Intellect Global Transaction Banking (iGTB) achieves SWIFT Certified 2021 status for its market-leading intelligent Trade Finance product

Validation for iGTB’s Trade Finance solution as a SWIFT-compatible product reflects iGTB’s ongoing commitment both to its partnership with SWIFT and to its efforts to enhance economic inclusion and sustainable (track’n’trace) trade as part of digital (paperless) transformation

London, September 23, 2021 Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence, is delighted to announce that its Trade Finance product has been awarded the SWIFT Compatible Application Trade Finance Label for 2021. This is the 3rd consecutive year that iGTB’s fully digital Trade Finance product has been awarded this label. It demonstrates the solution’s exceptionally strong capabilities to align to complex and evolving SWIFT Standards while embracing both digital transformation (including the much-sought-after goal of paperless) and sustainability (including the universal need now for product track’n’trace).

SWIFT Compatible Application labels are awarded exclusively to providers that deliver quality services and products to their customers while acting in accordance with the highest professional standards. The awarding of this label is compelling evidence that the iGTB Trade Finance product adheres fully to the specified criteria for SWIFT FIN (MT) messages, SWIFT connectivity and SWIFT interoperability.

iGTB’s intelligent Trade Finance product has been fully updated with all of the changes required not only to enable a client bank to remain SWIFT-compliant, but also to revolutionise the bank’s trade business with an enhanced range of digitised products and services, including intelligent data extraction form its AI/ML IDX “paper-killer.” iGTB recognises the market-driven ambition of SWIFT to introduce more structured data into transaction processing: this simultaneously opens up the opportunity for banks to enhance workflow and to drive innovation. In order to help a bank take full advantage of the additional value this data structuring brings, iGTB is not simply replacing one message type with another, but taking into consideration how these changes can transform the overall Contextual User Experience.

manish-maakan-ceoManish Maakan, CEO, iGTB, said “This latest award validates our ongoing commitment towards adopting and sustaining industry standards across the entire global banking industry, and it comes on the back of having completed Europe’s largest ever trade finance transformation project. Global trade has trebled since 2000 reaching over $18 trillion, so the need for strong digital trade finance has never been higher. I am delighted that we can demonstrate accredited high quality.”

Maakan added, “Digitalization is central to sustainable trade finance. With iGTB Trade Finance, banks will combine technological innovation and digitalization with sustainable business practice, driving innovation and growth, whilst at the same time supporting the transition to a sustainable economy. iGTB’s Trade Finance team is committed to deliver unparalleled solutions that are both innovative and transformational, supporting economic inclusion and sustainability.”

In today’s world where more than 90% of trade messages are communicated via SWIFT, this label is another feather in the cap for iGTB’s Trade Finance product, which is designed to automate every step of the trade finance business, with integrated workflow management, service level management and electronic document management processing. The solution is designed to satisfy and support the complete processing and reporting needs for documentary credits, collections, guarantees and reimbursements. It also includes the full range of SWIFT MT798 Corporate to Bank (C2B) and Bank to Corporate (B2C) messages.

About iGTB:
The World’s Best Corporate Banks Bank on iGTB

iGTB is the world’s first complete Global Transaction Banking platform from the house of Intellect. iGTB’s software products help Corporate Banks prepare for a new era of customer-centric services. With a rich suite of transaction banking products, across Digital Transaction Banking, Payments, Liquidity, Trade Finance and Supply Chain Finance, iGTB is an authority on integrated transaction banking products that enable banks to meet their ambition to be the Principal Banker to their corporate customers. iGTB seamlessly integrates all the transaction banking needs of corporate customers, delighting them with the Contextual Banking Experience (CBX), a white label digital transaction banking platform to manage corporates’ cash and trade portfolios. For more information on iGTB, please visit https://www.igtb.com/

About Intellect Design Arena Limited

Intellect Design Arena Ltd. has the world’s largest cloud-native, API led microservices-based multi-product FinTech platform for the Global leaders in Banking, Insurance and Capital Markets. It offers a full spectrum of banking and insurance technology products through its four lines of businesses – Global Consumer Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets, and Insurance. With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for their digital transformation initiatives.

Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 250 customers through offices in 97 countries and with a diverse workforce of solution architects, domain and technology experts in major global financial hubs around the world. For further information on the organisation and its solutions, please visit www.intellectdesign.com.

Santander, supported by iGTB, achieve “an incredible 70% average improvement of KPIs” say Aité-Novarica in their Payments Case Study

The Payments Case Study report “Implementing a Market Leading Global Payments Platform,” by highly respected analyst Erika Baumann, shows how Santander, one of the largest banks in Europe and the 16th largest banking institution in the world, “created a market-leading global payments platform that did not previously exist in the market” by partnering with iGTB and using iGTB’s Payments Service Hub.

iGTB Digital Transaction Banking on Cloud – the world’s first, cloud-native, fully-integrated cash management platform, powered by microservices and Open Banking APIs for banks in Middle East & North Africa

Transaction banks can now accelerate their digital transformation on the cloud and onboard their SME & corporate clients in weeks rather than months

London, 16 August 2021: Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence two years in a row, today announces its completely reimagined Digital Transaction Banking on a cloud platform. iGTB, with origins that can be traced to Citibank, has three decades of experience in transaction banking technology. Currently 90+ banks globally and 30+ banks in the MENA region trust iGTB for their digital cash transformation.

The Middle East and North African banks that desire a large piece of the pie of the rapidly growing transaction banking business, and those that wish to accelerate SME & corporate digital customer acquisition, are set to experience a major turnaround with this announcement. A key tenet of this redesigned Cash Management Platform is to embrace simplicity in digital banking transformation, for banks to stay relevant to their customers and investors by adopting the latest cloud technology without high CAPEX investments, and to bust the myth of endless technology projects that must span into years.

This platform is powered by comprehensive product coverage across cash management, payments, account services, self-onboarding, liquidity& virtual accounts and is offered across three easy-to-consume bundles –the CashNow plan, the CashXtra plan, and the CashPowerplan. Each bundle is tailored specifically for banks at various stages of their transaction banking digital maturity, with an innovative pay-as-you-grow pricing model. The bundles are specially curated with iGTB’s thorough repertoire of user journeys and domain packs built up from its large client base, designed to accelerate sales cycles for banks, increase stickiness across their client segments and impact the customer experience with a fully digital 360 offering. Banks will now be able to capture stable, predictable corporate & SME fee revenues in weeks rather than months.

manish-maakan-ceoAccording to Mr. Manish Maakan, CEO, iGTB, “CIOs and CTOs that run the bank IT, can reap value from cloud platforms by completely re-thinking digital technology transformation. The time to commercialize is reduced 4-6 fold so that banks can go live in weeks rather than months with iGTB’s proprietary rapid implementation methodology room, backed by pre-configured, industry-proven domain expertise and core-banking pre-integrations built into the software. Banks can future-proof their investments with a progressive modernization upgrade roadmap thanks to iGTB’s cloud-ready enterprise cash management platform, which has the best-of-breed technology capabilities built-in with microservices and Open Banking APIs.”

iGTB’s fully managed, cloud-ready Digital Transaction Banking Platform will help de-risk banks’ IT operations with up to 40% reduction in IT total cost of operations (TCO). Pre-configured domain packs for the GCC and North African markets will speed up the bank’s go-to-market product launch aided by the operationally-ready suite of 135+ Open Banking APIs to help roll out consumer-friendly innovative features. Corporates and SMEs can be rapidly onboarded, saving up to 70% in onboarding costs, bringing in operational efficiency, and driving down acquisition costs. All this is backed by pay-as-you-grow-ready plans that can help banks go live in as fast as 10 weeks, leveraging our global cloud infrastructure from Microsoft Azure. To experience, it live and for more information, visit iGTBcloud.com

About iGTB

iGTB is the world’s first complete Global Transaction Banking Platform from the house of Intellect. It helps corporate banks prepare for a new era of customer-centric services. With a rich suite of transaction banking products, across DTB, contextual banking CBX, Payments, Liquidity, Trade, and Supply Chain, iGTB is an authority on vertical and integrated products that enable banks to meet their ambition to be the Principal Banker to their corporate customers.

