Middle East’s 2nd Largest Financial Institution chooses iGTB LMS

Middle East’s Second-Largest Financial Institution chooses iGTB’s integrated Liquidity Management Solution to power digital transformation

Dubai, 20th March, 2020: iGTB, the world’s first complete Global Transaction Banking Platform from the house of Intellect Design Arena Limited, today announced that Middle East’s second-largest bank has expanded its relationship with iGTB LMS to enhance the bank’s liquidity management capabilities.

The Liquidity Management Solution from iGTB empowers corporate treasurers with pooling, sweeping, intercompany loans and virtual accounts, as well as policy-driven automated investment sweeps, cash flow forecasting and real-time funds checking. The system delivers sophisticated automation and comprehensive analysis for more informed decision within corporate treasury departments. iGTB is the market leader in corporate liquidity management and partners banks worldwide. Its applications for transaction banking sport a world-class comprehensive digital, self-service, front-end that delivers a faster, simpler and seamless experience to help banks gain and retain corporate clients.

Middle East's 2nd Largest Financial Institution chooses iGTB Liquidity Management Solution

“We are delighted to extend our partnership with second-largest bank in the Middle East, and this significant expansion in liquidity management capabilities underlines our market leadership in the Middle East, with iGTB being the preferred go-to partner for transaction banks. The deal win reinforces how much the world’s best corporate banks, bank on iGTB,” said Manish Maakan, CEO, iGTB. He further added, “The implementation of the latest enhancements to the bank’s liquidity management capabilities will boost the bank’s product innovation and allow for operational excellence, enabling it to prepare for future growth and expansion.”

iGTB’s proven Liquidity Management Solution is already used by several other UAE banks, which are also users of iGTB’s Digital Transaction Banking suite, illustrating the attraction of consolidating IT estates and the strength of iGTB in the Middle-East. More than 30 other global banking groups are benefitting from this world-leading solution which handles 23% of the world’s cross-border MNC sweeping structure flows and is present in more than 70 countries with regulatory and regional tax compliance options to ensure a smooth operation and strong corporate governance.

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 help Corporate Banks prepare for a new era of customer-centric Services. With a rich suite of transaction banking products, across DTB, Payments, Liquidity, Trade and Supply Chain Supply, 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 centre 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/.

For Media related info, please contact:

Nachu Nagappan
Intellect Design Arena Ltd
Mob: +91 89396 19676
Email: nachu.nagappan@intellectdesign.com

For Investor related info, please contact:

Praveen Malik
Intellect Design Arena Limited
Mob: +91 89397 82837
Email: Praveen.malik@intellectdesign.com

Habilitar el contexto empresarial en los pagos

La modernización de los pagos ha abierto un nuevo mundo de posibilidades en múltiples geografías. Se están introduciendo en varios mercados, nuevas plataformas de pagos, desarrolladas a través de sofisticadas tecnologías, con robustos entornos de seguridad.

El Informe:

– Define la necesidad de ser contextual y por qué es relevante en los procesos de pago
– Describe las principales tendencias y comportamientos que están conduciendo a la necesidad de contextualizar los pagos
– Proporciona distintas visiones sobre cómo la disponibilidad de datos y herramientas asociadas (ML, IA, etc..) están acelerando la habilidad de ser contextual con mayor rapidez
– Proporciona varios ejemplos sobre cómo los bancos pueden iniciar progresivamente el proceso de transformación para contextualizar los pagos, y posteriormente expandirse hacia una banca contextual
– Ilustra sobre el paradigma del cambio de arquitectura que podrá hacer esto posible

Por favor, cumplimente el formulario para descargar el informe “Habilitando el Contexto Empresarial en los pagos”



iGTB-powered Abu Dhabi Islamic Bank Wins Aite Group’s 2019 Cash Management and Payments Innovation Award for Customer Experience

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, are delighted to congratulate UAE’s leading financial institution Abu Dhabi Islamic Bank (ADIB) for winning the Aité Group’s 2019 Cash Management and Payments Innovations Award for Customer Experience through their flagship platform, ADIB Direct, across web, mobile and watch.

iGTB’s Digital Transaction Banking platform prepares transaction banks to provide for every client’s and every sector’s needs with a configurable and intelligent platform that encompasses every aspect of transaction banking. With DTB, transaction banks can successfully optimize capital, maximize ROA and fee income, improve product cross-sell & distribution channel effectiveness, ensure regulatory compliance and support SME franchise and growth sectors (through working capital provisioning and advisory services) as well as empowering larger corporates, including up to multinationals.

