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iGTB puts cash management platform in the cloud with new partnership

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iGTB has partnered with Pivotal Cloud Foundry to place its cash management platform, CBX 18, into the cloud.

CBX 18, claims the vendor, “heralds a new era of contextual corporate banking capabilities”. The system uses machine learning and predictive analytics to offer “tailored”, “best-next” actions and offers.

“Teaming up with Pivotal is a big step forward and underlines the commitment to our technology roadmap complementing our focus on customers’ needs,” said Manish Maakan, CEO of iGTB.

“Pivotal Cloud Foundry supports our ability to run our digital banking platform both securely and at any scale, and empowers both our own and our client’s Dev and DevOps teams to deliver enhancements, new integrations and innovations at speed.”

Related: Bank of Baroda implements supply chain finance solution from iGTB

Maakan sees the deal as a statement of intent for iGTB as it looked to expand across Europe and the USA: “Pivotal Cloud Foundry will improve our offering to new and existing clients in Europe and the US in particular, allowing us to deliver one of the most sophisticated corporate banking platforms on the market.”

Rob Mee, CEO, Pivotal Cloud Foundry, added: “CBX 18 on Pivotal Cloud Foundry represents a significant collaboration between iGTB and Pivotal, where the world’s largest banks are able to deliver new, integrated customer experiences driven by context and advanced analytics, while IT has peace of mind knowing that it runs on a secure and agile cloud platform.”

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