FAB’s significant leap towards principal banking leadership and digital transformation powered by iGTB’s Digital Transaction Banking (DTB) intercompany lending and liquidity management solution

FAB’s significant leap towards principal banking leadership and digital transformation powered by iGTB’s Digital Transaction Banking (DTB) intercompany lending and liquidity management solution

Empowering First Abu Dhabi Bank to differentiate their client offerings through significant new capabilities in the area of liquidity management

Dubai, 5 October, 2020: Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, today announced that First Abu Dhabi Bank (FAB), the largest bank in UAE, has expanded its relationship with iGTB to enhance the bank’s liquidity management capabilities. With liquidity management now being seen as the key to cash management and vital to retain and attract the largest marquee clients, this move should help FAB achieve its stated aim of improving risk-adjusted returns.

With iGTB’s inter-company lending capabilities, FAB can now offer in-house banking capabilities to their top corporate client conglomerates. This helps their clients accelerate ideal allocation of debt versus equity within the wider group to support shareholder value creation, an optimal capitalisation of entities within that group to meet investment requirements and growth targets of Operation Heads of the entities and the opportunity for the Group Corporate Treasurers to leverage these various entities’ different levels of funding access.

This first, large scale intercompany lending implementation, the biggest in the region, positions FAB as a bank with a significant first-mover advantage in the region but also well on the way to becoming the principal banking service provider to corporates.

Manish“We are delighted to extend our partnership, and to go live with FAB. This significant implementation 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 will boost the bank’s product innovation and allow for operational excellence, enabling it to prepare for future growth and expansion.”

Powered by iGTB’s Digital Transaction Banking solution (DTB), the intercompany lending capabilities automate the execution of borrowing and lending within the entities of the corporate, tracking of loan agreements rules and parameters in terms of borrowing capacity, debt structure, repayments, facility limits and more. This signals a significant move from all manual processes thereby contextualising & automating the end-to-end process, and legal tracking including comprehensive interest calculation mechanism. This solution will also create the capability for treasurers and operations heads of the corporates to have an end-to-end single view to manage and optimize the complete process.

The Liquidity Management Solution from iGTB is the most powerful such platform in the market, empowering corporate treasurers with not just pooling, sweeping and intercompany loans, but also policy-driven automated investment sweeps, cash flow forecasting and real-time funds checking. Crucially it includes features for Basel III compliance as well as handling local or regional regulatory as well as tax options, to ensure operational compliance and strong corporate governance.

iGTB’s liquidity solutions also delivers sophisticated automation and comprehensive analysis with 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. iGTB’s proven Liquidity Management Solution is already used by a number of other UAE banks, 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.

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

Intellect Global Transaction Banking (iGTB) as a division of Intellect Design Arena, is the world’s first complete Global Transaction Banking platform helping financial institutions to prepare for a new era of customer-centric services. With a rich suite of transaction banking products, across Payments, Liquidity, Trade and Supply Chain Finance, iGTB is an authority on integrated products that enable banks to meet their ambitions to be the Principal Banker to their clients. iGTB seamlessly integrates all the transactional needs of corporate and FI customers, delighting with the Contextual Banking eXperience (CBX), a white labelled digital transaction banking platform to manage clients’ cash and trade finance needs. iGTB 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/.

The Value of Contextual Virtual Accounts

Corporations seek ways and means to optimize working capital and liquidity, manage risk and decrease cost of their treasury operations.

Banks seek ways to develop their competitive edge with innovative products that reduce cost of delivery, increase fee income, optimize capital and create the ‘stickiness’ with corporations to gain and maintain market share.

Virtual Accounts are helping push the envelope of Transactions Banking offering in today’s times.

In this webinar speakers from BNY Mellon, former Santander N.A. and iGTB  discuss three key items:

  1. how virtual accounts are emerging as one of the best tools to contextualize the transaction banking offering to the corporate’s business and financial life cycle
  2. how virtual accounts are helping to create real time cash management offering leveraging real time payments which is a global trend
  3. how virtual accounts are emerging as a new tool for managing corporate liquidity, a.k.a., liquidity re-imagined.

Speakers

Varun Yadav

Principal, Treasury Services, BNY Mellon

 

Michael Sutor

Transaction Banking Director, former Head of Liquidity, Santander, N.A.

 

Balakrishnan Narasimhan

SVP and Head of Solution Consulting, iGTB

 

We bring you the recording of this session, so you can watch, learn, analyse and take away the insights at your convenience. 
 Please fill in the form below to view the full recording and Q&A of the session.