ADIB received this award for demonstrating innovation through technology to offer a differentiated user experience that aligns with the needs of today’s business owners and corporate treasurers.

The well-known Aité Group recognizes financial institutions that leverage innovative technology. The awards program honours financial institutions that are introducing new products, capabilities or levels of automation and effectiveness that brings the industry one step closer to next-generation banking.

Haytham Elmaayergi, Global Head of Transaction Banking at ADIB, said: “We are delighted to be recognized by Aité.  This award is testament to the work being done at ADIB to improve the user experience. Our focus on technology-driven innovation will continue to further improve the customer experience for our Business Banking customers and our partnership with iGTB in the implementation of our digital transformation strategy will help us boost the bank’s productivity and efficiency.”

ADIB Goes Live with Intellect’s, Digital Transaction BankingManish Maakan, CEO, iGTB said, “Our vision is to deliver cutting-edge products and solutions, with design being the key differentiator in enabling digital transformation. We are delighted that ADIB has won this exemplary recognition, joining the growing ecosystem of award-winning banks who partner with iGTB.  The evidence further shows that the world’s best corporate and transaction banks succeed across the world in partnership with iGTB.”

“Abu Dhabi Islamic Bank’s decision to invest in its digital capabilities has enabled it to differentiate itself among its christine-barrypeers and create a consolidated experience with unique attributes that enhance end-user efficiency and value,”said Christine Barry, Research Director at Aité Group. She added, “ADIB’s rollout of iGTB’s new digital platform has streamlined and enhanced customers’ user experiences, providing easy access to the most critical products through multiple channels”

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 centre 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 240 customers through offices in 91+ countries, with a diverse workforce of more than 4,000 solution architects, domain specialists, and technology experts in key financial hubs around the world. For further information about the company and the various solutions it offers, please visit www.intellectdesign.com. For further information about the transaction banking solutions offered by iGTB, please visit https://www.igtb.com/.

Aite Impact Brief on Abu Dhabi Islamic Bank: Digital Banking and Bank Office

https://www.aitegroup.com/report/abu-dhabi-islamic-bank-digital-banking-and-bank-office

 

iGTB Oxford School of Transaction Banking debuts in Middle East

 Oxford School of Transaction Banking debuts in the Middle East

  • An exclusive “by-invitation” networking event exposed insights from leading corporations about their banking needs
  • Held at the picturesque Palm Jumeirah, Dubai, senior transaction bankers from the Middle East also met with the alumni of the School to get a glimpse into the immersive learning experience offered for senior transaction bankers

Dubai, 07 February, 2020: Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, today announced that its first iGTB Oxford School of Transaction Banking Alumni & Networking Event was held on 22 January, 2020 in Dubai, attracting 40 top bankers from 16 banks across the Middle East.

The afternoon and evening gave a unique opportunity for senior transaction banking executives to rekindle old friendships and interact with fellow graduates from the six incarnations of the School, which achieved NPS scores up to a stunning 94.4%. More importantly, learn from the personal journeys of their fellow graduates as they continue to develop winning strategies, improve decision-making capabilities and manage organisation-wide change in their banks, since graduating from the program.

The participants gained key insights into the immersive learning experienced by executive-level practitioners of transaction banking and got an exclusive opportunity to interact with leading corporates of the region with business interests ranging from retail, steel, healthcare, transportation, oil, steel and even diamond trading!

The special guest speakers including the alumni of School, Landmark Group, Diarough, Afri Ventures, Conares and SOCAR Trading shared their opinions. Additionally, Dr Tobias Miarka, MD, Greenwich Associates(the highly respected global financial services research firm)along with Gaurav Arora, Head – Corporate & Institutional Banking, Greenwich Associates presented the latest trends which have helped them succeed in transaction banking in the Middle East, providing insights from original research into corporate bank clients.

igtb-oxford-alumniA full house: senior transaction bankers from across the Middle East learning first hand from the personal journey of an alumnus of the School since graduating from the program.

rajesh-gargRajesh Garg, Group Chief Financial Officer, Landmark Group, said “It was my pleasure to have shared our thinking on digital initiatives in our operations especially the payment and treasury aspects including our recent initiatives in Blockchain and Robotic Process Automation. All the sessions at the iGTB Oxford event brought insightful perspectives from technology partners, transaction bankers to corporate treasurers.”

