Fifth Third Bank launches new contextual and cloud-native self-service user experience from Intellect Global Transaction Banking

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked No.1 in the world for Transaction Banking by IBS Intelligence, today announced that Fifth Third Bank, National Association, has launched CBX, the first true contextual banking platform. This platform strengthens Fifth Third Bank's position as a digital leader and positions the needs of corporate customers at the forefront.

The platform allows Fifth Third Bank to harness CBX's capabilities, providing a simplified and consolidated view of assets and liabilities across a portfolio of domestic and international accounts, whether locally held or cross-bank, and allows for cash and liquidity management, based on scenario-based concentration of funds. Customers can optimize their working capital, in real-time, on a cloud-native, self-service platform.

"This collaboration shows what's possible when two organizations work together to drive innovation and growth," said Bridgit Chayt, Senior Vice President, Head of commercial payments and treasury management, Fifth Third Bank. "We're committed to keeping our customers at the center of everything we do and providing them with the visibility and insights necessary for them to succeed."

Commenting on the go-live, Manish Maakan, Chief Executive Officer, iGTB said, "the global success of CBX persists and supports our continued growth in the United States with Fifth Third Bank. iGTB now has 11 clients in the US out of Intellect's portfolio of 25 in North America. Consumerization of Commercial Banking has truly been embraced by Fifth Third with their investment in CBX, raising the stakes to align with their own digital value proposition and to continually provide the best customer experience possible."

Mr Maakan added, "This go-live is a testament to Fifth Third Bank's experience and the innovation that their customers can count on. Being leaders in the field of contextual banking, and engaged in worldwide digital transformations, we look at this go-live as the outcome of the strong collaboration with Fifth Third Bank. We continue to push the envelope in delivering cutting edge commercial banking technology and look forward to rolling out additional features to ensure that Fifth Third Bank's promise of providing superior customer experiences is fulfilled."

"From a technical perspective, ease of use and a best-in-class experience is a hallmark of all of our solutions. The CBX platform enhances this with its increased visibility across accounts and automation. At Fifth Third, we ensure our customers have every tool possible in this changing economy to meet their goals," said Laura Listwan, Senior Vice President and Head of commercial payments products.

Key Highlights:

1. A suite of commercial banking capabilities ready to deploy instantaneously. CBX covers all Commercial Banking domains: Account Services, Global and Local Payments, Corporate Liquidity and Cashflow Forecasting.
2. Exceeding customer expectations with rich user experiences. The platform's interface is built for the global commercial banking business. CBX is a self-service solution catering to large and medium-sized corporations, as well as SME customers. The platform provides context-aware interactions, through persona-driven user journeys, empowering the bank to be fully focused on building and deepening customer relationships through a full-service platform that combines creative solutions with strategic insights to maximize client value, compared to competing bank offerings.
3. Multifunctional capabilities and options to execute seamlessly. Corporates can utilize CBX's highly flexible, role-based interface that aggregates multi-bank information, performs analysis, enables informed decision making and initiates transactions.
4. Ease of visibility in real-time with information aggregated on a single, consolidated dashboard. Corporate clients will have full control, visibility, and access to cash when it is needed from a single view across all their markets with various forms of data analytics that can be leveraged by the corporate CXO in real-time, anytime.

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 697.70 as compared to the previous close of Rs. 706.85. The total number of shares traded during the day was 22852 in over 1298 trades.

The stock hit an intraday high of Rs. 715.45 and intraday low of 691.85. The net turnover during the day was Rs. 16066640.00.

Source : Equity Bulls

Keywords

IntellectDesignArenaLimited INE306R01017 iGTB TheFifthThirdBank CBX ContextualBankingPlatform