Having launched its operations on October 1 this year, IDFC Bank is seeking to introduce advanced digital solutions.
Intellect Design Arena has announced that IDFC Bank, a subsidiary of India’s integrated infrastructure finance company, IDFC Ltd, has implemented Intellect’s Global Transaction Banking (iGTB) solution suite.
This combined digital solution by Intellect Design Arena will play a key role in IDFC Bank’s growth plans, as it seeks to introduce a differentiated form of banking. Having launched its operations on October 1 this year, IDFC Bank is seeking to introduce advanced digital solutions.
“The implementation of Intellect’s solution suite will give a boost to our transaction banking business, enabling us to offer customers with an entirely new and innovative banking experience,” said Avtar Monga, Chief Operating Officer, IDFC Bank.
In leveraging iGTB’s full suite of solutions–including payments, cash management, corporate banking exchange (CBX) and liquidity sweeps–IDFC Bank and its customers will benefit from: Scalable technology to cater to huge transaction volumes, in line with India’s burgeoning transaction banking sector; Greater ease, accessibility and transparency of transactions, facilitated by the latest digital innovations; An optimised end-customer experience, due to the omni-channel segment-orientated set of integrated solutions; and, Assurance of rigorous regulatory compliance
The deployment of the Global Transaction Banking suite was completed by Intellect in five-month period, with the full range of solutions going live in October 2015.