accounts Management Rated "Best-in-class" In Datos Insights Vendor Guide
Report

iGTB Virtual Accounts Management Rated "Best-in-class" In Datos Insights Vendor Guide

Perspective Award
News

iGTB named World’s Best Virtual Accounts Solution Provider 2023 by Global Finance

Perspective Whats New
Webinar

Virtual Accounts Management: What's new for 2023

Perspective Def Guide
Whitepaper

Definitive guide: The time for VAM is now. Learn how to Capitalize on it

Escrow

Talk to our team of experts to learn how we can accelerate your banking transformation journey

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iGTB's Virtual Accounts Management Ranked #1 And "Best-in-class" by Datos

Must Read: How Datos Identified iGTB's Best in Class Products

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