According to a recent press release, “Intellect Design Arena, the world’s first full spectrum Banking and Insurance technology products company, and IBM will jointly deliver digital corporate banking solutions to some of the world’s largest banks on the IBM Cloud. Intellect Global Transaction Banking (iGTB) is a global leader in corporate banking technology with 178 client installations across North America, Europe, Asia, the Middle East and Africa. Working together on a range of technologies including applications, infrastructure and cloud services, iGTB will enhance the delivery of iGTB’s next-generation corporate banking platform, CBX S-18, also making it available on the IBM Cloud. An omnichannel, API-first and microservices-based platform, CBX S-18 uses predictive analytics and machine learning to provide corporations with automatic, tailored “best-next” actions and offers, based on contextual business data. This approach helps improve service levels for corporate treasurers, while banks can cut costs, enrich their client relationships and develop new revenue streams.”

Manish Maakan, CEO of iGTB, commented, “For banks undergoing digital transformation, the risk of slow and disruptive implementation is a pressing concern. Working with IBM, we’re ensuring that not only can we offer the most sophisticated transaction banking solutions, but we can serve clients through the IBM Cloud – implementing quickly, seamlessly and with minimal risk… But this is about more than how we deliver our products. Collaborating with an industry leader such as IBM means we can share our resources and deliver this combination to our clients, whilst simultaneously enabling ourselves and IBM to grow and further develop our offerings. Together, we are confident of delivering the best transaction banking solution on the market.”

Read more at PR Newswire.

Photo credit: IBM