Banks catch up with Amazon and Netflix as iGTB’s CBX 18 launches the contextual revolution

iGTB’s comprehensive digital transaction banking platform understands and anticipates the needs of corporate clients and uses this to recommend optimal actions – an approach dubbed “contextual banking”

London (UK), October 17 2017: iGTB, the transaction banking and technology specialist from Intellect Design Arena Limited, has launched the era of “contextual” banking with the release of new corporate banking platform CBX 18. Standing for “Contextual Banking eXperience”, the platform not only provides seamless digital execution across the full range of transaction banking actions, but – uniquely – also offers instant and intelligent recommendations as to the best actions available to banking clients.

“Finally, a transaction banking solution that gets it!” says Manish Maakan, CEO of iGTB. “For years, banks have drawn their clients into the esoteric world of BACS, CHAPS, wires and GIROs. But all a client wants is to move money – asking them how they want it done is like an airline asking its passengers what fuel they want.”

CBX 18 moves transaction banking into the territory of customer-service champions such as Amazon and Netflix – using information on the client and its context to understand and anticipate their needs. An intelligent algorithm then calculates the optimal action based on their specific situation and preferences. iGTB calls this approach “contextual banking”.

“We’re not kidding around when we compare this platform to Netflix,” adds Michel Jacobs, Global Sales Head and Head of Digital & Payments, iGTB. “We have actually built in open-source software from Netflix as part of the solution. And we haven’t added it unthinkingly – we’ve examined it, evaluated it, and improved it.”

In addition to this revolutionary automated-advisory component, CBX 18 is also highly scalable and uses open APIs to enable bank clients to plug in the services of their favourite fintech partners.

“This platform is an accelerator for banks looking to take control of their digital strategy,” says Jacobs. “It is fully digitalised, cloud-ready, has an open, API-enabled, architecture and does everything banks need to address regulations such as PSD2 and Basel III. At the same time, it also creates spectacular cross- and up-selling opportunities by recommending the optimal course of action even when it isn’t part of a bank client’s existing service agreement.”

With bank strategy in mind, the platform can be implemented either wholesale or with just a subset of functionalities – depending on the need. In any case, implementation can be carried out rapidly.

CBX 18 has currently been adopted by a number of innovative banks – with Global, European & Asian operations.

About Intellect Design Arena Ltd:
Intellect Design Arena Ltd, a specialist in applying true digital technologies, is the world’s first full spectrum Banking and Insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets (iRTM), and Insurance (Intellect SEEC). 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 for cutting-edge products and solutions for Banking and Insurance, with design being the company’s key differentiator in enabling digital transformation. FT8012, the world’s first design centre for Financial Technology, reflects Intellect’s commitment to continuous and impactful innovation to address the growing need for digital transformation. Intellect generates annual revenues of more than USD 124 million, serving more than 200 customers through offices in 40+ countries and with a diverse workforce of more than 4,000 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 intellectdesign.com. For information on the solutions for global transaction banking, please visit igtb.com

Bangkok Bank to launch faster, better, more international services – signs deal with Intellect Design to implement its iGTB Digital Transaction Banking Platform

iGTB’s new platform will be part of a comprehensive digital transformation under way at Thailand’s premier corporate bank – offering new, consistent, and UX-optimised services to its international corporate clients

London (UK) & Chennai(India), October 16, 2017: iGTB, the transaction banking and technology specialist from Intellect Design Arena Ltd, has been selected by Bangkok Bank, Thailand’s market leader in corporate and small and medium-sized enterprise (SME) banking, as a technology partner to implement a comprehensive cash management platform and corporate portal.

The self-service digital portal will integrate a number of previously separate platforms, giving the bank’s clients – from SMEs through to multinational corporations – a consistent and consolidated view of their working capital and payments activities, irrespective of the country they operate in.

The solution will also provide considerable benefits for the bank, with back-end processing of transactions, risk management and reporting all centralised and handled in one place – leading to vast improvements in STP rates.

Thanit Sirichote, EVP, Corporate Cash Management at Bangkok Bank, says: “This partnership is a serious statement of intent, and an important component of the broader digital transformation that is underway at the Bank. We will be offering our corporate clients, of all sizes, better, more comprehensive, and more tailored services that increasingly use data analytics to get to the heart of what they are trying to achieve and how best to support them.

“This solution will also give us a much greater capacity to serve clients internationally – meaning they can consolidate their banking relationships, minimise costs, and access a suite of highly relevant products, all through a single, easy-to-use portal.

