Société Générale deploys iGTB’s Corporate Treasury eXchange solution

Société Générale Implements iGTB’s CTX Platform:

1. Implementation of CTX Platform:
   • Société Générale, the French banking group, has deployed Intellect Global Transaction Banking’s (iGTB) Corporate Treasury eXchange (CTX) platform.
2. Real-time Liquidity Management:
   • iGTB’s CTX platform provides a suite of tools for corporate treasurers, allowing Société Générale to automate real-time liquidity management across multiple accounts, currencies, banks, and geographies.
3. Focus on Real-time Liquidity Management:
   • Société Générale highlighted the importance of CTX’s real-time liquidity management capabilities, emphasizing its increasing focus on this area.
4. Benefits of CTX Solution:
   • The cloud-native CTX solution automates cash balance transfers, improving the cash pooling experience for corporate clients. It enhances forecasting, visibility, and streamlines investments and sweeping processes.
5. Job Cuts and Streamlining:
   • This software partnership follows Société Générale’s recent announcement of cutting around 900 jobs at its head office in Paris. The move is aimed at streamlining decision-making processes by eliminating hierarchical layers.