About Intellect Design Arena Limited

IntellectDesign Arena Ltd, a cloud-native, future-ready multi-product fintech platform for the world’s leading financial & insurance clients caters to the full spectrum of banking and insurance technology products company, across Global Consumer Banking, Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets, and Insurance. With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives.

Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for Financial Technology, reflects Intellect’s commitment to continuous and impactful innovation to address the growing need for digital transformation. Intellect serves over 240 customers through offices in 91 countries and with a diverse workforce of solution architects, domain and technology experts in major global financial hubs around the world. For further information on the organization and its solutions, please visit www.intellectdesign.com. For further information about the transaction banking solutions offered by iGTB, please visit https://www.igtb.com/

Intellect Global Transaction Banking (iGTB) and essDOCS partner for digitalisation and automation of trade finance processes

Banks leveraging the new partnership between iGTB Trade Finance and essDOCS will benefit from a unique value proposition that will future-proof their business as digital transformation, paving the way for finally eliminating paper and age-old labour intensive business practices, typically leading to a 10% increase in revenues

London, UK 12 August, 2021: Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence, today announces its partnership with essDOCS, the leading paperless global trade management company, to widen access to and adoption of trade digitalisation solutions.

Banks deploying iGTB Trade Finance, now in combination with the technology powerhouse of essDOCS used by nearly 60,000 companies in over 200 countries, will uniquely benefit from an ability to enable their corporate customers to extend their use of paperless trade, not only streamlining and automating document preparation processes but also eliminating the operational risks inherently associated with the manual processing of paper, thereby future proofing their business.

For generations, the business of trade and trade finance has been notoriously reliant on labour intensive paper-based processes, particularly with respect to crucial title documents such as bills of lading, warehouse warrants, bills of exchange and promissory notes. It is now increasingly clear that trade stakeholders require data to be made available by digital means, in a connected, secure online environment with real-time access to information.

Removing paper pain points in trade significantly reduces delays from document discrepancies, the most common cause, as well as supporting the increased availability of structured data for business intelligence purposes. Global trade banks could increase revenue by approximately 10% by adopting an integrated digital solution incorporating intelligent automation and collaborative digitalisation (source: Asian Banking & Finance).

alexander-goulandrisAlexander Goulandris, Co-CEO, essDOCS said, “We are excited to be collaborating with iGTB, with whom we share a common vision of enabling paperless trade by providing future-proof digital trade solutions that eliminate paper-based processes and make trade finance more secure, smarter and faster.”

essDOCS’ CargoDocs solution enables users to digitally prepare, manage, sign, legally transfer and e-present trade documentation in an auditable platform powered by automation. CargoDocs connects all trade value chain stakeholders (such as exporters, advising banks, issuing banks and importers) through its secure digital platform, which fully conforms with the International Chamber of Commerce (ICC) eUCP and eURC regulations, in addition to the upcoming URDTT (Uniform Rules for Digital Trade Transactions).

By syncing with essDOCS, iGTB bank and corporate users will be able to access CargoDocs’ digital document capabilities and use the solution for trade finance transactions under Letters of Credit (LCs), Documentary Collections, Guarantees and more – allowing both banks and corporates to access all data and documents under any given financing instrument in a single, secure platform.

manish-maakan-ceoCommenting on the partnership, Manish Maakan, CEO, iGTB said, “Digital trade will reduce the cost of trade and finance and lead to more financial inclusion, and in turn yet more trade globally. Our alliance with essDOCS furthers our already extensive programme of partnerships with technology leaders in their field.”

He continued, “It is bound to increase operational savings by creating one standardised process and real time repository. Improving trade transparency and compliance while deploying tools which help to reduce risk, and the ability to automate transaction frameworks, will both play a big role for corporations to stay relevant in the ever-evolving world of trade. This partnership will capitalise on some superb leading-edge technology for trade digitisation, to help reduce time, errors, operational risk and stress in an industry that has for too long been dominated by paper and manual and inefficient processes.”

