Latest news with #eMACHai
Yahoo
4 days ago
- Business
- Yahoo
Bank Albilad taps Intellect Design to boost digital banking capabilities
Intellect Design Arena has teamed up with Bank Albilad, a major bank in Saudi Arabia, to enhance its digital banking capabilities. Bank Albilad aims to advance wholesale banking in the region by leveraging 'emerging' technologies and intelligent platforms to provide customer-focused solutions. These investments are anticipated to solidify Bank Albilad's leadership in the Saudi market by driving business impact, improving efficiencies, enhancing user experience. In line with Saudi Arabia's Vision 2030, this transformation is expected to make a major shift in wholesale banking, emphasising economic 'diversification and innovation'. Utilising Intellect's First Principles-based platform, these cash management solutions cater to the evolving needs of various industries, bolstering the private sector and promoting financial inclusion. The goals of Vision 2030 are anticipated to be achieved through customised solutions and contextual intelligence. is an open finance platform providing customised wholesale banking solutions that align with the strategic needs of various industries in Saudi Arabia. These solutions aim to enhance operational efficiency, financial management, digital responsiveness, and overall customer experience. Bank Albilad's future offerings will focus on customer-centric digital cash management, ensuring a seamless and modern multi-channel experience.. The platform will also feature integrated mobile solutions that provide secure access to financial and operational tools. Additionally, the offerings will include a fully digitised self-service payments workflow with embedded foreign exchange capabilities and unified dashboards for comprehensive financial oversight. Personalisation will be enhanced through more than 100 APIs that allow for contextual actions tailored to individual user profiles, according to the company. The platform will prioritise automation to streamline customer onboarding and improve operational efficiency through intelligent automation and process optimisation. Furthermore, corporate customers will benefit from a single-point login for enhanced self-service capabilities, which will support cross-selling and up-selling initiatives. Intellect Design Arena wholesale banking CEO Manish Maakan said: 'This collaboration aligns with the Kingdom's ongoing digital transformation and Saudi Vision 2030. 'The Digital Transaction Banking platform will enable Bank Albilad to offer smarter, more efficient services to corporate clients.' Last month, Faisal Islamic Bank of Egypt deployed the Digital Engagement Platform from Intellect Global Consumer Banking, a unit of Intellect Design Arena. "Bank Albilad taps Intellect Design to boost digital banking capabilities" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Inicia sesión para acceder a tu portafolio
Finextra
5 days ago
- Business
- Finextra
Bank Albilad picks Intellect Design Arena for cash management
Intellect Design Arena Ltd., the global leader in enterprise-grade financial technology, proudly announces that Bank Albilad, one of the top KSA banks, will partner with them to synergise its digital banking capabilities 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Bank Albilad: Modernising Wholesale Banking in Saudi Arabia Bank Albilad is driving the evolution of wholesale banking in Saudi Arabia. With emerging technologies and intelligent platforms, the bank will deliver customer-centric and future-ready solutions. These investments will help secure Bank Albilad's leadership in the Saudi market, creating business impact, driving efficiencies, enhancing user experience, and defining the future of banking. Aligned with Saudi Arabia's Vision 2030, this transformation marks a paradigm shift in wholesale banking with a focus on economic diversification and innovation. Powered by Intellect's First Principles based platform, these cash management solutions meet the evolving needs across all industries, supporting the private sector and enabling financial inclusion. Vision 2030's ambitions will be realised through tailored solutions and contextual intelligence. How empowers Industry-Aligned Impact tailored to the Saudi market landscape? is an open finance platform that delivers tailored wholesale banking solutions aligned with the Kingdom's strategic industry requirements. These industries can look forward to increased operational excellence, financial control, digital agility, and a fully reimagined customer experience. Key elements of Bank Alibad's future offerings: Customer Centricity – Seamless, modernised, multi-channel digital cash management offering – driving better customer experience and deposit growth. Mobile Excellence: Integrated, contextual access to financial and operational tools through secure, enterprise-grade mobility solutions. Secure financial management, anytime, anywhere. Product advancement: Fully digitised self-service payments workflow with embedded FX capabilities, unified dashboards for financial oversight, and superior client support. True personalisation: 100+ APIs with contextual actions aligned to individual persona. Bank Albilad will deliver new products & services quicker and more cost-effectively. Higher automation, lower TCO: Faster customer onboarding with high volume data migration. Improved operational efficiency through intelligent automation and process optimisation. Superior self-service: Supporting Bank Alibad's ambition for digital self-service, corporate customers will have a single-point login. This foundation enables the bank to cross-sell and up-sell products effectively and acquire new customers across customer segments. Manish Maakan, CEO – Wholesale Banking, Intellect Design Arena Ltd., commented, 'We are honoured to partner with Bank Albilad, a forward-thinking bank committed to driving innovation in Saudi Arabia's financial sector. This collaboration aligns with the Kingdom's ongoing digital transformation and Saudi Vision 2030. The Digital Transaction Banking platform will enable Bank Albilad to offer smarter, more efficient services to corporate clients. The AI-driven insights will enhance customer experience and deliver differentiated and trusted cash management experiences.' He added, 'Together, we are realising a future-focused banking experience. One that will set a new benchmark for corporate banking in the region. This partnership is Intellect's fourth digital transformation initiative in Saudi Arabia's wholesale banking and further strengthens our cherished position as a trusted technology leader in the GCC.'
