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Finextra
14 hours ago
- 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.'