About iGTB iGTB is the world’s first complete Global Transaction Banking platform from the house of Intellect. iGTB’s software products help Corporate Banks prepare for a new era of customer-centric services. With a rich suite of transaction banking products, across Digital Transaction Banking, Payments, Liquidity, Trade and Supply Chain Supply, iGTB is an authority on integrated products that enable banks to meet their ambition to be the Principal Banker to their corporate customers. iGTB seamlessly integrates all the transaction banking needs of corporate customers, delighting them with the Contextual Banking Experience (CBX), a white label digital transaction banking platform to manage corporates’ cash and trade portfolios. For more information on iGTB, please visit https://www.igtb.com/

About Intellect Design Arena Limited

Intellect Design Arena, a global leader in the application of digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products. It does so via its four lines of business, namely, Global Consumer Banking, iGTB (Global Transaction Banking), Risk, Treasury and Markets and Insurance Software. With over 25 years of deep domain expertise, today Intellect is a brand name that progressive financial institutions look to for their digital needs, and for digital transformation initiatives.

Intellect pioneered Design Thinking as a key differentiator in the delivery of cutting-edge banking and insurance products and solutions to enable digital transformations. FinTech 8012, the world’s first design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, such that the growing need for digital transformation may be addressed and answered. Intellect generates annual revenues of more than USD 208 million, by serving more than 260 customers through offices in 97 countries. For further information about the company and the various solutions it offers, please visit https://www.intellectdesign.com/.

About essDOCS

essDOCS enables paperless global trade management. Its CargoDocs platform digitizes, automates, and accelerates trade operations, finance, logistics, compliance, and visibility. Its essCert platform digitizes the certification of preferential and non-preferential certificates of origin and other export/import-related documents issued by Chambers of Commerce or other authorities. 58,000+ companies, ranging from 31% of the Fortune Global 100 to innovative SMEs, use essDOCS solutions globally in warehouses as well as bulker, tanker, container, and barge movements. Customers are supported from offices in London, Athens, Galway, New York, Shanghai, Kolkata, Adelaide, and Singapore. To find out more, visit essdocs.com.

Why Banks Offer Virtual Accounts

While some banks are already taking steps towards enabling themselves on virtual accounts, they take a varied approach when it comes to their strategy in rolling out the capability.

Intellect #1 in Transaction Banking by Global IBSI 2021

Intellect Retains its Position in IBSI Leadership Club with its #1 Ranking

Intellect has ranked #1 in Retail Banking for the third consecutive year, #1 ranking in Transaction Banking for the second consecutive year, and #1 in InsurTech in the inaugural edition.

London (UK), June 5, 2021: Intellect Design Arena Ltd, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, has achieved a remarkable triple win by the UK-based independent analyst, IBS Intelligence. Intellect has been ranked #1 in the world for the Retail BankingWholesale Banking – Transaction Banking and InsurTech categories in the IBS Annual Sales League Table 2021.

IBS Intelligence’s Annual Sales League Table is a widely accepted industry benchmark for the performance of global banking technology solutions. The SLT has been running for over 20 years and recognized as a barometer for financial technology supplier sales performance across the banking industry. COVID-19 and its aftermath, has made this year’s SLT more significant. The IBSI SLT 2021 includes systems purchases made by over 1000+ banks across 180+ products from 60 suppliers across the Americas, Europe, Middle East, Africa, APAC, and ASEAN. The number of deals evaluated this year was 2000+, reported across 150 countries globally.

#1-retail-bankingIntellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, has retained its #1 Global Leadership position in Retail Banking for the third year in a row in a highly competitive segment. iGCB offers end-to-end Contextual and Composable Banking suite for retail and corporate banking across Core, Lending, Cards, Wealth and Central Banking. Its unique blend of integrated functionality and agility is made possible by its microservices-based, API-first and cloud-native architecture.

#1-transaction-bankingIntellect Global Transaction Banking (iGTB),the world’s first complete Global Transaction Banking platform, retains its #1 Global Leadership position in Transaction Banking a highly competitive segment. iGTB spearheads the consumerisation of corporate banking, through contextual, composable hyper-scale technology. Covering over 90 countries, pooling over $35 trillion balances per year and with a rich suite of transaction banking platforms covering all Transaction Banking needs (Digital, Payments, Cash, Collections, Remittances, Virtual Accounts, Liquidity, Trade and Supply Chain and more), iGTB with its associated iGTB Oxford School of Transaction Banking is an authority on integrated products that enable banks to meet their ambition to be Principal Banker to their corporate customers.