Manish Maakan, CEO of iGTB, adds: “This is a key strategic step for iGTB – our first Global Transaction Banking deal in Thailand, signed with the largest commercial corporate bank in the country. Building on our presence in Singapore and Malaysia, this is a statement of our wider ambitions across the region, and we’re delighted that our unique CBX18 based Contextual Banking approach will help Bangkok Bank with their digital transformation. This won’t simply be a “get in, get out” technology implementation, it’s a joint effort where we offer our transaction banking thought leadership and expertise to ensure Bangkok Bank are strategically positioned for the long term.”

“We are delighted to be a part of Bangkok Bank’s transformational journey!, said K. Srinivasan, President, Emerging Markets , Intellect Design Arena. “This prestigious partnership with Bangkok Bank, Thailand validates our position as the preferred transaction banking specialist in the Asia Pacific region. Intellect will assist Bangkok Bank in its digital journey by proving real-time, flexible, and automated banking processes to maximise operational efficiency and provide best-in-class customer service.”

About Bangkok Bank:
Established in 1944, Bangkok Bank is one of the largest regional banks in Southeast Asia with total assets of 3,041,132 Million Baht (approximately USD 91 billion). Bangkok Bank is Thailand’s market leader in corporate and SME banking with the country’s largest retail customer base, approximately 240 business centres and business desks, and a nationwide network of over 1,200 branches.

Bangkok Bank has the largest overseas branch network of any Thai bank and is the only Thai bank with a substantial presence in China, with branches in Beijing, Chongqing, Shanghai, Shanghai Free-trade Zone, Shenzhen and Xiamen. The bank’s overseas branch network spans 15 economies, namely Cambodia, Cayman Islands, China, Hong Kong, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore, Taiwan, United Kingdom, United States and Vietnam. This network includes 32 branches and two wholly-owned subsidiaries, Bangkok Bank Berhad (BBB) and Bangkok Bank (China) Company Limited (BBC).

Bangkok Bank offers full commercial banking services, including arranging syndicated loans, debt securities underwriting, trade finance, project finance, custodial services, SME and merchant services and specialist industry advice. The bank’s ongoing market leadership is due to its philosophy of developing a long-term supportive partnership with its customers. The complementary synergies between its corporate banking, investment banking, international banking, business and personal banking services enable the bank to offer personal and focused service as well as an impressive breadth and depth of services. Subsidiaries such as Bualuang Asset Management and Bualuang Securities PCL also enable the bank to develop investment opportunities which are available exclusively to Bangkok Bank customers.

About Intellect Design Arena Ltd:
Intellect Design Arena Ltd, a specialist in applying true digital technologies, is the world’s first full spectrum Banking and Insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets (iRTM), and Insurance (Intellect SEEC). 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 for cutting-edge products and solutions for Banking and Insurance, with design being the company’s key differentiator in enabling digital transformation. FT8012, the world’s first design centre for Financial Technology, reflects Intellect’s commitment to continuous and impactful innovation to address the growing need for digital transformation. Intellect generates annual revenues of more than USD 124 million, serving more than 200 customers through offices in 40+ countries and with a diverse workforce of more than 4,000 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 intellectdesign.com. For information on the solutions for global transaction banking, please visit igtb.com

For further information, please contact:

Europe: Fred Hendry, Moorgate Communications

+44 (0)20 7377 4997, fred.hendry@moorgategroup.com

Rest of the world: Nachu Nagappan, Intellect Design Arena Ltd

+91 89396 19676, nachu.nagappan@intellectdesign.com

Second iGTB Oxford School of Transaction Banking course a roaring success

Transaction-banking instructive event looks at the industry as a design challenge and provides design frameworks

Banks who see an opportunity to improve corporate satisfaction levels and believe the potential of this stable core pillar of banking is still much-untapped are targeted by this event, which highlights how, despite shrinking budgets and increasing burdens and constraints, transaction banks can profit. The answer – according to the iGTB Oxford School of Transaction Banking – lies in approaching the discipline via design thinking. Constitute

Oxford, England, 12 June 2017:

Following the highly-successful inaugural school in 2016, Intellect Global Transaction Banking (iGTB) and the Roosevelt Group are pleased to announce successful completion of the 2017 Oxford School of Transaction Banking.

