Intellect Global Transaction Banking (iGTB), the corporate banking technology provider from Intellect Design Arena Limited, and Banco Santander have agreed a deal to implement iGTB's Intellect Payments Services Hub (IPSH) - in a move to bring next-generation payments capabilities to its corporate clients. The deal also enables the bank - a gateway to Latin America - to offer best-in-class digital services in a region.
iGTB's IPSH will improve Santander's on-boarding of new customers, reducing its time to market. Deployed from a single, centralised location, and coming with its own dedicated Payments Engine (back office), the platform also enables Santander to update and expand its global cash management offering to new countries - introducing new products and processing payments in greater volumes than before.This means the bank can scale its operations seamlessly as it takes on new business.
The bank's clients will benefit from accessing its services via a state-of-the-art new single platform - available through multiple channels - from which they can initiate and track all of their incoming and outgoing payments. Dashboards and workflow tools make it simple to control and monitor payments - with operational controls such as advanced payment prioritisation, payments throttling and real-time monitoring - while also allowing for quick adaptation and customisation.