Virtual Account
Management

The world’s most advanced sub-accounting system

Get the full measure of Virtual Accounts with three powerful offerings

VIRTUAL CASH MANAGEMENT

  • Context aware mechanism to enable swift reconciliation and instant DSO updates
  • Segregation based on corporate’s hierarchies (subsidiaries, departments, etc.)
  • Collections ‘On-Behalf-Of’ segregated entities. Extended capabilities to enhance real-time reconciliation of pending receivables
  • Payments ‘On-Behalf-Of’ segregated entities, while validating transaction limits

LIQUIDITY MANAGEMENT

  • Alternatives for traditional sweeps through self-concentrating Virtual Account structures
  • In-house banking capabilities including interest management for corporate treasury functions like intercompany lending / borrowing and managing limits, across divisions, subsidiaries, lines of business, etc.

CLIENT MONEY MANAGEMENT

  • Segregation of funds that a corporate receives from, or on behalf of, a client or related stakeholders
  • Typical examples include escrow accounts, trust accounts, investment omnibus, etc.
  • Increased focus on regulatory and compliance aspects
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Clientele

Clientele

Highlights

Product Highlights

Self-service Virtual Accounts with no bank dependency, for made-to-measure flexibility and control

Unlimited Account Hierarchy

Unlimited Account Hierarchy

Mirror complex corporate hierarchies in account structures with full owner information.

Contextual VA/VIBAN

Contextual VA/VIBAN

Use Virtual Accounts as a surrogate of bank account or map it to a context or virtual IBA.

POBO, COBO, LOBO

POBO, COBO, LOBO

Perform full payments, collections and liquidity operations with the bank’s existing processors. Enable Payment/Collection On-Behalf-Of factories.

In-House Banking

In-House Banking

Enable customer to run an in-house bank with independent management of inter-company funding management.

Multi Currency Virtual Accounts

Multi Currency Virtual Accounts

Create innovative solutions with super-efficient, multi-currency Virtual Accounts.

Self-Service Where And When-It Matters

Self-Service Where And When-It Matters

Empower the customer to manage hierarchy, accounts and interest on their own. No need to wait for the bank to open, transact, manage and close accounts.

Accolades

Accolades

Driving customer value & market leadership.

CELENT

Emirates NBD recognised for implementing End-to-End Digital Transformation of
Transaction Banking Business to complement regional expansion

Global Finance Award 2020

iGTB powered First Abu Dhabi Bank Wins Global Finance Award 2020 for ‘Best Liquidity
Management Bank in the Middle East’

IBS-Intelligence

Intellect Ranked #3 in Global Digital Banking & Channels

FinTech Finance Gold

Gold Class Awards for Digital Transaction Banking

CELENT

Persona-based UI – Top Trends in Corporate Banking 2019-2020

Forrester

Strong performer at The Forrester Wave 2018: Digital banking engagement platforms

CELENT

Diversified Tech Vendor offering Persona-based UI AI enabled solutions for Data Insights and Advice

CELENT

Digital Transformation Leader Award at IDFC

Aite Group 2019

iGTB-powered Abu Dhabi Islamic Bank Wins Aite Group’s 2019 Cash Management and Payments Innovation Award for Customer Experience

Insights

Insights
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Aite Group 2019
Virtual Accounts Management - Product Video

iGTB Virtual Accounts Management

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Aite Group 2019
Virtual Accounts Management - Brochure

Use iGTB's Virtual Accounts self-service capabilities to open, transact, manage and even close accounts, without…

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Aite Group 2019
Virtual Account Management Definitive Guide 2.0

Implementing a virtual accounts capability brings its own challenges. Providing virtual accounts with even basic…

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Aite Group 2019
Keeping Your Balance(s)

Implementing a virtual accounts capability brings its own challenges. Providing virtual accounts with even basic…

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