Last year’s school was well received by attendees drawn from across the financial services sector, achieving a magnificent Net Promoter score of 73%. This year continued the superlative feedback, with every session rated for satisfaction at 82% or over, all responses agreeing they would recommend the course, and a third of them rating this as 10/10. Comments included “It has been an amazing opportunity to meet some great minds in transaction banking, listen to many inspiring speakers and relearn the way we think about setting up a transaction bank” (Associate Director Global Transaction Banking, top Japanese bank), “Learning about the other banks and iGTB’s tips for Design Thinking were very insightful” (Director, Head of Commercial Banking Corporates, large German bank) and “Very insightful & eye-opening. Learnt very many new things applicable to my daily role profile” (Head of Transaction Banking, large African Bank).

Nearly 40 senior transaction bankers joined the course from all over the world which aims to improve the day-to-day running of their franchise by following the curriculum. Ashok Vaswani, CEO, Barclays UK, who was the guest graduation dinner keynote speaker, said: “With so much rapid change in our industry it is really important to undertake continual professional development and lifelong learning. Successful events like this encourage all of us to keep on learning in our careers.”

Enhanced by practical design insights from a stellar cast of been-there done-that experienced bankers, the course both shares best practices and allows the participants to test their own designs in practical exercises using “Design Thinking” principles – all aimed at providing optimal solutions that address the key challenges in the transaction banking arena, as well as understand how transaction banking is impacted by digital, by innovation, by economics, by marketing and by CEOs’ attitudes.

Ted Roosevelt Malloch, Programme Director, Chief Executive Officer of the Roosevelt Group, and Professor of Strategic Leadership and Governance at Henley Business School, said: “Transaction banking is a core banking service that is entering a new phase of relevance, with increasing customer expectations around new services and more sophisticated usability. Our curriculum is structured to enable market professionals to broaden their education and to better prepare them to identify and realise the potential in the transaction banking market.”

Manish Maakan, Chief Executive Officer of iGTB, Intellect Design Arena added: “The previous Oxford event proved to be a ground-breaking and compelling event for the transaction banking sector, as evidenced by overwhelmingly positive feedback from last year’s attendees. Our aim is to continue to raise the profile of an area of business that is growing in importance for the banking industry and to highlight some of the pressing issues and concerns market participants are dealing with on a daily basis. We are truly excited and proud to continue our involvement.”

The course also involves a networking and cultural programme and a growing alumnus community.

About the Oxford School of Transaction Banking:
The school, founded in 2016, has the aim of “helping senior transaction bankers to run, day-to-day, a successful transaction banking franchise.” It is open only by invitation and only to heads of cash management, payments, liquidity, trade finance, supply chain finance (or equivalents) or above, in banks anywhere in the world. In 2017 participants registered from Canada, Germany, Ghana, Indonesia, Japan, Kenya, Kuwait, Malaysia, Qatar, Saudi Arabia, Tanzania, Thailand, UAE, UK and Vietnam.

It is an intensive course based on Design Thinking featuring a curriculum based on a three-level maturity model and six design levers, exercises where scholars practise using Design Thinking on real case studies, case studies of specific banks presented by the leaders in the banks who executed them, additional speakers covering digital, economics, what CEOs want, marketing and in 2017 keynote speakers included Lord Wei, the first British-born person of Chinese origin to have become a member of the House of Lords, and Ashok Vaswani, CEO, Barclays UK. The school takes place in the prestigious Rhodes House, Oxford, finishing at the exclusive Oxford and Cambridge Club in London, and also features a networking and cultural programme including South African jazz, a private tour of Oxford and a private viewing of the Degas and Picasso exhibition. Finally, alumni have private access to a site featuring prime content on transaction banking. The course ran between 26 and 29 April 2017 and continues to be sponsored by iGTB, with both iGTB and the Roosevelt Group formulating and moderating it.

About Intellect Design Arena Limited:
Intellect Design Arena Ltd, a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC). Intellect has created digital products & solutions for Banking and Insurance. FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit http://www.intellectdesign.com/

Disclaimer:
Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India and the National Stock Exchange of India Limited and the BSE Limited (Stock Exchanges). The DLOF is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Manager at www.sparkcapital.in Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.