The Bank of Bahrain and Kuwait goes live with iGTB’s Contextual Digital Transaction Banking platform to support growth

The Bank of Bahrain and Kuwait goes live with iGTB’s Contextual Digital Transaction Banking platform to support growth

BBK goes live with iGTB’s end-to-end Digital Transaction Banking platform to deliver exceptional customer experience and to accelerate the growth of BBK’s corporate client base

Dubai, September 16, 2020: Intellect Global Transaction Banking (iGTB), the world’s first complete Global Transaction Banking Platform from Intellect Design Arena Limited, today announced that BBK (Bank of Bahrain and Kuwait), Bahrain’s leading bank delivering brighter banking experiences to its customers, is now live with iGTB’s fully integrated Digital Transaction Banking platform (DTB). DTB will empower BBK to rapidly and cost-effectively deliver innovative digital banking services and exceptional customer experience for its corporate customers.

DTB enables banks to be disruptive in the digital and financial industry through its fully integrated front-to-back transaction banking platform. Leveraging the platform, banks can build solution ecosystems that deliver seamless digital experiences across the corporate financial supply chain. DTB helps banks provide better service to their corporate customers, help their clients grow organically, fulfil their needs through technology, penetrate more client segments, and ultimately become the principal bank for corporations’ businesses, great and small.

BBK clients can now benefit from the integrated DTB suite, which includes product processors of Payments, Account Services, Inward Remittance, Collections & Receivables, Liquidity Management.  Additionally, Host-to-Host, ARX Security along with front-end CBX and mobility across all product lines make it a fully comprehensive solution. The smooth go-live highlights the commitment of technology groups of both BBK and iGTB, and more importantly, their ability to successfully deploy complex transaction banking technology in this challenging business climate, starting only in 2019.

Abdulrahman Ali Saif, Group Chief Executive, BBK said: “BBK is leading the digital revolution in Bahrain with digital transformation projects. The Bank is known for its leadership in deploying technology enabled services and in retaining that position, understanding how imperative it is to have a digital environment that supports innovative, customizable and rapidly deployed products. Our new integrated transaction banking platform “BBK BanKey” allows clients – both SMEs as well as multinational corporations – to consistently view, monitor and control their consolidated financial data. This cash management platform has been equipped with sophisticated payment, reconciliation and liquidity management solutions that go well beyond what it is currently available in the Bahrain market and is accessible through electronic channels including mobile application – a first in Bahrain that enables our corporate clients to access their accounts anywhere, at any time, irrespective of the jurisdiction they operate in – ensuring BBK is their trusted banking partner.”

ManishManish Maakan, CEO, iGTB, said: “BBK is a strong example of a forward-thinking organization embracing digital. Now equipped with an integrated suite of transaction banking solutions, BBK can set itself apart from the competition to win more corporate customers and boost market share. They have already seen compelling results with iGTB’s platform that demonstrate real value.”

He further added, “Already a trusted partner in Middle East region, iGTB has provided with DTB a superb digital banking omni-channel user experience, with end-to-end integration that allows the bank to create fully customized products and services over multiple channels.”

 

Over 40 banks across Asia, Middle East, India and Africa have DTB as their trusted transaction banking digital solution.

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. 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. For further information about the company and the various solutions it offers, please visit https://www.intellectdesign.com/

iGTB expands its footprint in Saudi Arabia, partnering with Samba Financial Group to offer its Digital Transaction Banking platform

Intellect further expands its footprint in the Kingdom of Saudi Arabia, partnering with Samba Financial Group to offer its signature Digital Transaction Banking platform 

London (UK), 3rd September, 2020: iGTB, the world’s first complete Global Transaction Banking platform from Intellect Design Arena, today announced that Samba Financial Group, one of the region’s largest and most acclaimed financial services groups, has selected iGTB’s Digital Transaction Banking (DTB) solution. The bank has selected DTB to power its digital transformation initiatives to strengthen its corporate offering and help attract more customers. The solution will help the bank become more competitive, streamline internal processes and, in turn, generate additional revenue streams.

Customer preferences have changed dramatically in recent times in the Middle East, with a steep increase in the uptake of digital banking. Small, digital-only banks and fintechs are already entering the Saudi Arabian market with next-generation services, determined to win customers. For established players, the pressure is on to provide engaging digital services to protect hard-won market share. Samba Bank developed a successful digital presence but wanted to continue evolving and digitally transforming its corporate offerings.

