iGTB signs digital transaction banking transformation deal with Islamic Bank in APAC


Intellect Design ArenaIntellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, has announced a significant deal win with a leading Islamic bank in APAC to completely digitize and streamline its cash and trade transaction banking technology offerings.

The deal is powered by iGTB’s Digital Transaction Banking platform that delivers a seamless digital experience to grow the bank’s corporate customer base With this deal, there are now 55 global banking groups that are benefitting from this world-leading platform which handles 50% of the total corporate collections’ transactions across India, the Middle East & Africa.

The platform works out of the box, and has a remarkable span of coverage including modules for cash management, account services, trade finance, supply chain finance, collections & receivables, liquidity management and virtual accounts.

This suite is powered by the award winning omni-channel front-end CBX customer experience suite and full range of mobile banking services covering inquiries and initiations.

What makes this deal unique is that the platform is powered by a common onboarding and common user experience across all the TB product lines.

This is only possible due to the seamless, integrated design of the platform, which creates immense value for bankers and their corporate treasurers to view Operations & CXO dashboards across multiple product lines.

Digital Transaction Banking platform with Corporate Banking Exchange (CBX) is a key asset of this deal. It is the customer-facing Omni-channel solution that enables the bank’s customers to manage their Transaction Banking services online.

Readily available on Desktops, Laptops, Tablets or Mobiles, CBX aims to deliver a seamless user experience The Account Services module offers information across their various current accounts, deposits & loans.

CBX as the unified channel helps customers monitor their banking transactions and offers rich analytics that serves as decision-making aids The channel is supported by underlying product processors for specialized services that will help the bank define tailor-made offerings to suit its various corporate segments. —Agencies

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