About The Roosevelt Group:
The Roosevelt Group is a consulting firm that offers expertise to clients in a variety of fields, including strategic consulting, advocacy, federal business development and strategic communications services on a wide range of public policy issues. Through a collaborative approach to government relations, Roosevelt’s dedicated team specialises in helping clients achieve their business, legislative and policy objectives.

iGTB Oxford School of Transaction Banking – 2017

The second edition of the iGTB Oxford School of Transaction Banking ran between 26 and 29 April 2017 was a roaring success, Nearly 40 senior transaction bankers from Canada, Germany, Ghana, Indonesia, Japan, Kenya, Kuwait, Malaysia, Qatar, Saudi Arabia, Tanzania, Thailand, UAE, UK and Vietnam participated in this years course.

Founded in 2016, has the aim of “helping senior transaction bankers to run, day-to-day, a successful transaction banking franchise.” It is an intensive course based on Design Thinking featuring a curriculum based on a three-level maturity model and six design levers, exercises where scholars practise using Design Thinking on real case studies, case studies of specific banks presented by the leaders in the banks who executed them, additional speakers covering digital, economics, what CEOs want, marketing

The school takes place in the prestigious Rhodes House, Oxford, finishing at the exclusive Oxford and Cambridge Club in London, and also features a networking and cultural programme including South African jazz, a private tour of Oxford and a private viewing of the Degas and Picasso exhibition.

Intellect signs multi-year deal with one of the “Big Four” in Australia to provide a digital solution for business and retail banking

Intellect will provide the Bank with digital solution for its Treasury, Trade Finance and Retail remittance services for a portion of its offshore business, along with 10 years of dedicated maintenance and technical support

London and Sydney, May 24, 2017: Intellect Design Arena Limited, a digital technology product provider across Banking, Financial Services and Insurance, has signed a 10 year deal with one of Australia’s “Big Four”, to implement its integrated trade finance, treasury and retail remittance solution for the Bank’s corporate and retail customers in one of its offshore regions.

The solution encompasses a modular, SOA enabled, web-based and platform independent architecture that will replace a legacy system which is more than two decades old. This will streamline the Bank’s back-office processes to facilitate straight-through processing across all the business divisions. The solution is expected to be able to provide 360 degrees of visibility around workflow for the Bank’s separate teams in trade finance, retail remittance and treasury, where operations often intersect. Crucially, the Bank will be able to pass these efficiencies onto its customers.

The Bank has also entrusted Intellect with solution’s maintenance and technical support – beginning a 10-year relationship between the two firms.

Anil Verma, Executive Director of Intellect, says: “This landmark deal with one of Australia’s leading banks to implement our digital solution covering a large functional arena of Trade Finance, Treasury and Retail Remittance is a testament to our architectural ability and product design. We look forward to a long and successful partnership.

About Intellect Design Arena Limited:
Intellect Design Arena Ltd, a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC). Intellect has created digital products & solutions for Banking and Insurance. FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit http://www.intellectdesign.com/

DISCLAIMER: ‘Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India and the National Stock Exchange of India Limited and the BSE Limited (Stock Exchanges). The DLOF is available on the website of the SEBI at www.sebi.gov.inas well as on the websites of the Lead Manager at www.sparkcapital.in Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision’.

Intellect # 2 in the world in Digital Banking

Chennai (India), May 17, 2017 Intellect Design Arena Ltd, a digital technology product provider across Banking, Financial Services and Insurance, is ranked #2 in the Digital Banking & Channels in the world by IBS Intelligence in their IBS Annual Sales League Table 2017 among 17 fintech suppliers across the globe. IBS SLT is the acknowledged barometer for international banking systems sales activity for the last 16 years.

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets. IBS SLT 2017 highlights the growing role of emerging markets in shaping global banking technology demand and the rise of neo-banks along with the changing dynamics in the fintech industry.

Commenting on Intellect’s performance, IBS said, “Two systems of Intellect Design Arena – Intellect Digital Core and Intellect Payments – took leadership position in the IBS’ Sales League Table 2017 in the Retail Banking Systems and Payments Systems categories, respectively. Intellect Design also took runners up position in the Digital Banking Systems category with its Intellect Digital Banking Exchange system. All three systems are now part of the IBS SLT 2017 Leadership Club.”

Digital disruption is redefining the banking experience. Financial institutions around the world are embracing digital for competitive advantage. According to an industry report ‘Digital can transform the business of banking, with the potential to drive up return on equity (ROE) by more than 5 percent for both mature or emerging market banks.’ Today banks are increasingly looking beyond traditional back office technologies and are increasing their investment in the mobility, payments and analytics, a growing trend which was showcased in this year’s IBS SLT 2017.

