21 August 2017
Find out more

Intesa Sanpaolo signs for Fundtech Global CASHplus

07 February 2011  |  2693 views  |  0 Source: Fundtech

Fundtech (Nasdaq:FNDT), a market leader in global transaction banking solutions, announced that Intesa Sanpaolo (ISP) Group Services, headquartered in Torino, Italy, has selected Global CASHplus to provide global cash and liquidity management services to its corporate clients around the world.

The ISP Group has leadership in the Italian market with almost 6,000 branches and a strong international presence with 1,800 branches across 13 countries in Central -- Eastern Europe and the Mediterranean Basin. With the implementation of Fundtech's solution, the ISP Group will have the capability to offer SWIFT-based, cross-border cash concentration and pooling services to its clients.

Cross border cash pooling using Global CASHplus will be implemented across ISP banks in Italy; its foreign branches; subsidiaries; and IBOS (International Banking - One Solution) banks -- an international banking alliance focused on providing corporate customers with international cash management solutions.

Global liquidity management solutions help provide corporates with a consolidated view of their accounts across banks, allowing them to automate their cash flows domestically and cross-border after factoring in operational and regulatory constraints. Thus banks provide increased transparency in managing liquidity risk across the entire corporation, as well as reap operational and cost efficiencies.

Global CASHplus' comprehensive multi-country functionality will enable ISP to offer its corporate clients advanced cross-border transaction capability and working capital visibility, including flexible multi-currency and multi-country cash pooling (real and notional), on demand liquidity transfer, and priority-based instruction execution. Global CASHplus will also enable ISP to offer intercompany lending and investment creation support for corporate transfer pricing.


Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comvisit www.vasco.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11347 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9554 views comments | 22 tweets | 29 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9424 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9172 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9091 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job