Intellect Global Transaction Banking and Crédit Agricole CIB forge a strategic partnership for Cash Pooling Digital Transformation

Intellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, a leading global provider of financial technology solutions, announces a landmark deal with Crédit Agricole CIB, the corporate and investment banking arm of Credit Agricole Group. iGTB's Corporate Treasury Exchange (CTX) solution will enable the Bank to support its corporate clients to optimize their money management through a cluster of services enabled by iGTB's state-of-the-art eMACH.ai technology framework.

This strategic partnership will help:

1. Transform the Bank's cash management and cash pooling business operations

2. Power the Bank's corporate customers to higher returns on their cash capital

The Cash Pooling Digital Transformation will deliver:

1. Self-service for automated cash pooling for the Bank's corporate clients

2. Global 360 degree forecasts across multiple accounts, currencies, banks, and geographies

3. Enhanced client returns on their cash

According to Chaker Zammouri, Deputy Head of Cash Management Services, Crédit Agricole CIB, "We are pleased to be partnering with Intellect in our cash management transformation journey. iGTB's CTX will help us deliver real time cash pooling and liquidity management with a high level of automation, enabling us to serve our corporate clients better. This partnership reinforces our positioning as a leading digital financial institution, paving the way for us to extend superior banking services to our corporate clients across the world."

Commenting on this partnership, Mr. Manish Maakan, Chief Executive Officer, Intellect Global Transaction Banking, said, "I am delighted to collaborate with Crédit Agricole CIB in its cash management transformation journey. This partnership is a testament to our market-leading expertise and ability to deliver high value to our clients. By leveraging our cutting-edge technology, the Bank will achieve optimised operational efficiency, increased agility, and ultimately, superior customer satisfaction."

He further added, "I'm deeply proud of the successful collaborations we've built in the vibrant French Transaction Banking market, and I'm eagerly anticipating the expansion of our partnerships across Europe and around the world. Today, more than 60% of the world's top transaction banks #winwithiGTB. This unparalleled achievement reinforces our position as the industry leader in transaction banking as we continue to deliver dividends for our client portfolios across APAC, the Middle East, Europe, and the Americas."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 941.95 as compared to the previous close of Rs. 923.30. The total number of shares traded during the day was 34476 in over 1888 trades.

The stock hit an intraday high of Rs. 970.00 and intraday low of 930.00. The net turnover during the day was Rs. 32791569.00.

Source : Equity Bulls

Keywords

IntellectDesignArena INE306R01017 IntellectGlobalTransactionBanking iGTB CreditAgricoleCIB