Commenting on the ranking, Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “We are delighted to see Intellect ranked #2 in Digital Banking & Channels in IBS SLT 2017. This recognition has provided the right kind of tail winds for our journey. Digital has re-defined the banking services, robust technology platforms are becoming the enablers in providing superior customer experiences. Big Data, Block chain and Artificial intelligence (AI) will be the drivers in fintech in the coming years. We would like to thank our customers for their trust in us and making us part of their Digital Transformation journey.”

About IBS intelligence and IBS Sales League Table:
Established in 1991, IBS Intelligence (www.ibsintelligence.com) (www.ibsintelligence.com) is the definitive source of independent news, analysis & research relating to global financial technology markets. IBS has an integrated offering including a comprehensive research portfolio, and a range of value added services. This also includes its iconic monthly publication – IBS Journal and the Annual IBS Sales League Table. IBS’s Value-Added-Services include Analyst Inquiry Blocks, Advisory Days, Thought Leadership Papers, IBS DealVision, which enables users to slice and dice Global Banking System Deals and an innovative CedarIBS FinTech Index – the first global index of FinTech stocks. IBS has designed customized offerings for banks, suppliers, consultants and private equity funds that can be further fine-tuned to address client needs.The Annual IBS Sales League Table, an important part of the IBS Journal offering is universally acknowledged as the barometer for international core banking systems sales activity. The table is compiled each year from submissions from each supplier detailing the names of the banks that have bought their systems in the year.

About Intellect Design Arena Limited:
Intellect Design Arena Ltd, a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC). Intellect has created digital products & solutions for Banking and Insurance. FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit http://www.intellectdesign.com/

Disclaimer:
‘Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India and the National Stock Exchange of India Limited and the BSE Limited (Stock Exchanges). The DLOF is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Manager atwww.sparkcapital.in Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.’

iGTB Supply Chain and Trade – Better deals for your customers. Better ROE and money making insights


Supply chain finance solutions utilize technology to automate the best financing programs for the various stakeholders within a supply chain, speed up transaction processing and cover the entire cycle from initiation to settlement of invoices. Discover how iGTB can help Banks use these solutions to provide the best financing options to suppliers and buyers to optimize their working capital.

iGTB Commercial risk solution – Credit, Compliance & Operational Risk Management


Banks are moving towards smarter and faster credit appraisal which will ultimately result in a better loan book with lower NPAs. Standardizing origination processes across commercial loans, trade finance, guarantees, supply chain finance and other areas using rule-based and process-based technology will improve operational efficiency and reduce credit risk. iGTB commercial risk suite of products show you how.

Raiffeisen chooses iGTB to provide digital trade finance platform

London (UK), March 08, 2017

iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, five Austrian Raiffeisen Regional Banks (Raiffeisenlandesbank Niederösterreich-Wien AG, Raiffeisen-Landesbank Steiermark AG, Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, Raiffeisen-Landesbank Tirol AG and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung) and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade finance platform.

The deal includes provision of both an advanced and intuitive client portal, as well as a full digital back-end infrastructure, thereby standardising Raiffeisen’s operations across numerous legal entities and client segments and providing guarantees, letters of credit, collections and financings through efficient digital channels.

The iGTB solution enables Raiffeisen to automate its operations better and adapt to continuing business and market demands. This includes the specifications for SWIFT’s upcoming trade finance changes in 2018 and 2019 further simplifying operations and reducing costs for the banks.

Sabine Zucker, Division Head Trade Finance & Transaction Banking Raiffeisen Bank International says: “This is an important programme for us, driving not only excellence and important improvements in our offering to clients, but also digitising and streamlining our internal processes and creating further efficiencies. iGTB’s technology will help us harmonising our processes as well as reducing risk and complexity in our operating model, with the concomitant benefits to our clients.”

Hans-Jörg Preining, Division Head of Operations, Raiffeisen Landesbank Oberösterreich Aktiengesellschaft:“Replacement of our current IT-system and selection of iGTB as partner for this important IT-project allows us to improve services not only for our clients but also for our partner banks (our shareholders) for whom we already handle international documentary business. Our aim is not only to harmonise processes, increase efficiency, continue to meet internal and external regulatory requirements but also to be and remain fit for the future. We are convinced that in having selected iGTB as partner for this project, we will be able to strengthen our current position in the market.”

We are delighted to be working with Raiffeisen and helping them with their trade finance services. We have always believed it possible to simplify complex and disparate processes and build our software this way. Raiffeisen were pleased with this, and the opportunity it gives them to bring even more solid benefits to their customers. This deal also represents an important milestone for us as we increase our existing presence in Europe,” adds Manish Maakan, CEO of iGTB.