 

panel-discussionOne of the key highlights of the evening: the corporate panel discussion that explored how businesses select their banks and the impact of digitization on product servicing.

adil-driverAdil Driver, General Manager, Diarough Middle East DMCC, a diamond trading firm, and a former banker with ABN Amro, said “The engaging panel discussion, really brought forth the impact of transaction banking on our businesses given the relevant constraints. A key takeaway, I believe, is that more constructive and more collaborative partnership with banks will go a long way to enhance the experience of the corporate finance functions.” 

 

andrew-englandAndrew England, Curriculum Director, Oxford School of Transaction Banking and Director & Head of Strategy, iGTB, said “With an overwhelming positive feedback with an NPS score of 70% from the participants, the relevance of creating such networking forums goes a long way towards reaffirming the importance of this business, as well asunderstanding key variables that will affect everyone in the changing world of thetransaction banking ecosystem.”

 

With around 200 alumni worldwide from the School, which has previously been run in Oxford, London and Singapore, and only open to senior, practising transaction bankers, the alumnus community now forms a powerful caucus for change and improvement in best practice in running a successful transaction banking franchise. This highly successful initiative brings together industry experts, bankers & corporate treasurers to Oxford(London), Singapore and now Dubai – within a program curriculum designed to leverage best practice, inviting colleagues to share their own stories, challenges, learning and successes.

The next full course will be held on 22nd-24th April,2020 in Oxford at the Rhodes House. It will conclude as usual in the Oxford & Cambridge Club in London. Visit igtboxford.com for more details on the program.

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 centre 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 240 customers through offices in 91+ countries, with a diverse workforce of more than 4,000 solution architects, domain specialists, and technology experts in key financial hubs around the world. For further information about the company and the various solutions it offers, please visit intellectdesign.com. For further information about the transaction banking solutions offered by iGTB, please visit https://www.igtb.com.

World’s First 100% Robotic Deployment Portal CBX

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, today announced that it has enabled CBX for Kubernetes Operators allowing our client’s devops teams to provision and deploy on any type of cloud (public, private or hybrid) with a single click and without human involvement. This process, which usually takes weeks or more, and with the ever-present potential for error, is now fully automated.

CBX is a contextual, omnichannel front-end for banking businesses of all sizes, covering all capabilities, including cash management, payments, liquidity, collections, virtual accounts, cash flow forecasting, trade finance and supply chain finance.  CBX uses OpenShift from Red Hat (recently acquired by IBM) with Kubernetes Operators to make life easy for its banking clients to incrementally deploy new domain packs, or apply hot updates.  Deployment can be to any of the major providers and iGTB already has partnership agreements with AWS, IBM, Microsoft and Pivotal.

Herber de Ruijter, Head of Digital and Payments, iGTB, said “Instead of bank-in-a-box, this technological breakthrough allows us to deliver bank component functionality on Kubernetes Operator tiles.  We have fully modularised our cash management and transaction banking product portfolio so that each module can be provisioned similarly: module updates now need zero human intervention and will be deployed through the same tiles. This is similar to installing apps from an app store. Quite apart from the speed, cost and right-first-time benefits for the bank, it’s just plain simpler.”

iGTB also uses Kubernetes Operators to provision 3rd party partner applications through the same tile-based app store, for example for multi-factor authentication, content management and campaign management.

Caption: Showing the simplicity of devops deploying CBX Bank-on-a-Tile from iGTB using Kubernetes Operators.  After choosing the tile to install, a single click of “Install” provisions and deploys complex transaction banking cash management functionality.  The image shows installation of a powerful cash flow forecasting module and of iGTB’s world-leading liquidity management module front-end.  Just like how consumers routinely install from an app store.

 

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 centre 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 240 customers through offices in 91+ countries, with a diverse workforce of more than 4,000 solution architects, domain specialists, and technology experts in key financial hubs around the world. For further information about the company and the various solutions it offers, please visit intellectdesign.com. For further information about the transaction banking solutions offered by iGTB, please visit https://www.igtb.com/.

Transaction Banking: 800 pound gorilla or newborn chimp?

In a world where every financial institution will declare its allegiance to business transformation, it will be the few who defend their ancestral primitive, primate and primal behaviours – and ‘back-to-basics core’ DNA – who will ultimately win.

The thought leadership article by Andrew England, Director and Head of Strategy, iGTB dissects the three key trends in Transaction banking:

  • The changing business focus of banks post 2008
  • The growing size and visibility of the payments business globally and
  • The simplification of business models

Please fill in the below form to get your copy of the article.



