Intellect launches iGTB Copilot: AI-based Commercial & Corporate Banking Suite

By Gloria Methri

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Ltd, has launched iGTB Copilot, a suite of AI solutions for Commercial & Corporate Banking.

iGTB Copilot integrates Microsoft Azure OpenAI Service to reinvent customer experiences and revitalize productivity for both commercial banks and their clients.

By fusing the potential of commercial banking data with AI technologies such as large language models (LLMs), machine learning, deep learning, predictive analytics, and virtual agents, iGTB Copilot maintains data security and privacy within enterprise realms.

Capitalizing on iGTB’s expertise in Commercial & Corporate Banking, iGTB Copilot brings an array of over 50+ AI use cases covering cash management, liquidity, investments, deposits, cash pooling, cash forecasting, payments, virtual accounts, trade, and supply chain finance.

iGTB Copilot for Payments has been developed in collaboration with Microsoft using Azure OpenAI. Presently undergoing trials with chosen commercial banks, including global Tier 1 banking institutions, iGTB Copilot for Payments can unleash the value within ISO20022 Payments messages.

The solution allows the bank’s Relationship Managers (RM) to have a conversational platform that leverages customer information & transaction payment data from the bank’s enterprise ISO data store.

This solution will be subsequently extended to corporate clients so that they can derive insights on their own and get self-serve capabilities, building upon iGTB’s integrated transaction banking product lines.

iGTB CEO, Manish Maakan said, “With iGTB Copilot, we are poised to reshape the financial technology landscape providing commercial banks with the powerful AI technologies they need to thrive in an increasingly interconnected and competitive industry. Together with Microsoft, we are Piloting a roadmap that unlocks the potential Artificial Intelligence in Financial Services and seeks to showcase the transformative capabilities of Microsoft Azure OpenAI Service in the Commercial Banking space”.

According to Madhan Arumugam Ramakrishnan, Corporate Vice President, Microsoft Cloud for ISVs, “The power of Azure OpenAI services combined with iGTB Copilot for Payments is key to unlocking incredible insights within the ISO 20022 banking data repository. These new insights have a direct impact on a bank’s corporate clients who cut across industries such as healthcare, retail, pharma, and manufacturing. We collaborated together with iGTB to deliver a reference architecture and co-engineer patterns for success.”