Intellect introduces digital transaction banking on cloud

Intellect Global Transaction Banking (iGTB) has introduced its completely reimagined Digital Transaction Banking on a cloud platform. With roots in Citibank, iGTB has over three decades of experience in transaction banking technology. iGTB is trusted by more than 90 institutions worldwide, including 30 banks in the Middle East and North Africa (MENA).

With this revelation, banks in the Middle East and North Africa who want a big slice of the quickly rising transaction banking pie and those that want to speed up the acquisition of SME and corporate digital customers are in for a big change. A key tenet of this redesigned CashManagement Platform is to embrace simplicity in digital banking transformation, allowing banks to stay relevant to their customers and investors by adopting latest cloud technology without high CAPEX investments and dispelling the myth of never-ending technology projects that take years to complete.

This platform is supported by a broad range of products in cash management, payments, account services, self-on boarding, liquidity, and virtual accounts and is available in three easy-to-use bundles: the CashNow plan, the CashXtra plan, and the CashPower plan. With an innovative pay-as-you-grow pricing approach, each bundle is customized exclusively for banks at varying transaction banking digital maturity stages. The bundles are particularly curated with iGTB’s extensive repertory of user experiences and domain packs culled from its huge client base and are meant to help banks shorten sales cycles, boost client stickiness, and improve customer experience.

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 methodology iZoom, 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.”

With up to a 40% reduction in IT total cost of operations, iGTB’s fully managed, cloud-ready Digital Transaction Banking Platform will help banks de-risk their IT operations (TCO). The operationally-ready suite of 135+ Open Banking APIs will help roll out consumer-friendly novel features, and pre-configured domain packs for the GCC and North African markets will speed up the bank’s go-to-market product launch. Corporates and small businesses can be onboarded quickly, saving up to 70% in onboarding costs, improving operational efficiency, and lowering acquisition costs. All of this is underpinned by pay-as-you-grow ready-plans that can let banks go online in as little as 10 weeks by leveraging Microsoft Azure’s global cloud infrastructure. Visit iGTBcloud.com for additional details and to see it live.