Societe Generale selects iGTB for Liquidity Management Solution

By Megha Bhattacharya

Intellect Global Transaction Banking (iGTB) announced that it will support Societe Generale in implementing its Liquidity Management solution. According to the company, its Liquidity Management Solution (LMS), and its associated Liquidity Management suite of products, is designed with the premise that every Euro of corporate liquidity will – at some stage – be a Euro of bank liability. LMS cash pooling is augmented with an array of tools for the corporate treasurer to deliver fully automated liquidity management across multiple accounts, multiple entities, multiple currencies, multiple geographies and multiple banks. iGTB’s Liquidity Management suite offers processors to improve the bank’s balance sheet metrics and, simultaneously, deliver appropriate value to corporate liquidity and deposits.

Manish Maakan, CEO, iGTB said, “This win further demonstrates how iGTB, in partnership with leading banks like Societe Generale, is the market leader for Liquidity Management. The decision of Societe Generale to choose iGTB to support the Bank with its digital transformation journey and growth plans is a reflection of Societe Generale’s commitment to increase customer satisfaction while preparing for the future. This new Liquidity Management partnership means that four of the six largest banks in Europe are clients of iGTB, reinforcing our position as the partner of choice for the world’s largest financial institutions and underpinning our world-leading position in Liquidity Management and Transaction Banking.”

iGTB’s Liquidity Management Solution is a cloud-native liquidity management platform that includes core capabilities such as cash sweeping, notional pooling, intercompany lending, investment sweeps, fund NAV (Net Asset Value) processing, real-time cash control and the latest in client user experience.