The bank has chosen the Digital Transaction Banking (DTB) complete solution for cash management, which includes the digital omnichannel CBX for Account Services, Payments, Collections & Receivables, Liquidity Management front-end with processing capabilities across Payments, Collections & Receivables and Liquidity. DTB enables banks to be disruptive in the digital financial industry through its fully integrated transaction banking platform. Leveraging the platform, banks can build solution ecosystems that deliver seamless digital experiences across the corporate financial supply chain.

ManishCommenting on this partnership, Mr. Manish Maakan, Chief Executive Officer, iGTB, said: “We are delighted to partner with the Samba Financial Group, one of the most progressive banks in the Kingdom of Saudi Arabia with a strong focus on customer-centricity. With a strong alignment to the Bank’s ambitious transformation agenda, we believe our fully integrated DTB solution will help the bank to offer market-leading products and services to its corporate customers through enhanced digital channels.  Our signature product DTB will help the bank with its accelerated go-to-market plan to meet the timelines it and its customers demand.”

About iGTB:

The World Best Corporate Banks Bank on iGTB

iGTB, is the world’s first complete Global Transaction Banking Platform from the house of Intellect. It helpscorporate 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, 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 integrates all the transactional needs of corporate customers, delighting them with Contextual Banking eXperience (CBX), a white label digital transaction banking platform to manage firms’ cash and trade, thatleverages 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 specialist in applying true digital technologies, is the world’s first full spectrum 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 for 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

 

Contextualize Corporate Cash Management

In today’s world, context is everything. For financial institutions, it is the exact information that can help attract new business and corporate customers, while strengthening existing relationships.

Join AITE and iGTB as we guide you through how the state of cash management will greatly rely and benefit from contextualization in the next 2-3 years. We will cover topics around:

  • System flexibility to deliver a unique and personalized experience to end-users
  • Data-driven engagement
  • Better tools such as forecasting to enable customers to better manage their money and make more informed decisions.
  • An integrated experience across the bank and with external third-party applications

Speakers 

Christine Barry

Research Director, Aite Group

 

Herber de Ruijter

Executive Vice President, Head of Digital and Payments, iGTB

 

We bring you the recording of this session, so you can watch, learn, analyse and take away the insights at your convenience. 
 Please fill in the form below to view the full recording and Q&A of the session. 



 

Bank on a Tile

Don’t be trapped by a monolithic “Bank in a box” – Use Kubernetes Operators Tiles instead to deploy and provision flexibly.

iGTB alongside IBM and Red Hat, share with you first-hand from our specific journey in what traps to avoid when deploying container-based software. Learn specific tips and tricks to avoid lengthy obstacles, save time, money and increase efficiency.

We will specifically show you how to avoid problems such as:

  • Deploying an application on demand, without human error, or knowledge of specific application deployment models
  • How to handle increasingly frequent and targeted upgrades of the application code alongside related changes such as database schemas or extra configuration settings
  • Provide repeatable, standardized automation for operational management of the application (for example backup, system recovery) without requirement for application-specific domain knowledge

Speakers

Vincent Caldeira,

Chief Technologist (FSI), Red Hat

 

Robin Huiser,

Chief Architect Digital, iGTB

 

We bring you the recording of this session, so you can watch, learn, analyse and take away the insights at your convenience. 
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Banking on banks: Where do we go from here?

With the second-quarter’s results season well underway an eerie backdrop clouds the banking sector. Those banks that have maintained some semblance of respectable results have relied heavily on trading and market-based drivers of income. Disappointing numbers have universally been posted from banks entrenched in the ‘real economy’.

This thought leadership article by Andrew England, Director and Head of Strategy, iGTB brings you 8 predictions that unravel some of today’s behaviours and what forward-looking projections can we make about the health and sustainability of the banking sector.

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



Covid 19 strategic response for corporate banks

The iGTBOxford school of transaction banking brings you a series on Strategy and corporate banking solutions in the times of Covid 19.

This panel session with the Heads of Transaction banking from Santander, Nordea, Intesa Sanpaolo Group and Abu Dhabi Islamic Bank focuses on how these premier banks are:

  • Protecting employees and giving them a strong sense of shared purpose
  • Stress-testing their financials
  • Prioritizing resources to minimize the Covid impact on clients
  • Identifying the key technology and behaviors/needs that will redefine the bank-corporate relationship post the pandemic

Speakers

Patrik Havander

Head of Transaction Banking Commercial Excellence, Nordea

 

Michael Vallance

Head of Transaction Banking, Santander UK Corporate and Commercial

 

Sergio Dalla Riva

Head of GTB Product Development, Intesa Sanpaolo Group

 

Haytham El Maayergi

Global Head of Transaction Banking, Abu Dhabi Islamic Bank

 

