iGTB Pulse - December 2024 Newsletter
iGTB Pulse - December 2024 Newsletter
Celebrating 2024: Innovations and Achievements
As we begin our New Year 2025 , we reflect on a remarkable year 2024 of achievements, innovation, and transformation. This year has been one for the books, from launching the pioneering eMACH.ai Cloud to celebrating partnerships and industry accolades. Our journey with 70% of the world’s top banks has redefined global transaction banking. Looking ahead, we’re ready to scale new heights. Dive into this Year end Newsletter for highlights, insights, and inspiration as we shape the future together. Here’s to a bold and brighter tomorrow!
Message from CEO
As we close the chapter on 2024, I stand with immense pride and conviction in acknowledging the extraordinary impact we have delivered together. This year, we solidified our leadership by becoming the trusted partner for 70% of the world’s top banks. This is more than a statistic—it is a resounding affirmation of our capability to lead the transformation of global transaction banking.
The launch of the world’s first eMACH.ai cloud for wholesale banking was not just a milestone—it was a paradigm shift. This bold innovation has enabled our clients to achieve unparalleled agility, efficiency, and scalability, setting a new benchmark for excellence in the financial industry. Our unwavering focus on delivering tangible outcomes, coupled with our ability to anticipate and solve the complex challenges faced by banks today, has positioned iGTB as a catalyst for growth and resilience across the globe.
As we enter 2025, let me be unequivocal in our purpose: we are here to lead. To push the boundaries of what is possible. To enable banks to thrive in a world that demands speed, intelligence, and customer-centricity. With eMACH.ai as our cornerstone, we will not just keep pace with the future—we will define it.
On a personal note, I extend my heartfelt wishes for a remarkable New Year to you and your loved ones. Let 2025 be a year where bold visions are realised, barriers are broken, and success is amplified.
Thank you for your trust, collaboration, and partnership. Together, we will scale even greater heights.
Analyst Awards/Recognition
Your Blueprint to Payment Modernization – Omdia Universe Payments Hub Report 2024
Discover the Omdia Universe Payments Hub report highlights, showcasing Intellect eMACH.ai Global Payments' leadership in payment modernisation, technological excellence, and adaptability, empowering executives to navigate evolving trends and regulations.
iGTB Ranked #1 in the Global Transaction Banking category of the IBS Intelligence’s Annual Sales League Table for the fifth consecutive year
Intellect Design Arena Ltd has secured the Global #1 spot in the IBS Sales League Table 2024, excelling in Retail Core Banking, Transaction Banking, and Retail Lending for multiple consecutive years.
Global Banktech Awards 2024
In the latest awards, ADIB was recognised for its outstanding Cash And Liquidity Management solutions through ADIB Direct, enhancing the customer experience for the Abu Dhabi Judicial Authority. Vietcombank also excelled with its CashUp initiative, winning for Outstanding Payments And Collection Services.
Podcast
The Future of Transaction Banking Part 1,2, & 3
If you missed our insightful podcast series this year, catch up now! The three-part fireside chat features industry experts Sridhar Kanthadai and Vivek Deshpande hosted by Chetan Chawda from Intellect. Part 1 explores Blockchain's impact on transaction banking, Part 2 delves into innovation and regulatory compliance, and Part 3 focuses on career navigation in transaction banking.
Saudi Vision 2030 & The Transformation of Trade
David Hennah, Trade & Supply Chain Consultant at Intellect Design moderated the inaugural podcast on Saudi Vision 2030, featuring industry leaders Osama Ben Saleh Bukhari from ICC Saudi Arabia, Amit Maroo SVP of Supply Chain Finance, and Raju Singha, SVP Trade Finance from Intellect Design. They explored the transformation of trade finance, technology's role, and shared insights shaping the region's trade landscape.
How Intellect Design Is Shaping the Future of Banking Technology Through Innovation and AI
In this episode of Beyond the Bank, John Boitnott speaks with Stephen Vanstone from Intellect Design about revolutionising banking through AI-driven solutions. They explore challenges like legacy systems and customer expectations, highlighting platforms like emach.ai and Purple Fabric.
Thought Leadership
Transform Corporate Online Banking with CBX from Intellect
Vishal Dhyani, Vice President - Solution Consulting at Intellect, shares insights on the Contextual Banking eXperience (CBX). This innovative digital platform empowers corporate clients with secure, flexible payment solutions, real-time visibility, and data-rich visualizations, enhancing financial operations and positioning banks for long-term success in a dynamic market.
Payments Pre-Processing: A Vital Cog in the Wheel for Modern Banking
Sidhant Sourav Payments Expert at Intellect, explores the critical role of payment pre-processing in modern banking. He highlights how efficient pre-processing enhances transaction speed, customer satisfaction, and operational efficiency, showcasing iGTB’s innovative solutions that empower banks to meet evolving customer expectations in the digital landscape.
Payments with Generative AI for Smarter, Safer, Faster Transactions
Banks face challenges from regulatory changes, legacy systems, and new fintech competitors. The shift to ISO 20022 in payments signifies a move towards more structured data exchanges. With the rise of real-time payments and advancements in technology, banks are increasingly ready to adopt AI for improved efficiency and innovation by 2030. Unlock Payments insights with Tapan Agrawal and learn how banks can embrace generative AI now.
Exclusive Intellect Leadership Series
18 Months to Invest or be Leap-Frogged
Our Corporate Treasury Solution Head, Joshua Cohen, outlines compelling reasons banks must adapt to the accelerating demands of corporate liquidity management.
Navigating the Digital Banking Landscape
Tapan Agarwal, Head of Payments at iGTB, shares 8 key considerations for banks to modernise payments, embracing Open Banking and FinTech to meet evolving corporate customer needs.
