Montran provides multi-currency virtual account management platform to Intesa Sanpaolo

Montran has announced the launch of a „groundbreaking multi-currency virtual account management platform” for Intesa Sanpaolo, Italy’s premier 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, offering unparalleled efficiency and flexibility.” the company 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,” 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.”

“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,” 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.”

____________

For decades, Montran Corporation has been advancing state of the art financial technology solutions in the areas of payments, cash and liquidity management, and securities. Montran has 500+ mission critical installations for Commercial Banks, Corporates, as well as Central Banks and Infrastructure Providers in over 80 countries.