We bring you the recording of this session, so you can watch, learn, analyse and take away the insights at your convenience. 
 Please fill in the form below to view the full recording and Q&A of the session. 



iGTB ranked #1 Best Selling Wholesale Banking – Transaction Banking Solution in the world by IBS Intelligence in the Annual Sales League Table 2020

 iGTB ranked #1 Best Selling Wholesale Banking – Transaction Banking Solution in the world by IBS Intelligence in the Annual Sales League Table 2020

IBS Intelligence, the definitive source of independent news, analysis and research relating to global financial technology markets, has inducted Intellect into the Leadership Club by ranking it the world’s best Transaction Banking solutions

 London (UK), July 20, 2020: Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, has been ranked #1 in the world for Wholesale Banking – Transaction Banking by the highly respected, independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets. The IBS report covers systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.

iGTB, the world’s first complete Global Transaction Banking arm of Intellect, has been ranked #1 as the best-selling wholesale banking – transaction banking system and joins the leadership club, validating its revolutionary #ContextualBanking innovation and a rich suite of transaction banking products. With 23% of the world’s MNC cross-border sweeps and over 50% of IMEA corporate collections going through iGTB systems, already proven capable of processing over one million domestic/international payments per hour in live use, this ranking underlines why so many of the world’s best corporate banks, bank on iGTB.

ManishCommenting on the recognition, Manish Maakan, CEO, Intellect Global Transaction Banking (iGTB), Intellect Design Arena, said, “This recognition from the IBS is an important validation of our #1 commitment and strategy to deliver the best-in-class and the best-selling wholesale banking – transaction banking system. This tribute also validates our microservices-based, API-first and cloud-ready architecture.”

He further added, “Apart from the #1 ranking for the wholesale banking – transaction banking system itself, the report also validates our future-proof architecture covering both Retail Banking and Corporate Banking. These double wins are a first for Intellect and underline the company’s ability to play in the big league across the world. Additionally, even the modular solutions across lending and channels are in the top three, thanks to their comprehensive functionality and independent utility.

iGTB’s rich suite of transaction banking products enable banks ambitions to be Principal Banker to their corporate customers:

Cash optimisation in a rising interest rate environment: make the firm’s cash work and grow 24×7 with the world’s most comprehensive offering, licensed by over 40 of the world’s top banks serving clients in around 60 countries with an estimated 23% of MNC cross-border sweeps passing through iGTB systems.

The world’s first integrated digital transaction banking platform: full service transaction banking using the model-bank approach. Banks become future-proof, risk-proof, compliant and profitable. Over 50% of corporate collections in India, Middle East and North Africa go through DTB.  DTB innovations this year include real-time customer & supplier onboarding, self onboarding, persona-led CXO and operational dashboards, SME banking and open banking API framework.

Revolutionizing digital access to banking: provide seamless digital omnichannel execution across the full range of transaction banking, offering contextual, instant, intelligent best-next actions – fully digitalized, cloud-native, and ground-up open microservice APIs.  The product range is especially strong in virtual accounts and client money management, as well as a full suite for SME with AI-supported cash flow forecasting.

Anytime universal payments: capture growth opportunities of rising payment volumes and address regulatory challenges by providing enterprise-wide visibility into payment operations across all channels and business lines. Orchestrate payments end to end replacing all legacies siloed processing engines, ability to add real time limit control, and proven in live use processing over one million payments per hour.

Digitising Trade Finance and Supply Chain Finance: Trade and Supply Chain Finance, fully integrated and digitised, mitigating risk, reducing cost and optimising efficiency, driving a seamless customer experience all on one platform, on a single screen, from any channel, working towards paperless trade.  Sophisticated payables financing with dynamic discounting and seamless onboarding is one unique capability.

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/.

The Corporate Cash Time Machine

The consumerization of corporate banking means that corporate cash managers expect an enormous amount from their banks, and the ability to accurately forecast cash flows is paramount.  iGTB is delighted to bring, this webinar on the key need of the hour: cash flow forecasting

The corporate cash time machine.

  • Know your position in real time and in future time
  • Slide your finger right to see into the future.
  • The perils of cash flow forecasting. And the right way to do it.

Never has it been more important than as we emerge from lockdown. Never has it been more crucial to know your future.

Control your destiny, or it will control you.

Speakers

Mike Rayfield

Senior Vice President, iGTB

 

Ronald Wanink

Founder, IPAdama

 

We bring you the recording of this session, so you can watch, learn, analyse and take away the insights at your convenience. 
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