About Intellect Design Arena Limited:
Intellect Design Arena Ltd, a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC). Intellect has created digital products & solutions for Banking and Insurance. FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit http://www.intellectdesign.com/

About RBI:
Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe as its home market. 14 markets of the region are covered by subsidiary banks. Additionally, the Group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as mergers and acquisitions. In total, around 51,000 employees service 14.2 million customers through around 2,600 business outlets.

About Raiffeisenlandesbanks:
Raiffeisenlandesbanks are major shareholders of Raiffeisen Bank International AG (RBI). They are not only handling their own documentary business, but are also servicing local Raiffeisenbanks in handling foreign trade operations for their clients.

Disclaimer:
‘Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India and the National Stock Exchange of India Limited and the BSE Limited (Stock Exchanges). The DLOF is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Manager at www.sparkcapital.in Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.’

Al Rajhi Bank Partners Intellect to provide Next-generation Banking Services

London (UK), February 13, 2017:
iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, has signed a deal with Al Rajhi Bank, the largest Islamic bank in the world by assets, in order to implement a comprehensive digital transformation of its corporate and retail banking services in Malaysia.

The transformation, set to begin this month, is designed to provide customers of Al Rajhi Banking & Investment Corporation (Malaysia) Berhad, ARBM, with a much simpler but richer banking experience based on a comprehensive, front-to-back solution, freed from the physical limitations of branch-based banking. The move will allow ARBM to reach new customers across Malaysia efficiently through modern online, mobile and tablet banking applications, while the bank plans to retain the personal touch with a mobile sales force and pop-up branches.

ARBM Chief Executive Officer, Steve Chen, said “This digital transformation will give our clients a new level of control over their banking activities. It not only enables them to manage their accounts regardless of location, but also gives them access to new and enhanced services. We are excited to partner with Intellect, whose comprehensive solution for both our corporate and retail businesses make it an excellent fit for this important initiative which coincides with ARBM’s 10 years of operation in Malaysia. The move should also put ARBM on the path to achieve our goal to double transaction banking business yearly for the next three years.”

Intellect’s digital solutions will include a consistent and full-scope, internet, mobile, and tablet banking capability for ARBM’s corporate and retail customers, enabling clients and their relationships managers to act, transact and interact on the go and initiate products in real time. It assures a seamless experience across channels providing ease of banking and provides save-and-resume functionality that smoothly facilitates transaction from branch to mobile; and from device to device. The Bank’s corporate clients will also have access to fully digitised customer on boarding and cash management services, as well as advanced liquidity services such as sweeping, pooling, intercompany lending and overnight investment sweeping.

Manish Maakan, CEO of Intellect’s Global Transaction Banking division (iGTB), adds, “Al Rajhi Bank’s digital transformation in Malaysia is an excellent example of our ability to zero in on the needs of both our clients and our clients’ clients. With the help of Intellect’s agile delivery and rapid deployment, our comprehensive set of digital solutions will give Al Rajhi the opportunity to rationalise its operations and expand its geographical reach, while at the same time putting highly sophisticated tools at the fingertips of its clients.”

About Intellect Design Arena Limited
Intellect Design Arena Ltd, a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC). Intellect has created digital products & solutions for Banking and Insurance. FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit http://www.intellectdesign.com/

About Al Rajhi Bank Malaysia
Al Rajhi Bank Malaysia, a wholly owned subsidiary of the world’s largest Islamic bank, Al Rajhi Bank, Kingdom of Saudi Arabia, was locally incorporated in October 2006. Following its official launch in 2007, Al Rajhi Bank Malaysia became the first Arab bank to start its operations in South East Asia, as part of a Shariah compliant banking group that is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.

Deeply rooted in Islamic banking principles and operating on the same platform as its home bank, Al Rajhi Bank Malaysia was established on the bedrock values of Truth, Honour and Respect. The Bank continuously endeavours to expand its suite of products and services to meet the financial needs of its customers, delivering innovative Shariah compliant financial solutions across retail, corporate, treasury and investment segments. Today, Al Rajhi Bank Malaysia operates through a distribution network of 24 branches and offsite Automated Teller Machines nationwide.

Disclaimer
Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of the SEBI at www.sebi.gov.in as well as on the website of the Lead Manager at www.sparkcapital.in Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section entitled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.’