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iGTB partners with Middle East bank for liquidity management services

Business Finance

Press Trust of India  |  New Delhi 

Intellect Global Transaction Banking (iGTB), part of Intellect Design Arena, on Friday said it has partnered with a Middle East bank to enhance the lender'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, as per a regulatory filing.

"...Middle East's second-largest bank has expanded its relationship with iGTB to enhance the bank's liquidity management capabilities," Intellect Design Arena said in the filing.

iGTB is in corporate liquidity management and partners banks worldwide.

"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," iGTB CEO Manish Maakan said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, March 20 2020. 11:46 IST