Latest news with #wholesalebanking
Yahoo
3 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
3 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.'
Globe and Mail
6 days ago
- Business
- Globe and Mail
If You'd Invested $1,000 in TD 5 Years Ago, Here's How Much You'd Have Today
Key Points Toronto-Dominion's dividends made a significant contribution to the stock's total return. It's important to compare returns to indexes. 10 stocks we like better than Toronto-Dominion Bank › Toronto-Dominion Bank (NYSE: TD) is the parent company of TD Bank, one of North America's largest banks. Its businesses include a Canadian personal and commercial banking unit, U.S. retail banking, wealth management and insurance in Canada, and wholesale banking that serves institutional clients (e.g., corporate and investment banking). Taking a look back, how would you have fared if you'd invested $1,000 in the stock five years ago? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Total return and investment sum Toronto-Dominion Bank's stock gained 63.8% over the last five years through Aug. 1. However, that doesn't include dividends. When factoring in those payouts, the stock had a total return of 103%. That means your $1,000 investment would have more than doubled in five years. Applying the 103% return to your initial $1,000 investment equals $2,030. This sounds impressive. After all, who wouldn't want to double their money in five years? You can grow your wealth pretty quickly at that rate. But it's important to put that return in context. Comparison One way to do that is by comparing the stock's return to a broad index and a bank stock index. That's the return you could have gotten if you'd invested passively over those five years. The S&P 500 index produced a total return of 105.6%, and the S&P 500 Banks index returned an even better 149.8%. Both bested Toronto-Dominion Bank's return. If you'd invested the $1,000 in the S&P 500, you'd have $2,056 today. Before fees, an exchange-traded fund or mutual fund investing in the bank index would have grown your investment to $2,498. Of course, past returns provide no guarantee about future results. However, it's a useful exercise to see how a stock investment would have fared in the context of the broader market and sector. In this case, Toronto-Dominion Bank's stock didn't perform as well. Should you invest $1,000 in Toronto-Dominion Bank right now? Before you buy stock in Toronto-Dominion Bank, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Toronto-Dominion Bank wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025
Bloomberg
30-06-2025
- Business
- Bloomberg
ING to Cut 230 Jobs Saying It Has ‘Too Many' Managing Directors
ING Groep NV announced a round of cuts focused on senior executives saying there are just too many of them. The Dutch lender plans to eliminate 230 roles across its wholesale banking division, according to a statement on Monday. The cuts 'will be focused on Directors and Managing Directors in commercial, front office roles' as the lender has 'too many senior roles,' it said.
