Our Contextual Banking Technology ranked #1 in the world by IBS

Intellect Revolutionary Contextual Banking Technology ranked #1 in the world for both Retail Banking and Transaction Banking by IBS

London (UK), June 29, 2020: Intellect Design Arena Ltd, the specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, has achieved a remarkable double first: it has been ranked #1 in the world for Retail Banking and 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.

Commenting on Intellect’s performance, the SLT Panel at IBS Intelligence said, “Two systems of Intellect Design Arena – Intellect Digital Core and Digital Transaction Banking have recorded their leadership position in the IBS Intelligence Sales League Table 2020. IDA solutions have been ranked #1 – for the second time in a row in the Retail Banking category, and have also been placed in the #1 spot in the Wholesale Banking – Transaction Banking category. The IBSI Sales League Table 2020 has been analysed based on systems purchases made by over 1,700 banks in over 150 countries, across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.”

Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, retained its #1 Global Leadership position in retail banking for the second time in a row. iGCB offers an end-to-end Contextual Banking suite for retail banking across Core, Lending, Cards, Wealth and Central Banking. iGCB breaks the one-shoe-fits-all paradigm and brings flexibility to how banks drive digital transformation. Whether the strategy is channel-led, product-led, middleware-led or even segment-led (think challenger banks), iGCB can make it happen in a ‘Progile’ – progressive + agile – manner. This unique infusion of integrated functionality and agility is made possible by our microservices-based, API-first, cloud-native architecture with powerful Olive Fabric capabilities.

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.

Intellect was also ranked in the top three best-selling solutions for Digital Banking and Channels, and also the top three best-selling solutions for Lending Systems.

Commenting on the ranking, Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “This is a remarkable validation of Intellect’s Best-in-Class Integrated Digital Banking Platform with Front to Back Capabilities across Retail and Corporate segments by IBS in the Sales League Table. The commendation also validates our microservices-based, API-first and cloud-ready architecture. Even our modular solutions across lending and channels are in the top 3, thanks to their comprehensive functionality and independent utility. This vindicates our pioneering use of #ContextualBanking based on Design Thinking principles – the concept that your banking systems should understand – even anticipate – what the client is trying to do. We are humbled by the recognition and thank our clients for entrusting the very core of their business functionality with 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 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 named Leader in the IDC MarketScape

Intellect Design named a Leader in the IDC MarketScape: Worldwide Trade Finance Report,

Highlighting its keen focus on transforming the corporate customer’s experience

Following an assessment of 8 vendors using 43 criteria in two dimensions, the IDC MarketScape Report positions Intellect Design Arena as a Leader in both the Strategy and Capability dimension

London (UK), June 02, 2020: Intellect Design Arena has announced that it has been positioned as a Leader in the IDC MarketScape: Worldwide Trade Finance Systems 2020 Vendor Assessment (doc #US43482018, March 2020). The report assessed vendors on their depth and breadth of functionality, level of integration and forward-looking technology strategy around cloud and APIs.

The IDC MarketScape states in the report:

Intellect’s primary focus on corporate banking pays off when it comes to forward-looking product road map, new technologies, and understanding the business.

The Global Transaction Banking arm of Intellect Design Arena, iGTB, provides Trade & Supply Chain Finance, the first and only integrated platform covering a comprehensive range of business products across Trade Finance & Supply Chain Finance with integrated Limits & Collateral Management capability. The product supports multi country, multi-currency, multi-entity, multi-lingual operations and supports a wide variety of messaging formats.

The IDC MarketScape also states in the report:

Consider Intellect Design whe   you want a forward-looking firm with a good cloud and technology strategy with a keen focus on transforming the corporate customer’s experience.

Fully integrated with the award-winning omni channel CBX application, iGTB uniquely combines trade and supply chain finance on a single platform providing a seamless customer experience front to back. The modular design is underpinned by a range of common functions and services. It provides comprehensive workflows allowing immense flexibility in a business process centric business like trade finance and supply chain finance. These can be further extended and tailored as per the bank’s own process models.

It is complemented by an advanced data analytics capability designed to generate business intelligence that will guide strategic direction and informed decision-making linked to customer-centric business models. It is further enhanced by a rapid and seamless supplier on-boarding module for anchor corporations in supply chain finance, providing increased transparency and robust risk management. In addition, the loosely coupled, API-first architecture provides the agility to support speed to market, building upon a number of strategic partnerships, such as with r3 and bolero, to develop leading edge digital solutions that are in ever increasing demand in response to COVID-19. The platform also enables seamless integration with the bank’s various backend and downstream systems supporting a wide variety of industry-standard transport protocols and message formats.

