Named as one of the Philippines’ Best Banks, it leverages Intellect’s eMACH.ai framework for customer-centric solutions in Cash Management, Payments, Liquidity, and Loan Origination
London, October 13, 2023: Intellect Design Arena, a cloud-native, API-led microservices-based, multi-product Financial Technology company, announced the signing of a digital transformation programme with a universal bank in the Philippines, a-one-of-its-kind and largest bank-wide transformation program in APAC, cutting across all lines of their businesses – Corporate, MSME & Retail Banking
At the heart of this transformation programme and its partnership with Intellect is the Bank’s aim to provide priority service and superior customer experience that resonates with its brand promise of exceptional banking.
The partnership with Intellect covers multiple dimensions:
The solution offers the following key benefits:
By embracing the iGTB solution, the bank can prioritise customer satisfaction, streamline operations, and unlock new opportunities for growth.
The key technology framework behind these solutions is Intellect’s eMACH.ai, the world’s largest and most comprehensive open finance platform designed for the future of banks and financial institutions. eMACH.ai is powered with 285 prebuilt microservices available on the cloud and access to 1,214 APIs and 200 events to enable banks to harness the power of AI and optimise operations. The open finance platform is set to aid banks in harnessing the power of artificial intelligence and optimising operations based on five major principles that include configurability, richness, scalability, ease of integration, and composability.
Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited, said, “Our strategic presence in the Philippines has allowed us to establish ourselves as a dominant force in the banking technology fintech sector. Our dedication to excellence and our deep understanding of the Transaction Banking and Retail banking domains have paved the way for Intellect’s dominance in the Philippine market. We are honoured to be trusted by the Bank and remain steadfast in our commitment to delivering unparalleled solutions that enable their success.
At Intellect, we recognise the immense potential and transformative power of technology. eMACH.ai serves as the cornerstone of our commitment to driving innovation and equipping banks with the technology they need to thrive in an ever-evolving industry. With eMACH.ai, banks can harness the power of advanced technologies, leverage data-driven insights, and unlock new avenues for growth. We are proud to be at the forefront of revolutionising the financial landscape in the Philippines, empowering banks with cutting-edge solutions to enhance their digital capabilities.”
About Intellect Design Arena
Intellect Design Arena Ltd. has the world’s largest cloud-native, API-led microservices-based multi-product platform for Global leaders in Banking, Insurance, and Capital Markets. eMACH.ai, the most comprehensive open finance platform is at the forefront of the BankTech Wave 5, a significant phenomenon that enables banks and financial institutions to move from product and process to design and experience to compose their unique “My Signature Solution”. With over three decades of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives. It offers a full spectrum of banking and insurance technology products through its three lines of businesses i.e. Intellect Global Consumer Banking (iGCB), Intellect Global Transaction Banking (iGTB), and Intellect AI.
Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 270 customers through offices in 57 countries and with a diverse workforce of solution architects, and domain and technology experts in major global financial hubs around the world. For further information on the organisation and its solutions, please visit www.intellectdesign.com
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