#1-insur-techIntellect SEEC leads the IBS SLT 2021 inaugural InsurTech category in a highly competitive segment. It is an insurtech transformation partner with contemporary AI and ML solutions, data insights triangulated from thousands of sources, and agile technology, data science, and consulting teams – taking a strategic approach to tackling the biggest challenges for insurance. Intellect SEEC is a proven leader in Data First Strategy for Commercial Underwriting and has successfully driven one of Europe’s largest transformations in Wealth Management.

With the far-reaching impact of the COVID-19 pandemic, the IBSI Sales League Table 2021 Rankings serve as a reckoner to identify fintech companies that have carved a global niche built on a strong foundation. The need of the hour is to find innovative ways to respond to changing market demands and accelerate the digital transformation journey of enterprises. Intellect is designed to do just that – provide security, innovation, and speed-to-market that empowers organisations to transform from the core, become responsive, and resilient.

RobinCommenting on Intellect’s performance, Robin Amlôt, Managing Editor at IBS Intelligence said, “We applaud Intellect Design Arena’s remarkable hat-trick in ranking #1 in three categories. This achievement highlights the company’s performance in what has been an especially challenging time, showcasing its resilience in this pandemic-hit year.”

arun-jaiExpressing his views on emerging as a leader, Arun Jain, Chairman, and Managing Director, Intellect Design Arena Limited said, “We are proud to be ranked #1 in Retail Banking for three consecutive years, Transaction Banking for two consecutive years and of leading the inaugural InsurTech category, and of being invited to join the leadership club in IBS SLT 2021. This is a remarkable validation for us, proving how our customers rely on our products and reaffirming their faith in Intellect’s Next-Gen Fintech architecture. Our rapid move towards open finance architecture provides the ability for our customers to adopt a flexible, compostable, and contextual product design strategy. This technology upgrade path is winning in many markets. I would like to thank our customers and associates for their confidence in us and for being part of our journey.”

Not only has this year’s SLT recognised Intellect’s sales excellence, but it is also a true reflection of the company’s success and resilience in this pandemic-hit year. Additionally, Intellect is also being rated to be part of the newly-constituted IBSI Leader board for Transaction Banking, Retail Banking – Core, Digital Banking, Private Banking & Wealth Management, Lending, Payments, and Risk & Compliance for the consistent performance over the last 5 years.

About Intellect Design Arena Limited

Intellect Design Arena Ltd. has the world’s largest cloud-native, API-led microservices-based multi-product FinTech platform for the Global leaders in Banking, Insurance, and Capital Markets. It offers a full spectrum of banking and insurance technology products through its four lines of businesses – Global Consumer Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets, and Insurance. With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for their digital transformation initiatives.

Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 240 customers through offices in 97 countries and with a diverse workforce of solution architects, domain and technology experts in major global financial hubs around the world. For further information on the organisation and its solutions, please visit www.intellectdesign.com.

About IBS Intelligence

Established in 1991, UK-headquartered IBS Intelligence is the leading global pure-play Financial Technology research, news analysis, and advisory firm. IBSI’s Sales League Table is considered the global industry barometer ranking leading banking technology suppliers. Its research reports comprehensively cover global suppliers across all Banking Technology & Financial Technology systems and are also distributed by Thomson Reuters, Bloomberg, and S&P Capital IQ.

IBSI’s Innovation Lab at Dubai brings banks and suppliers together with an opportunity to access the Middle East market and to test and experience global Financial Technology products within the region. The group company, Cedar, is a global management consulting firm with deep expertise in formulating and executing business strategy for financial services clients worldwide with a significant focus on leading their technology and digital transformation.

ENBD & Emirates Islamic, Reimagining Technology Transformation

Miguel Rio Tinto, Emirates NBD speaks about Reimagining and Reinventing Technology Transformation at Scale

With the launch of the businessONLINE – Emirates NBD’s next-generation global corporate banking platform the group-wide, single instance, omnichannel platform, delivers a full suite of cash management, trade finance, and liquidity management solutions by reimagining and reinventing Technology Transformation at scale to the bank’s clients – ranging from small and medium-sized businesses to large corporations and government institutions.