This platform is a unique solution which delivers smart contextual solutions that are designed to contain cost, reduce risk and increase overall competitiveness.

Commenting on the recognition, Manish Maakan, CEO, iGTB said, “This recognition from the IDC MarketScape is an important validation of our #1 commitment and strategy to deliver the first and only integrated contextual trade and supply chain finance platform; that enables financial institutions to carry out all the trade & supply chain finance operations smoothly and effectively. We have always believed that it is possible to simplify complex and disparate processes and design an integrated platform that offers a 360 degree capability to digitise the operations.

He further added, “The IDC MarketScape’s thorough analysis included deep-dives with our customers and we are thrilled to be named a Leader based on our proven capabilities in contextual trade finance.  It is strong validation for our strategy and recognizes our work to deliver connected Digital Corporate Banking in a market where no other vendors can provide such end-to-end capabilities.”

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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/.

Emirates NBD wins Celent’s Model Bank Award

Emirates NBD wins Celent’s Model Bank Award

London, May 11, 2020: iGTB, the world’s first complete Global Transaction Banking platform from Intellect Design Arena Limited, is proud to announce that its client, Emirates NBD, a leading bank in the MENAT (Middle East North Africa and Turkey) region has received Celent’s Model Bank award for its Transaction Banking Transformation.

Emirates NBD has implemented iGTB’s end-to-end Digital Transaction Banking platform for Cash Management, in its ongoing transformation. A front-runner in digital banking innovation, Emirates NBD received international recognition for its ‘Transformation in Transaction Banking’ from leading international experts in financial services technology, Celent Research. Analysts at New York-based Celent declared Emirates NBD the winner of its 2020 Model Bank award for Transaction Banking transformation, commending the bank on its usage of modern technological architecture and co-creation on innovation to improve client experience and increase operational efficiency.

Commenting on the award, Alenka Grealish, Senior Analyst, Celent, said in the report, “Emirates NBD’s digital transformation of transaction banking stands out for its comprehensive scope, design approach, modern tech architecture, and its swift implementation.”

“iGTB congratulates Emirates NBD for this prestigious award for executing its vision to transform itself into a well- recognized leader in the MENAT region.  We are honoured to have played a role in Emirates NBD’s success,” says Manish Maakan, CEO, iGTB.

He added, “iGTB as a leader in the Middle East has been empowering banks in the region to launch and commercialise the transaction banking business in an integrated way and to gain significant market share.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC]. https://www.celent.com/

About Intellect Global Transaction Banking (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 helps 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 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, 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 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 https://www.intellectdesign.com/

 

Hot off the press, November 2020

Emirates NBD unveils ‘businessONLINE’, the next generation global corporate banking platform to simplify working capital management, streamline complex operations, and offer businesses full visibility.

https://www.emiratesnbd.com/en/media-centre/media-centre-info/?mcid_en=893
https://gulfnews.com/business/banking/emirates-nbd-unveils-global-digital-transaction-banking-ecosystem-1.75486615

 

First Abu Dhabi Bank Wins Global Finance Award 2020

First Abu Dhabi Bank Wins Global Finance Award 2020 for ‘Best Liquidity Management Bank in the Middle East’

 

London (UK) , 1 April 2020 : iGTB, the world’s first complete Global Transaction Banking Platform from Intellect Design Arena is proud to congratulate UAE’s leading financial institution First Abu Dhabi Bank (FAB) for being recognised by Global Finance Award 2020 as the Best Liquidity Management Bank in the Middle East.

FAB, a long-standing client of iGTB, 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. FAB has implemented iGTB’s integrated Digital Transaction Banking solution with the front-end client interface supplied by the Contextual Banking Experience (CBX) with its modern, omnichannel UX, and the back-end by iGTB’s fully integrated state-of-the-art Liquidity Management Solution, collections, receivables, and payments products.

The award-winning 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 – indeed, 23% of worldwide cross-border MNC sweeps go through iGTB systems. 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.

Commenting on the award, Manish Maakan, CEO, iGTB, said, “iGTB congratulates FAB for this prestigious recognition from Global Finance, one of the most respected media publications. We applaud the vision of FABenhancing their value proposition to customers by investing in digital, and digitising the entire customer journey, thus improving customer convenience. We are privileged to be part of this transformational initiative.”

Global Finance relies on a multi-tiered assessment process, including input from industry analysts, corporate executives and technology experts to select the best providers of treasury and cash management services. Winners are chosen based on a range of objectives and subjective criteria, including profitability, market share and reach, customer service, competitive pricing, product innovation and service differentiation.

About Intellect Global Transaction Banking (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 helps 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 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, 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 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 https://www.intellectdesign.com/

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

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/.

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

Collaboration between FinTech and Transaction Banking at Sibos

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