# iGTB launch Digital Transaction Banking available as SaaS
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2016-09-30
Category: BANKING
Category URL: https://financedigest.com/category/banking
Meta Title: iGTB launches DTB solution on the cloud for banks
Meta Description: Access iGTB's comprehensive global transaction banking solution on the cloud for fast, easy, and profitable banking services. Increase customer numbers
URL: https://financedigest.com/igtb-launch-digital-transaction-banking-available-as-saashtml

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_iGTB’s DTB solution launches on the cloud for easy, fast accessibility for any size bank_

Intellect iGTB, the organisation behind the world’s first comprehensive global transaction banking solution, has made itswell-established global integrated cash and trade solution, Digital Transaction Banking (DTB), available as software as a service. DTBcomprises account services, reporting, collections and receivables (including EIPP), liquidity, trade finance, supply chain finance and treasury products, all seamlessly integrated.The product continues to experience great success andincreasingly, [banks](https://www.financedigest.com/banks-deploy-ai-3-major-technological-advances.html "Banks Deploy AI – 3 Major Technological Advances            ") are requesting a software deployment model that gives an even faster and simpler way to access these services. This is based on the model [bank concept with many pre-configured elements and a comprehensive set of tried-and-tested customer](https://www.financedigest.com/the-importance-and-growth-of-banking-ecosystems-to-create-superior-customer-experiences-and-value.html "The importance and growth of banking ecosystems to create superior customer experiences and value") journeys

The solution, which has over 70 installations, has a track record of increasing [customer numbers by 32% year-on-year in one bank](https://www.financedigest.com/britains-metro-bank-returned-to-profit-in-september-sees-no-customer-stress.html "Britain’s Metro Bank returned to profit in September, sees no customer stress"), and even more impressively a doubling of customer base in just 9 months in another, the solution consistently demonstrates other benefits such as profitability increase, very high STP and FTE reductions. It is no surprise therefore that many banks are utilising the service in tens of countries. Now, the cloud aspect allows banks to simply switch on and go.

The solution was designed for, and has been implemented by, banks across the spectrum from small to regional to global, and in turn used by their [business customers of all sizes](https://www.financedigest.com/covid-19-is-impacting-the-high-speed-steel-market-size-business-revenue-forecast-leading-competitors-and-growth-trends-2031.html "COVID-19 Is Impacting The High Speed Steel Market | Size, Business Revenue Forecast, Leading Competitors And Growth Trends 2031"). But the new availability on the cloud will be of value, in particular to local and primarily domestic banks, as it allows them to bypass more costly and long-term investment and implementation procedures by eliminating the [need to physically integrate](https://www.financedigest.com/the-four-pillars-of-data-integrity-what-finance-businesses-need-to-know.html "The four pillars of data integrity: what finance businesses need to know") the technology solution into their existing systems. Instead, they can access the software as a service and seamlessly use it for onboarding any of their customers simply.

This new form of [accessing such a solution means that banks](https://www.financedigest.com/the-open-banking-revolution-enabling-accessible-and-inclusive-finance.html "The open banking revolution – enabling accessible and inclusive finance") can exploit the opportunities presented by the $12 trillion held in corporate cash. From relationship managers to CDOs, Heads of Transaction Banking and COOs, banks are asking how they can improve customer stickiness, revenue, efficiency and use of resources – and provide their [customers with a single view](https://www.financedigest.com/insurance-marketing-is-more-targeted-with-the-single-customer-view.html "Insurance marketing is more targeted with the single customer view") across cash and trade processes via any device, including tablets, mobile phones, laptops and wearable technology such as the Apple Watch. This solution will allow them to meet both those bank [needs and those of their corporate customers](https://www.financedigest.com/you-dont-need-magic-to-anticipate-your-customers-needs-just-the-right-tech.html "You don’t need magic to anticipate your customers’ needs, just the right tech") without siloes and in the optimal manner for varied client segments.

**iGTB** [CEO Manish Maakan comments “Banks need](https://www.financedigest.com/new-uk-pm-will-need-to-take-urgent-action-on-energy-bills-ofgem-ceo.html "New UK PM will need to take urgent action on energy bills – Ofgem CEO"), and are rightly demanding, the ability to offer new and enhanced services in a simpler manner. By accessing our proven existing solution via the cloud, any banks – particularly those whose concerns are more locally focused – can gain benefits that deliver significant value, all in a remarkably short space of time.”


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