Intellect Global Transaction Banking Sets the Stage for Collaboration between FinTech and Transaction Banking, on the Thames at Sibos 2019

London (UK), 26 September, 2019:  iGTB, the transaction banking specialist from Intellect Design Arena Limited in partnership with Fintech Power 50, an annual guide to the most influential, innovative and powerful figures in the Fintech industry, organized a Sibos networking cruise. The event was also co-hosted by B-Hive, a European collaborative innovation Fintech platform that brings together major banks, insurers and market infrastructure players.

Following the success of last year’s Sydney Harbour cruise on the beautiful catamaran Morpheus, this second cruise brought together a unique gathering of nearing 300 of the world’s top transaction banking and fintech talent, taking place on an evening cruise through London aboard the 61m river yacht, luxurious flagship Silver Sturgeon, as patronised by Her Majesty the Queen, again organised by iGTB. FinTechs have traditionally been in the retail banking space but this event opened the opportunity for the far more complex corporate and transaction banking space, to explore Fintech opportunities.

As the world creates banking for ecosystems as predicted by iGTB’s Andrew England, representatives from partners R3, Bolero, Everis, PPI and IBM together with FinTechs and banks will build the future.  Several exciting collaborations were discussed in various sub-groupings.

During the networking dinner cruise from ExCel to Savoy Pier, participants interacted with experts as well as thought leaders from iGTB and its clients to learn the benefits offered by contextual banking to banks worldwide: helping banks understand and anticipate the ambitions of business customers and neutralize risks with non-destructive micro service deployments and ultimately drive revenue growth.

iGTB, as a member of, and in conjunction with the Fintech Power50, with B-Hive were delighted to bring together this unique opportunity and plans for Boston next year are already under consideration.

“Globally, banks are witnessing the benefits of contextual transaction banking and its potential to surpass current and traditional approaches to transaction banking. Additionally, by offering contextual and actionable insights to corporate customers, banks are able to reach new heights,” said Manish Maakan, CEO, iGTB. “As we have now put fintech on the radar in the corporate world, the focus is on delivering the future leaders of the Sibos community.”

The stunning interactive flamenco performance by multiple Lukas awardee Ilusiòn Flamenca had everyone in rapture at the spectacle, the music and some even joined in to try their hand.

About Sibos

Sibos is an annual conference, exhibition and networking event organized by SWIFT for the financial industry. Centered on the theme “Thriving in a hyper-connected world,” Sibos 2019 was held at ExCeL London.

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. 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 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

iGTB Bets Big on Innovation at Sibos 2019

London (UK), 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, continues to invest in its DNA: contextual banking, AI, open banking and digital innovation. Hot on the heels of iGTB doubling its revenue in 2 years and hitting $100m, investing in world class talent such as David Hennah and Vikram Sud and its stellar performance in winning awards, iGTB continues to invest in R&D to bring competitive edges to its bank clients.
Last year iGTB made contextual banking a reality. This year at Sibos 2019, iGTB is delivering it across the world with the state-of-the-art tech stack, comprising cloud-native microservices enabled by API’s, shared across five product pillars.

Turning banking on its head and first out of the blocks is Virtual Account Management. Virtual account are a revolution, allowing firms of all sizes to have run their business how they want rather than how the banks want: control money in the right buckets without the need for mandates, fees, costs and reconciliation that regulated accounts bring. They can provide an immediate increase in frictionless self-service and reduction in operational costs without loss of transaction revenues and provide “on behalf of” banking, so-called POBO, COBO, ROCO and LOBO.

Related is escrow and non-escrow client money. Whether for real estate, for lawyers, for insurers, for lenders or others holding money on behalf of clients, optimized configurations for each industry allow highly targeted bank products rather than a vanilla product that exposes the bank’s lack of sector specialization.
In the revolutionary Contextual Banking Experience (CBX) further advances have been made in bringing an omnichannel, Netflix-like scalability, cloud-native and most-modern tech stack user experience to the bank and its clients, tailoring the experience to the data behind that interaction and offering best-next actions.
Another trending requirement, now available, is cash flow forecasting – the ability to peer forwards in time.

Contextuality is also progressed in the Payments Services Hub (PSH), now active in both US and Canada so evidencing real-life validity across North America.

The new solutions include Remittance Repository, allowing all that valuable data about invoices to be used for contextuality and analytics, without affecting demanding processing performance.

Positive pay is also now supported to streamline companies’ processing.

The Liquidity Management Solution (LMS) is enriched with a host of features for this well-known already-established product.

New modules include Global Deposit Manager, Operational Account Manager supplementing Investment Sweeps in rule-based algorithmic liquidity with an Investment Portal to allow direct overnight action.

The integrated Trade and Supply Chain finance solution has been overhauled and is now live: every aspect of Trade and Supply Chain Finance, fully integrated and digitised, with a seamless customer experience all on one platform, on a single screen, from any channel. This provides powerful synergies, such as dynamic discounting (allowing anchors to offer suppliers to take an invoice payment early in exchange for reducing the invoice amount by a chosen percentage). Another example is the trade finance limits module that can sit across the whole transaction bank or integrate with the CRO’s existing set-up but understands the peculiarities of trade.