Emirates NBD’s ‘businessONLINE’ is a new, comprehensive digital global cash management ecosystem that gives corporates the control they need across all their financial relationships, accounts, and activities – all on one user-friendly platform, powered by iGTB’s Digital Transaction Banking Enterprise Suite CBX.

CWB’s Cloud-Based Payments Service Hub powered by iGTB

CWB partners with Intellect Global Transaction Banking to enhance payments service technology for business owners

London, May 31, 2021 – Canadian Western Bank (CWB) is proud to announce a new partnership with Intellect Global Transaction Banking (iGTB) that advances how clients experience CWB’s payments and cash management services. iGTB, ranked #1 in the world for transaction banking by IBS Intelligence, will provide CWB with its cloud-based Payments Service Hub (PSH), powered by Microsoft Azure, that will enable more efficient payment capabilities and opportunities to rapidly meet the evolving needs of Canadian business owners. The solution is architected on a cloud-enabled technology for the high availability and scalability needed for a payments platform. It uses sophisticated In-memory caching, application server and database clustering, and load balancing to cater to the millisecond response times needed for instant payments. The move advances CWB’s digital transformation and commitment to deliver premium client experiences while strengthening iGTB’s position as an international market leader among cloud-based payment service providers.

Jeff

“Partnering with iGTB means we can provide our clients with a single point of client interaction and information for payments and new payment offerings,” says Mr. Jeff Wright, Senior Vice-President, Equipment, Digital & Client Solutions at Canadian Western Bank. “Business owners need a financial partner that can innovate at the pace of their growth, and iGTB elevates our ability to stay on top of what they need while enabling us to deploy market-competitive payment offerings, reduce manual activities and lower payment costs. With a modernized and fulsome view of our clients’ payment activities, we can continue to deepen the high-touch relationships our clients expect from CWB.”

Manish Maakan

Commenting, Mr. Manish Maakan, CEO, iGTB said, “This strategic six-year managed services partnership solidifies our third cloud deal in Canada. iGTB’s new easy-to-use PSH on the cloud as a managed service lays the foundation of our offering to Canadian banks and credit unions, as well as to financial institutions around the world.”

Mr. Maakan added “I am proud to be associated with CWB on this payments transformation as they have set the benchmark around customer centricity, allowing them to differentiate, modernize and control their payments offering, positioning themselves for growth in Canadian financial services. This also reinforces the strength of our relationship with Microsoft, a trusted provider with Azure for mission-critical systems such as payments. We will be making further exciting announcements on our offerings on the cloud as a managed service in the coming quarters.”

Suzanne

“Companies like Intellect Global Transaction Banking and Canadian Western Bank demonstrate the digital innovation that is possible in the financial sector,” said Suzanne Gagliese, One Commercial Partner lead, Microsoft Canada. “Delivering payments on the cloud enhances the customer experience while harnessing the flexibility, power and security of Microsoft Azure.”



CWB’s Cloud-Based Payments Service Hub powered by iGTB

About Canadian Western Bank:

Canadian Western Bank (TSX:CWB.TO) is a chartered, full-service bank that offers business and personal banking solutions and expertise, along with an unwavering obsession with our clients’ success. We’ve offered customized financial solutions for over 35 years, and operate with a clear focus on meeting the unique financial needs of business owners. Through our network of branches, business offices and mobile relationship teams, we help clients grow their businesses, manage their money, and realize their financial potential. Learn more at https://www.cwbank.com.

The World’s Best Corporate Banks Bank on iGTB

About iGTB:
iGTB is the world’s first complete Global Transaction Banking Platform from the house of Intellect helps Corporate Banks prepare for a new era of customer-centric Services. With a rich suite of transaction banking products, across Payments, Digital, Liquidity Management, Virtual Accounts, Trade, and Supply Chain Finance, iGTB is an authority on vertical and integrated products that enable banks to meet their ambition to be the Principal Banker to their corporate customers. iGTB seamlessly integrate all transaction needs of corporate customers, delighting them with Contextual Banking eXperience (CBX), a white label digital transaction banking platform to manage firms’ cash and trade that leverages Machine Learning and predictive analytics, delivered through APIs and an omnichannel UX. For more information on iGTB, please visit https://www.igtb.com/

About Intellect Design Arena Limited

Intellect Design Arena Ltd., a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products. It does so via its four lines of business, namely, Global Consumer Banking, iGTB (Global Transaction Banking), Risk, Treasury and Markets and Insurance Software. With over 25 years of deep domain expertise, today Intellect is a brand name that progressive financial institutions look to for their digital needs, and for digital transformation initiatives.

