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Intesa Sanpaolo selects Montran’s multi-currency virtual accounts platform

By Gloria Methri

February 05, 2024

  • Cash and Liquidity Management
  • Europe
  • FinTech
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Intesa Sanpaolo, Cash and Liquidity Management, FinTech, Montran, Virtual Account Management, Intesa, Payments, Open Banking, ItalyMontran has launched a multi-currency virtual account management platform for Intesa Sanpaolo, an Italian banking institution with a global financial services presence. This platform marks a strategic enhancement in the bank’s ability to manage multi-currency cash and liquidity for its diverse client base.

“Our new multi-currency platform revolutionizes the way our clients manage funds, enabling efficient handling of multiple currencies through virtual accounts. This significantly enhances international trade by streamlining liquidity and improving cash flow,” said Giancarlo Esposito, Head of Payments, Cash Management and Open Banking at Intesa Sanpaolo.

Adding to this, Sergio Dalla Riva, Head of Product Development Transaction Banking at Intesa Sanpaolo, remarked, “In today’s rapidly evolving digital and volatile market, Montran’s technology provides the crucial real-time financial insights our clients need to stay ahead.”

Montran’s VAM Platform will enhance the multi-currency cash and liquidity management offering of Intesa Sanpaolo, bringing immediate value to the bank’s various client segments.

“Deployed within a few months for rapid market introduction, Montran’s multi-currency and real-time Virtual Account Management solution enriches both the bank and its clients with advanced cash and liquidity management tools,” said Raegan Esca, General Manager of Montran Europe. “Integrating seamlessly with the bank’s existing infrastructure, our solution elevates financial operations through enhanced account segregation, POBO, COBO, automated reconciliation, and improved liquidity visibility.”

“Together, Montran and Intesa Sanpaolo are poised to transform liquidity for clients everywhere,” Esca continued. “We are committed to a long and fruitful collaboration with a strategic partner in Intesa Sanpaolo.”

Montran is one of the top providers of Payment and Securities Market Infrastructure solutions, servicing some of the world’s foremost financial institutions with critical installations and operations in over 80 countries. Montran’s products have been SWIFT-certified solutions since their program’s inception more than 30 years ago.

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