Intesa Sanpaolo deploys Montran’s multi-currency virtual account platform

Rick Steves

“Our new multi-currency platform revolutionizes the way our clients manage funds, enabling efficient handling of multiple currencies through virtual accounts.”

Montran has launched a new multi-currency virtual account management platform for Intesa Sanpaolo, a leading banking institution in Italy with global financial services.

The platform is a significant advancement in the bank’s ability to manage multi-currency cash and liquidity for its clients, offering enhanced efficiency and flexibility.

Key features of Montran’s platform include:

  1. Bank Agnosticism: The platform is bank agnostic, meaning it doesn’t require clients to change their existing bank relationships. It works with multiple banks and is suitable for various organizations, including banks, corporations, and non-bank financial institutions (NBFIs).
  2. Virtual Account Management (VAM): The platform offers full Virtual IBAN Management (VIBAN) and open banking capabilities. It’s available as Software-as-a-Service (SaaS) or on-premise.
  3. Multi-Bank and Multi-Currency Support: It connects to multiple banks simultaneously, using existing banking infrastructure like Secure File Transfer, APIs, PSD2, or proprietary links. This approach reduces the initial and ongoing costs of bespoke integration.
  4. Centralization: The platform allows organizations to centralize their payments and collections operations globally or regionally, operating all accounts on one system with secure connections to each bank.
  5. Real-Time Reconciliation and Alerting: It offers real-time reconciliation and automatic funds allocation, ensuring strict segregation of funds in pooled or omnibus accounts.
  6. Liquidity Management: The platform provides full visibility and control over liquidity, including cash concentration, sweeping, pooling, target and zero balancing, and detailed forecasting.
  7. FX and Currency Optimization: It offers global real-time visibility of all FX positions and pools currencies for optimization.

Managing multi-currency cash and liquidity

Giancarlo Esposito, Head of Payments, Cash Management and Open Banking at Intesa Sanpaolo, said: “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.”

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.”

Raegan Esca, General Manager of Montran Europe, said: “Deployed within a few months for rapid market introduction, Montran’s multi-currency and real-time Virtual Account Management solution enriches both Intesa Sanpaolo and its clients with advanced cash and liquidity management tools. 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. We are committed to a long and fruitful collaboration with a strategic partner in Intesa Sanpaolo.”

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