Digital Transaction Banking (DTB) continues to grow with extra features across integrated cash and trade, full open API banking, a stunningly upgraded user experience and the introduction of a management CxO level DTB cockpit based on lessons learned, and real life case studies shared, at the successful iGTB Oxford School of Transaction Banking that teaches how to run a successful transaction bank.

“We are excited to showcase our game-changing features at Sibos 2019, the leadership event for the transaction banking industry.”, said Manish Maakan, CEO, iGTB. “Our cloud-native, API’s-enabled microservice architecture is shared by all our key products, which are now powering the digital transformation of banks across the globe. And this year we announced that our existing matured products are now being honed with the latest innovations and to functionally upgrade according to market’s recent challenges. Banks can now see in action how contextual transaction banking surpasses current and traditional approaches to transaction banking. Come to booth D120 and see us.”

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. 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/.

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

2019 the Year of Awards for Intellect GTB (iGTB) Clients: Exclusive Sponsor of the Eighth Annual Transaction Banking Awards Ceremony

London (UK), 23 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 four years, today congratulates its many clients who have won awards in 2019.   As a mark of honouring and appreciating their award-winning clients, iGTB is supporting the Eighth Annual Transaction Banking Awards ceremony, run independently by the renowned Global Finance banking magazine, to be held at the “Gherkin” in London on 25 September, 2019, during Sibos London.

iGTB clients have won over 34 prestigious awards during 2019, from various recognized industry bodies as well as especially Global Finance.  iGTB congratulate all the winners, including Canadian Imperial Bank of Commerce, HSBC, ANZ Bank, Santander, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Qatar National Bank, Lloyds Bank, Raiffeisen Bank, Hong Leong Bank Berhad, Arab Bank, and more.

“At iGTB, we believe continuous innovation is the key to empowering customers become market leaders. Hence, we have been leveraging our 25 years of domain expertise and focused investments in future-embracing functional innovations as well as technologies like APIs/Open Banking and AI/Machine Learning, so that we are geared for new and changing needs of banks and end customers alike,“ said Manish Maakan, CEO, iGTB. “We are pleased to be the exclusive sponsor for these prestigious awards.”

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, iGCB (Global Consumer Banking), iGTB (Global Transaction Banking), iRTM (Risk, Treasury and Markets) and iSEEC (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 169 million, by serving more than 240 customers through offices in 40+ 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 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

 

Intellect Expands Senior Leadership with Appointment of Vikram Sud as iGTB Strategic Advisor

London, 23 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 four years, has appointed Vikram Sud as Strategic Advisor. Vikram has over three decades of experience in financial services including commercial and consumer banking across the US, India as well as the wider Asia Pacific market.

Vikram will be providing strategic advice to advancing transaction banking worldwide, helping many banks grow as well as helping iGTB’s own business growth.

Commenting on the appointment, Manish Maakan, CEO at iGTB, said: “We are very excited to have Vikram on board. His appointment comes at a strategic juncture for us as his experience of over three decades across banking and fintech sectors, will inspire confidence amongst our existing clients as they embark upon their digital transformation journey. With his significant international and domestic banking experience developing businesses, products and clients, Vikram is well known as a forthright evangelist for digital transformation. His global roles at Citi will also offer us invaluable insight into winning key clients as well as offering them cutting-edge solutions for their ever evolving needs.”

He is an alumnus of University of Virginia and XLRI – Jamshedpur and brings over 30 years of experience in International banking including overseeing technology and operations across corporate and consumer banking in the US, India and Asia Pacific. He is also a well-known mentor, advisor and investor in the Fintech space.

Vikram Sud, Strategic Advisor, iGTB said, ““iGTB’s tremendous offerings, phenomenal creativity and bold investment in transaction banking is unparalleled. I am delighted to be joining this new, strong team of dedicated professionals spanning FinTech suppliers, senior bankers and corporate treasurers, as we deliver the next generation of transaction banking software.”iGTB’s tremendous offerings, phenomenal creativity and bold investment in contextual transaction banking is unparalleled. I am delighted to be joining this strong team of dedicated professionals spanning FinTech suppliers and senior bankers as we deliver the next generation of transaction banking software.”

 

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. 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 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

 

 

Sumit Aggarwal from Emirates NBD asserts the importance of being contextual

Sumit Aggarwal from Emirates NBD asserts the importance of being contextual to needs of corporates and why that is a game changer in the world of digital transformation for banks. He also speaks extensively on the nature of the successful partnership between Emirates NBD & iGTB.

Women in Payments

Come and meet us at Women in Payments to learn how iGTB are enabling business context in payments.

Prepare to be inspired by some of the most talented women making waves in Canada and the global payments ecosystem. Women in Payments is a global network for women, by women. We are delighted to be hosting the Symposium lunch. This year, the theme is “Disruptive Evolution”.

