Intellect announces Digital Transaction Banking on Cloud

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence two years in a row, today announces its completely reimagined Digital Transaction Banking on a cloud platform. iGTB, with origins that can be traced to Citibank, has three decades of experience in transaction banking technology. Currently 90+ banks globally and 30+ banks in MENA region trust iGTB for their digital cash transformation.

Middle East and North African banks that desire a large piece of the pie of the rapidly growing transaction banking business, and those that wish to accelerate SME & corporate digital customer acquisition, are set to experience a major turnaround with this announcement. A key tenet of this redesigned Cash Management Platform is to embrace simplicity in digital banking transformation, for banks to stay relevant to their customers and investors by adopting latest cloud technology without high CAPEX investments and to bust the myth of endless technology projects that must span into years.

This platform is powered by comprehensive product coverage across cash management, payments, account services, self-onboarding,liquidity& virtual accounts and is offered across three easy-to-consume bundles - the CashNow plan, the CashXtra plan, and the CashPowerplan. Each bundletailored specifically for banks at various stages of their transaction banking digital maturity, with an innovative pay-as-yougrow pricing model. The bundles are specially curated with iGTB's thorough repertoire of user journeys and domain packs built up from its large client base, designed to accelerate sales cycles for banks, increase stickiness across their client segments and impact the customer experience with a fully digital 360 offering. Banks will now be able to capture stable, predictable corporate & SME fee revenues in weeks rather than months.

According to Mr. Manish Maakan, CEO, iGTB, "CIOs and CTOs that run the bank IT, can reap value from cloud platforms by completely re-thinking digital technology transformation. The time to commercialize is reduced 4-6 fold, so that banks can go live in weeks rather than months with iGTB's proprietary rapid implementation methodologyiZoom, backed by pre-configured, industry-proven domain expertise and core-banking pre-integrations built into the software. Banks can future-proof their investments with a progressive modernization upgrade roadmap thanks to iGTB's cloud-ready enterprise cash management platform, which has the best-of-breed technology capabilities built-in with microservices and Open Banking APIs."

iGTB's fully managed, cloud-ready Digital Transaction Banking Platform will help de-risk banks' IT operations with up to 40% reduction in IT total cost of operations (TCO). Pre-configured domain packs for the GCC and North African markets will speed up bank's go-to-market product launch aided by the operationally-ready suite of 135+ Open Banking APIs to help roll out consumer-friendly innovative features. Corporates and SMEs can be rapidly onboarded, saving up to 70% in onboarding costs, bringing in operational efficiency, and driving down acquisition costs. All this backed by pay-as-you-grow ready plans that can help banks go-live in as fast as 10 weeks, leveraging our global cloud infrastructure from Microsoft Azure.

Shares of INTELLECT DESIGN ARENA LIMITED was last trading in BSE at Rs. 673.75 as compared to the previous close of Rs. 669.3. The total number of shares traded during the day was 63242 in over 3555 trades.

The stock hit an intraday high of Rs. 687.95 and intraday low of 647.05. The net turnover during the day was Rs. 41973189.

Source : Equity Bulls

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