White papers
The Evolution of AI in Trade Finance
Raju Singha, Senior VP and Global Product Head of Trade Finance at Intellect Design Arena, delves into the evolution of AI in trade finance. This whitepaper highlights key milestones, challenges, and future trends, showcasing the transformative impact of AI from early robotics to advanced GenAI systems.
Legacy to Leading-Edge: A Guide for CIOs and CTOs
The proliferation of technology brings new opportunities for CIOs and CTOs. Using the first principles approach, this paper introduces eMACH.ai - A modern, future-ready architecture that leverages six design principles. This empowers "Do-It-Yourself" (DIY) solution approach through composability and agility to meet modern consumer demands effectively.
Know how you can fast-track modernisation with Next Gen Financial Technology.
Harnessing the Power of Open Banking
We highlight our innovative Banking-as-a-Service initiative, enhancing customer outreach through non-traditional channels. By addressing corporate pain points like information asymmetry and transaction friction, we've saved SMEs 20 hours monthly on reconciliation and payments, while expanding our API offerings and enabling seamless banking experiences.
Case Studies
Elevate Your Real Estate Collections: Speed Up Your Cash Flow - Turn Days into Dollars
A large state-owned real estate enterprise in the GCC region transformed its collections process by implementing virtual accounts and direct debits. This automation reduced reconciliation efforts from 20 hours to just 180 minutes, significantly improving cash flow and accelerating the collection cycle, ultimately enhancing operational efficiency and financial health.
The Bank of Tomorrow: A Digital Odyssey
As the trade finance industry evolves amid a $2 trillion deficit, this insightful e-guide explores the critical decision of "build or buy" for banks and financial institutions. Discover a strategic 9-point framework to navigate digital transformation and enhance trade finance solutions in an increasingly competitive landscape. Download your free copy now!
Boosting efficiency and CX by automating collections and payment disbursements in the legal world
The UAE's supreme court revolutionised its operations by implementing the iGTB Virtual Account Solution, decreasing transaction processing times from 9 days to minutes, enhancing efficiency and customer experience, and reducing costs and errors.
Press Releases
Intellect Design Arena recognised as a finalist of the 2024 Microsoft Financial Services Award Partner of the Year
Intellect Design Arena Ltd, a cloud-native, API-led microservices-based, multi-product FinTech company for the world’s leading financial and insurance institutions, today announced it has been named a finalist of the Financial Services Award 2024 Microsoft Partner of the Year Award.
Intellect announces the global launch of eMACH.ai Cloud for Wholesale Banking
We proudly announce the global launch of eMACH.ai Cloud for Wholesale Banking. This first principle-based pioneering platform is designed to empower wholesale banks with a comprehensive suite of integrated services tailored to meet corporate clients' complex needs across diverse industries while enabling banks to modernise and scale their operations efficiently.
UAE’s National Bank of Fujairah (NBF) chooses Intellect’s eMACH.ai Cloud for Digital Banking Transformation
A significant partnership with the National Bank of Fujairah(NBF) marks this region's first cloud-managed service deal for iGTB. Manish Maakan, CEO of iGTB, commented, “NBF’s commitment to advancing its transaction banking infrastructure reflects the critical role of technology in driving growth and innovation in Commercial Banking.”
Event Presence
Our Signature Events
Celebrating a Decade of Leadership: Oxford 2024
iGTB Oxford School of Transaction Banking Jubilee Edition Wraps Up, Setting New Standards in High Impact Executive Learning Experience. This prestigious event featured over 20 distinguished speakers and more than 40 participants from six continents.
Exclusive Round Table:Transformation Strategies for Transaction Banking
The Transaction Banking event at Pullman Hanoi gathered banking leaders to explore technology investments, SME lending, and cash-trade convergence, featuring insights from Microsoft, Red Hat, and Intel on innovative banking experiences.
Global launch of eMACH.ai Cloud for Wholesale Banking in Dubai, UAE
We proudly introduce eMACH.ai Cloud for Wholesale Banking, a groundbreaking platform that empowers banks with integrated services tailored for corporate clients, enabling efficient modernisation and scalable operations across diverse industries.
Industry Signature Events
Sibos 2024, Bejing
Our team of Leaders had a successful and Impactful week at Sibos 2024, Bejing, with the recent launch of eMACH.ai Cloud for wholesale banking. With the power of eMACH.ai, banks can redefine customer engagement, optimise enterprise operations, and embrace the future of digital transformation.
EBAday 2024
A premier event for the fintech industry, where thought leaders, innovators, and experts converge to explore the latest trends and advancements in transaction banking. The highlight was our Head of Payments, Tapan Agarwal, taking centre stage as a key panellist on the critical discussion of "Accelerating Real-Time Payments Corridors."
AFP 2024
Association for Financial Professionals(AFP) 2024 began with thought-provoking sessions on Treasury innovation, followed by an exclusive Networking Dinner with distinguished bankers. Banking delegates were keen to explore how strategies composed by eMACH.ai for Banks can enhance customer experience, improve efficiency, and boost productivity.
Intellect Festivals
Holi-Festival of Colours
Embrace the colours of joy and unity this Holi!. Together the iGTB Intellect team celebrated the festival of colours, Holi with joy, unity, colours, camaraderie, laughter, happiness, and togetherness.
Diwali
We celebrated Intellect Fest and Diwali celebrations at London’s historic Freemasons Hall, attended by over 140 associates and clients with families. Notable participation included clients from Cater Allen, HSBC, NatWest, Gartner, Microsoft, Wipro, and Accenture, showcasing our vibrant intellect culture.
Christmas 2024
Santa Comes to Town – and to Our Office! The holiday spirit came alive with a special visit from Santa Claus! From cheerful decorations to festive treats and team activities, the day was a perfect blend of joy, laughter, and camaraderie.