NBQ selects Intellect Digital Engagement Platform to offer a superior digital banking experience to its customers

National Bank of Umm Al Qaiwain (NBQ) selects Intellect Digital Engagement Platform (iDEP), a digital experience banking platform by Intellect Global Consumer Banking (iGCB) for its retail, SME and corporate clients.

NBQ is a public shareholding company incorporated in Umm Al Qaiwain. The Bank which is on a high growth trajectory would leverage iDEP to achieve the following strategic objectives:

- Increase market share by acquiring customers digitally in 3 minutes.
- Improve asset book with fully digital, end-to-end lending for Retail & SME customers.
- Make use of readily available domain Microservice like real-time credit analysis, contextual cross-selling, customer 360, expense tracker, personal finance management and more.

- Enabling customers to create contextual experiences themselves across any device or channel by adapting the readymade templates or building on top of the platform.

- Transform digital experience progressively with a fully composable platform.

iDEP is a comprehensive platform built on eMACH.ai architecture that helps banks and financial service providers deliver seamless and personalised experiences to their customers and bank employees across all channels. This microservices based platform with API-first design, supporting Open Banking standards consists of various domain services which are pre-configured with business rules, APIs and process flows. Banks and financial entities have the flexibility to select the domain services as per their requirement out of our product catalogue and create signature experiences for their customers by using our low code-no code platform.

Rajesh Saxena, Chief Executive Officer, Intellect Global Consumer Banking (iGCB), said, "A great digital experience can completely change the game for banks. Our Digital Engagement Platform makes it easy for banks to bring their vision to life. Furthermore, it ensures that the bank is ready to embrace Open Banking and Open Finance initiatives."

Adnan Al Awadhi, Chief Executive Officer, National Bank of Umm Al Qaiwain said, "Transforming digital experience for our retail, SME and corporate customers was critical for us in order to grow quickly. We were looking for a platform which allows us to reach new customers through a world-class experience. We were impressed by iDEP's capabilities and the team's long-term partnership-based approach."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 675.50 as compared to the previous close of Rs. 699.80. The total number of shares traded during the day was 42845 in over 1846 trades.

The stock hit an intraday high of Rs. 706.95 and intraday low of 670.80. The net turnover during the day was Rs. 29499196.00.

Source : Equity Bulls

Keywords

IntellectDesignArena INE306R01017 NBQ iDEP iGCB