SIBOS 2019 Cruise Dinner and Party

Catch a glimpse of one of the biggest highlights of Sibos 2019. The iGTB flamenco cruise trip along the Thames.

Want to see iGTB Transaction Banking products in action? Request a live demo

In this free, 15-minute demo discover why the worlds best corporate banks bank on iGTB.

Fill out the form below to schedule a free demo

Abu Dhabi Islamic Bank (ADIB) Goes Live with Intellect’s Digital Transaction Banking

iGTB solution key to the digital transformation of ADIB’s end-to-end  transaction banking services, empowering the bank to provide convenient, rapid and more operationally efficient services.

Abu Dhabi, 24 September, 2019: Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past five years, has announced the successful go-live of its Digital Transaction Banking platform “ADIB Direct” from Abu Dhabi Islamic Bank (ADIB). The new platform integrates a suite of banking solutions into a single, streamlined interface that includes account services, payments, collections and receivables, liquidity management services and the mobile, tablet and iWatch interface. ADIB customers can benefit from one central view of ADIB’s wide range of new banking features, and improved functionality to manage their finances locally and internationally.

Haytham ElmaayergiHaytham Elmaayergi,  Global Head of Transaction Banking at ADIB, said: “It is now more imperative than ever to incorporate the best possible digital solutions available in the market to serve our customers. ADIB Direct responds to this demand for convenient and cost-effective access to banking services. The award winning platform allows businesses from SMEs to large corporations to efficiently manage their cash, liquidity, trade finance and foreign exchange needs on 24×7 and from their own desk. We are happy to partner with iGTB on this digital transformation journey.”

Manish Maakan, CEO, iGTB, said: “We are delighted to be part of the ADIB’s #ADIBinYourOffice digital transformation journey, especially given the Middle East’s strong position as a hub for global trade. This digital go-live reiterates our exceptional delivery capability, Manish Maakanwhich has gone through more stringent quality assessments during SIT and UAT. Our unwavering design-driven culture puts banks and businesses at the centre of everything we do. This not only creates desire and establishes trust with banks, but also results in a distinct advantage for them.

ADIB is currently implementing a digital transformation strategy to boost the bank’s productivity and enhance the customer experience and has received numerous awards for its digital and trade financing offerings in recent months including ‘Best Islamic Financier’ at the International Trade Finance Awards 2019 and ‘Best Islamic Digital Bank’ by Global Finance. It was recently awarded with the best online cash management in Mena region by Global finance.

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 centre 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 91+ countries, with a diverse workforce of more than 4,000 solution architects, domain specialists, and technology experts in key financial hubs around the world. For further information about the company and the various solutions it offers, please visit www.intellectdesign.com. For further information about the transaction banking solutions offered by iGTB, please visit www.igtb.com

For Media related info, please contact:

Nachu Nagappan
Intellect Design Arena Ltd
Mob: +91 89396 19676
Email: nachu.nagappan@intellectdesign.com

Enabling Business Context in Payments

Payments modernization has opened a new realm of possibilities in multiple geographies. New payment rails driven by sophisticated technology solutions with a robust security framework are being introduced in various markets. The availability of a wider variety of such payment options leads to an obvious landscape of wider choices to the end  customer, while allowing Financial Institutions to drive revenue growth due to differentiated services and offers that they can now offer in the market.

The white paper:

  • Defines the need for being contextual and why it is relevant to payments
  • Talks about key market behaviour and trends that are driving the need to be contextual for payments
  • Provides views on how availability of data and related tools (ML, AI, etc.) are accelerating the ability to become contextual at a much faster pace
  • Highlights a few examples of how banks can take a progressive approach to being contextual in payments as a starting point, and eventually expand this into contextual banking
  • Showcases the architectural paradigm shift that can make this happen

Please fill in the below form to get your copy of the Enabling Business Context in Payments white paper



Booth K17 Discover Contextual Banking

Meet us at Money 20/20 USA to see how Intellect and IBM LinuxONE combine industry leading capabilities to deliver a differentiated real time banking platform: security, scale, performance and 24x7x365 availability!

CBX is the first digital banking platform built for a bank’s business and commercial clients that is context aware and uses AI and machine learning to optimize transactions, anticipate working capital requirements and deliver key and actionable insights.

We will share our experiences and best practices in helping clients develop, build, and operationalize their solutions. Intellect’s Contextual Banking provides a high degree of performance using LinuxONE