Bangkok Bank selects new banking platform
Written by Anthony Strzalek
Bangkok Bank has selected transaction banking and technology firm iGTB as a technology partner to implement a new comprehensive cash management platform and corporate portal.
The self-service digital portal will integrate a number of previously separate platforms, giving the bank’s clients – from SMEs through to multinational corporations – a consistent and consolidated view of their working capital and payments activities, irrespective of the country they operate in.
The solution is also expected to provide considerable benefits for the bank, with back-end processing of transactions, risk management and reporting all centralised and handled in one place.
Thanit Sirichote, EVP, corporate cash management at Bangkok Bank, said: “This partnership is a serious statement of intent, and an important component of the broader digital transformation that is underway at the bank. We will be offering our corporate clients, of all sizes, better, more comprehensive, and more tailored services that increasingly use data analytics to get to the heart of what they are trying to achieve and how best to support them.
“This solution will also give us a much greater capacity to serve clients internationally – meaning they can consolidate their banking relationships, minimise costs, and access a suite of highly relevant products, all through a single, easy-to-use portal.”
Manish Maakan, CEO of iGTB, added: “This is a key strategic step for iGTB – our first global transaction banking deal in Thailand, signed with the largest commercial corporate bank in the country.”