Intesa Sanpaolo has selected Fundtech’s Global CASHplus solution to provide global cash and liquidity management services to its corporate clients around the world.

Fundtech, which operates the world’s largest Swift service bureau, offers financial supply chain applications including electronic invoice presentment and supply chain financing.

With the implementation of Fundtech’s solution, Intesa Sanpaolo will be able to offer Swift-based, cross-border cash concentration and pooling services to its clients.

The CASHplus solution will be implemented across the bank’s network 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’ comprehensive multi-country functionality will enable Intesa Sanpaolo to offer its corporate clients advanced cross-border transaction capability and working capital visibility, including flexible multi-currency and multi-country cash pooling, on-demand liquidity transfer, and priority-based instruction execution,” says a statement issued by Fundtech.

“Global CASHplus will also enable Intesa Sanpaolo to offer intercompany lending and investment creation support for corporate transfer pricing.”