Intellect pioneered Design Thinking for cutting-edge banking and insurance products and solutions, with that being the company’s salient differentiator when enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, such that the growing need for digital transformation may be aptly addressed and answered. Intellect generates annual revenues of more than USD 208 million, by serving more than 200 customers through offices in 90+ countries. For further information about the company and the various solutions it offers, please visit https://www.intellectdesign.com/.

iGTB apporte de nouvelles solutions à la Société Générale

Référence mondiale, la solution contextuelle de gestion des liquidités LMS (Liquidity Management Solution) d’iGTB permettra à la Société Générale et à ses clients entreprises de bénéficier d’un moyen d’optimiser leurs liquidités, tout en libérant les excédents de trésorerie bloqués, en réduisant les risques et en atténuant les effets des taux d’intérêt négatifs.

Londres, le 3 mai 2021 : Intellect Global Transaction Banking (iGTB), division d’Intellect Design Arena Limited spécialisée dans les transactions bancaires et classée n°1 mondial par IBS Intelligence dans le domaine du Transaction Banking, vient d’annoncer qu’elle soutiendrait la Société Générale, principal acteur de l’économie depuis plus de 150 ans desservant quotidiennement 29 millions de clients et employeur de 138 000 personnes dans 62 pays, dans sa mise en œuvre de la solution de gestion des liquidités n°1 dans le monde.

Même si 2020 a été une année de grande résilience, elle a mis en évidence le besoin urgent pour les banques de fournir à leurs clients entreprises des mécanismes de gestion de trésorerie et des liquidités d’entreprise beaucoup plus sophistiqués, basés sur l’automatisation et la digitalisation. De nouvelles capacités sont nécessaires pour relever les défis combinés que constituent les taux d’intérêt négatifs, les restrictions sur la centralisation de trésorerie multi-devises et transfrontalière, les attentes croissantes en matière de libre-service et pour faire bénéficier les trésoriers d’entreprise de l’efficacité interfonctionnelle. En même temps, les institutions financières ont soigneusement consolidé leurs bilans et dynamisé les efficiences opérationnelles, afin d’être suffisamment fortes pour faire face à un environnement économique incertain.

Dans ce contexte, la Société Générale a choisi Intellect iGTB pour son système LMS (Liquidity Management System), référence mondiale des systèmes de gestion des liquidités.

Le système LMS d’iGTB et sa suite de produits de gestion des liquidités, ont été conçus sur la prémisse selon laquelle chaque euro de liquidité de l’entreprise finira éventuellement par constituer un euro de responsabilité bancaire. Référence de sa catégorie du système LMS, la centralisation en temps réel est complétée par un éventail d’outils. Ils permettent au trésorier de l’entreprise d’assurer la gestion 100 % automatisée des liquidités sur de multiples comptes, entités, devises, régions et établissements bancaires. Pour étayer la relation symbiotique entre le trésorier d’entreprise et la banque, la suite Liquidity Management de gestion des liquidités d’iGTB est dotée de fonctions pour améliorer les métriques du bilan de la banque et, simultanément, fournir la valeur qui convient aux liquidités et dépôts de l’entreprise

En adéquation avec sa stratégie centrée client et d’accroissement de l’efficience opérationnelle, la Société Générale est particulièrement favorable à cette coopération avec iGTB, grand habitué de l’accompagnement des grandes banques mondiales. Société Générale est convaincue qu’ils sauront, ensemble, faire bénéficier ses clients entreprises des meilleures solutions disponible.

