London (UK) and Chennai (India), Feb 19 2019: Indian talent fuelled Intellect Global Transaction Banking (iGTB) has been chosen to implement a comprehensive digital transformation of transaction banking business, at BBK, one of Bahrain’s leading banks.
iGTB is the transaction banking and technology specialist from Intellect Design Arena, the fastest growing B2B Fintech product company with CAGR of 21% over three years.
Says Jamal Al-Sabbagh, General Manager, Information Technology & Operations Group, BBK “We are known for leadership in deploying technology enabled services and in retaining that position, understanding how imperative it is to have a digital environment that supports innovative, customizable and rapidly deployed products. This would be impossible to achieve without a fintech partner who understands technology and is also an expert on using that understanding to provide an end-to-end transaction banking solution. Intellect’s DTB will integrate our transaction banking offerings into a self-service digital portal with a bank- assisted service, thus allowing our clients –SMEs as well as multinational corporations – to consistently view, monitor and control their consolidated financial data. This platform will be accessible to clients anywhere, at any time, irrespective of the jurisdiction they operate in – ensuring BBK becomes a true treasury bank and that we have clients who continue to use BBK’s services for a long time.
Adds Manish Maakan, CEO, iGTB: “BBK joins a growing body of nearly 30 transaction banks with iGTB’s DTB. This digital transformation initiative based on ourmodel-bank repertoire of proven customer journeys will completely transform BBK’s cash management and trade finance services. This solution will provide a superb digital banking user experience, with end-to-end integration that allows the bank to create fully customized products and services over multiple channels. The bank’s clients can also enjoy full transparency and real-time information on the health of their working capital at any stageof the cash management lifecycle. The front-end client interface will be provided by iGTB’s Corporate Banking Experience (CBX), the award-winning omni-channel portal that will access and deploy DTB’s underlying product processors, such as Accounts Services, Payments, Collections and Receivables and many more.”