Finextra
17-06-2025
- Business
- Finextra
First Abu Dhabi Bank deploys iGCBdebt management tech
Intellect Global Consumer Banking (iGCB), a business unit of Intellect Design Arena Limited, announced that First Abu Dhabi Bank (FAB), the UAE's global bank, has successfully implemented Intellect Consumer Banking's Debt Management solution offered as a part of Lending. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The initiative marks a pivotal step in FAB's credit strategy to enhance operational efficiency and customer experience by transitioning to a comprehensive and automated digital process. The integration of debt management automates various processes and links over ten subsystems within FAB, allowing for real-time data visibility of the credit portfolio. This enhancement is aligned with the bank's forward-looking vision to fully automate its debt collection features over the next five years, reinforcing its customer-first approach and ambition to grow stronger by investing in technology and people. Post the implementation of Lending, the bank will be able to: – Create collection strategies in Lending application through equal distribution, percentage allocation and bucket based queue stamping – Efficiently manage collections across loan and card variants through the Lending application – Streamline the collection process and reduce the cost of recovery – Efficiently partner with loan recovery agencies to improve collection by getting complete visibility of the information and actions taking place with agencies working on debt First Abu Dhabi Bank is embarking on a transformative journey with Intellect, by implementing Intellect's Lending, thereby marking a significant step in the bank's digital roadmap. This collaboration reflects FAB's commitment to providing the most efficient, customer-centric banking experience across its expanding global network, building upon a technology partnership with Intellect that began in 2005. Rajesh Saxena, CEO, Intellect Global Consumer Banking, said, 'At Intellect consumer banking, we are honoured to collaborate with First Abu Dhabi Bank (FAB) on this crucial initiative, reinforcing a shared commitment to innovation and digital transformation. FAB's decision to implement Digital Lending, following their investment in our core banking and digital engagement platform, highlights the strength of this partnership and FAB's confidence in our advanced solutions. We remain dedicated to empowering our partners, including FAB, on their digital transformation journey, equipping them with innovative solutions that cater to the evolving demands of their customers.'
Finextra
13-05-2025
- Business
- Finextra
Intellect names David Thomas as head for credit unions and smaller banks
Intellect Design Arena Ltd, a global leader in first-principle-based enterprise-grade financial technology, has strengthened its global sales leadership by appointing Dave Thomas as Head for Credit Unions, Small & Mid-market Financial Institutions. 0 In his new role, Dave will also oversee Forge operations, ensuring a smooth and seamless experience for our clients during this critical period. He will also lead Intellect's expansion in the Canadian market for Digital Engagement Platform amongst Credit Unions and Banks. Dave is a seasoned technology leader known for enabling organisations to transform their technology landscapes. Before joining Intellect, he served as Chief Technology Officer at Central One. His extensive career also includes over 25 years at Accenture, where he held several senior roles. His appointment at Intellect comes alongside 140+ talented professionals who joined Intellect after the successful transfer of Forge and Member Direct from Central One to Intellect in March 2025. Rajesh SaxenaRajesh Saxena, CEO, Intellect Consumer Banking, said, 'Dave brings a wealth of experience and a strategic vision that will be invaluable as we usher in a new era for Credit Unions in Canada and Banks. His track record of modernising and optimising technology infrastructures makes him the perfect leader for this transition. Dave's appointment underscores Intellect's commitment to providing a superior experience to Credit Unions & Banks in Canada. We are excited to welcome Dave to our team and look forward to his contributions.' Dave Thomas Dave Thomas, EVP & Head, Credit Unions, Small & Mid-market FI segment, Intellect Design Arena Inc said, 'I am excited to take on this new challenge with Intellect. The platform, which is the foundation of all Intellect offerings, is precisely the type of technology that can help Credit Unions and Banks to provide a world-class experience in Canada. Guiding Credit Unions in the adoption of these innovative technologies aligns perfectly with my passion for creating meaningful member experiences. I look forward to collaborating closely with the talented team at Intellect to ensure a successful transition.'