Manish Mais qu’en dit Manish Maakan, PDG d’iGTB « Ce contrat montre une fois de plus à quel point iGTB, en partenariat avec des banques de référence comme la Société Générale, est le leader du marché dans le domaine de la gestion des liquidités. En choisissant iGTB pour accompagner la Banque dans son parcours de transformation digitale et ses plans de croissance, Société Générale montre sa volonté d’améliorer le niveau de satisfaction de ses clients tout en préparant l’avenir. Avec ce nouveau partenariat de gestion des liquidités, quatre des six plus grandes banques d’Europe sont désormais clients d’iGTB. Il renforce notre position de partenaire de choix des plus grandes institutions financières mondiales et confirme notre statut de leader mondial de la gestion des liquidités et des transactions bancaires. »

La solution de gestion des liquidités d’iGTB est une plateforme de gestion des liquidités 100 % disponible dans le cloud. Elle se compose notamment de fonctionnalités de base prêtes à l’emploi telles que le balayage de trésorerie, la centralisation notionnelle, les prêts interentreprises, les balayages d’investissement, le traitement de valeur liquidative de fonds, le suivi des liquidités en temps réel et les toutes dernières trouvailles en matière d’expérience utilisateur client. LMS est le leader du secteur pour les banques qui proposent des produits de liquidité aux clients entreprises. Balayant chaque année plus de 4 trillions USD en espèces, attribuant des intérêts sur 35 trillions USD de soldes de cash pooling notionnel et autorisé par plus de 40 institutions financières à l’échelle mondiale, LMS s’acquitte d’une expérience client supérieure, sophistiquée, multi-comptes, multi-entités, multi-devises, multi-régions, multi-comptes de dépôt à vue et multi-banques. Présent dans 57 pays, LMS a prouvé sa capacité de respecter différentes exigences réglementaires, fiscales et juridiques à l’international.

Au sujet d’iGTB
The World Best Corporate Banks Bank on iGTB

iGTB est le chef de file mondial des plateformes intégrales de transaction bancaire d’Intellect. Il aide les banques d’affaires à se préparer en vue d’une nouvelle ère de services centrés client. Proposant une vaste gamme de produits de transaction bancaire couvrant Digital Transaction Banking, les paiements, les liquidités, le commerce et la chaîne logistique, iGTB fait autorité dans le domaine des produits verticaux et intégrés permettant aux banques de réaliser leur ambition de devenir le banquier principal de leurs clients entreprises.

iGTB intègre de manière transparente les besoins transactionnels des clients entreprises, qu’elle ravit avec Contextual Banking Experience (CBX). Cette plateforme de transaction bancaire digitale en marque blanche pour la gestion de trésorerie et des transactions des entreprises tire parti du Machine Learning et de l’analyse prédictive, via des API et l’expérience utilisateur omnicanal. Pour de plus amples détails sur iGTB, visitez https://www.igtb.com/.

À propos d’Intellect Design Arena Limited

Intellect Design Arena Ltd, plateforme Fintech cloud-native, prête pour l’avenir et multiproduits au service des clients chefs de file mondiaux du secteur de la finance et des assurances, dessert l’éventail complet de sociétés de produits technologiques bancaires et d’assurance, sur l’ensemble des activités de banque de détail, de banque centrale, de transactions bancaires mondiales (iGTB), de risque, trésorerie et marchés et d’assurance. Plus de 25 ans d’expertise sectorielle approfondie faitd’Intellect la marque privilégiée par les institutions financières progressives dans le cadre de leurs initiatives de transformation digitale

Intellect se base sur le design thinking pour créer des produits et solutions à la pointe des connaissances destinés aux banques et assurances, en faisant de la conception son principal facteur de différenciation dans la réalisation de la transformation numérique. FinTech 8012, premier centre de design au monde consacré à la technologie financière, reflète l’engagement d’Intellect vis-à-vis de l’innovation continue et percutante comme moyen de traiter la nécessité croissante d’intégrer la transformation numérique. Intellect dessert plus de 240 clients dans des bureaux implantés dans 91 pays, grâce à un effectif diversifié d’architectes de solutions, d’experts de domaine et technologiques dans les grands centres financiers du monde entier. Pour en savoir plus sur l’organisation et ses solutions, visitez www.intellectdesign.com. Pour en savoir plus sur les solutions de transactions bancaires proposées par iGTB, visitez https://www.igtb.com/

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