What You’ll Learn:

Gain insights on the rapidly changing fields of payment applications, technology, infrastructure and industry leading payment solutions offered by iGTB in an inspiring and supportive environment.

Why Attend:

Network with like-minded women while advancing your industry knowledge and career development.

Of all the women networking events, this is one you’ll definitely want to attend. If you’re an ambitious woman in commercial banking, we’d love for you to me us to see how iGTB can help you.

Save the date: 18-19 September
Location: Arcadian Court, 401 Bay St.  Toronto

Schedule a meeting today by requesting a demo or click here for more information.

Digital Makeover or Digital Takeover?

The question has often been asked: why were banks caught so badly wrong-footed in transforming themselves in the face of the plethora of new entrant challenger banks and financial technology firms?

Published in Asset Servicing Times, Andrew England, Director and Head of Strategy at iGTB explains why banks were wrong footed and how to nurture your innovation pipeline.

To find out more, download your copy now.


Join iGTB’s Luxury Yacht Experience or Meet Us at Sibos

Visit iGTB at Booth D120 to Experience Transaction Banking 2020

Last year we made contextual banking a reality. This year we are delivering it across the world. Our state-of-the-art tech stack, comprising cloud-native microservices enabled by API’s, is shared by all our key products, such as liquidity management, trade finance, payments, and many others. Our game-changing platform is now powering the digital transformation of many transaction banks across the globe. See it in action.

Not only do we empower banks to understand and even anticipate the ambitions of business customers, but we cauterize risk with non-destructive microservice deployments that work seamlessly with existing architecture. Our digitization ensures that legacy systems can retire with grace, and banks can reach new heights by offering contextual, actionable insights to corporates small, medium or large.

Visit iGTB at booth # D120 and discover what Transaction Banking 2020 is and how it surpasses current, traditional approaches to Transaction Banking

  • How to reduce operational inefficiencies & risk
  • How to enhance data analytics
  • Techniques to improve customer engagement
  • How to avoid pitfalls of dynamics underpinning success
  • Ultimately how to drive revenue growth

Schedule an appointment and speak with the experts about:

  • Digital Transaction Banking
  • Payments & Cash Management
  • Liquidity
  • Trade Finance & Supply Chain

Due to an overwhelming response, we’re sorry the RSVP list for the iGTB Luxury Yacht Cruise is now closed. 

David Hennah quits Finastra to join Intellect Global Transaction Banking

Prominent thought leader Hennah to lead trade and supply chain finance at iGTB

London (UK), 18 June 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 four years, announced the appointment of prolific trade thought leader David Hennah, Chairman ICC working group, Member of the World Trade Board and formerly its Co-Chair as Head of Trade Finance and Supply Chain. His appointment highlights the focus of iGTB in making their Trade Finance and Supply Chain Finance platform the market leading product across the globe.

David will be based out of iGTB’s headquarters in London and will spearhead the strategic development of the roadmap to address market needs, rapidly changing as a result of digitalisation.  He has decades of experience in transaction banking and trade finance. He held his most recent role at Finastra since 2013, following almost eight years at SWIFT as senior product manager. He previously worked at Misys and also held senior management positions at Fujitsu Services and Barclays.

Manish Maakan, CEO, iGTB said “David is a renowned name when it comes to Trade and Supply Chain Finance. His joining iGTB is a huge boost given his invaluable experience in the industry coupled with our solid track record of focusing purely on transaction banking since our inception over 30 years ago, with entirely our own IP.  His time with SWIFT and history of being a representative on standards bodies adds unparalleled expert knowledge in regulations and standards vital for successful digitizing something as complex as trade finance across continents.  So the iGTB message is clear: we are here to be the market leader in digitalisation of each and every functional unit of Transaction Banking, starting from UI & UX to that of operationally heavy Trade and Supply Chain Finance.”

Hennah is most well-known for his work in bringing the ICC Bank Payment Obligation (BPO) to market as an established business practice. He is currently chairing an ICC working group responsible for drafting a new set of rules for digital trade finance.

David Hennah, Head of Trade and Supply Chain Finance, iGTB said “With 223 transaction
banking installations, iGTB is a solid and dependable company progressing under the strong leadership of the same management that drove its parent company into the top ranks of Fintech for more than 25 years, focusing on longevity and quality over quick returns, and with a superb modern architecture built upon the latest technology, designed to respond in an agile way to the rapidly changing needs of the market.  I shall focus on the strategic opportunities arising from the digitalisation of trade. My role will be to grow iGTB’s business and footprint globally and establish an unparalleled reputation for delivering high quality, leading edge products in the global market.”

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. 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.

 

The Who, What and Why of Enabling Business Context in Payments


How many times have you done something – and then realized the context was different and it was wrong? So if context gives us direction and helps us decide what comes next, depending on the circumstances that surround information, data or demands, then why should it be any different for payments in general — banking in particular? This video covers expert views and best practices on this subject presented by Balakrishnan (Bala) Narasimhan of iGTB at the Payments Canada Summit.