Intesa Sanpaolo Bank Selects Fundtech's Global CASHplus
Intesa Sanpaolo (ISP) Group Services, headquartered in Torino, Italy, has selected Fundtech’s Global CASHplus to provide global cash and liquidity management services to its corporate clients around the world.
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. These services 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 CASHplus’ 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.