Express Computer
Home  »  News  »  Leading banking Giant from Saudi Arabia embraces iGTB’s Digital Transaction Banking Solution 

Leading banking Giant from Saudi Arabia embraces iGTB’s Digital Transaction Banking Solution 

0 61

Intellect Global Transaction Banking (iGTB) announced that another leading bank in the Kingdom of Saudi Arabia, has chosen iGTB’s Digital Transaction Banking (DTB) powered by eMACH.ai architecture to automate and elevate their transaction banking offering.  

With this technology modernisation, the bank is well-equipped to meet the rising digital demands of Corporate  & SMEs in Saudi Arabia. Industries such as Oil & Gas, Petroleum, Railway & Infrastructure, Telecom, Food &  Beverages, Hospitality, and Healthcare will benefit from the seamless solutions provided by the bank. With  enhanced capabilities, the bank can effectively cater to the evolving needs of businesses in these sectors,  enabling smoother financial operations and facilitating their digital transformation journeys. 

Aligned with the objectives of Saudi Vision 2030, the bank is dedicated to fostering sustainable economic  expansion and empowering the growth of the Corporate and SME sectors in the Kingdom. In pursuit of this  mission, the bank has embarked on a digital transformation journey, prioritizing customer retention and  acquisition by modernising its transaction banking services. By becoming a digital-first bank, it aims to deliver  seamless processing and position itself as the preferred financial partner within the Kingdom, solidifying its  commitment to driving financial innovation and serving the evolving needs of its customers. 

iGTB’s Digital Transaction Banking suite will provide the bank with a competitive advantage by: 

  • Fully transforming the bank’s focus on areas such as payments, liquidity, virtual accounts, collections  and receivables and mobility. 
  • Enhancing the stickiness of Corporate & SME customers by facilitating seamless digital channel  onboarding 
  • Providing a unique digital experience marked by detailed, user-centric journeys 
  • Boosting the range of key additional product offerings through Liquidity and Virtual Accounts with  Payments On Behalf Of (POBO) and Collections On Behalf Of (COBO) features 
  • Ensuring readiness for the Kingdom of Saudi Arabia market by adhering to regulatory norms and  enabling a swift go-to-market strategy 

Manish Maakan, CEO, iGTB said, “I take immense pride and honour in  partnering with one of the Kingdom’s largest banks, a visionary institution  committed to driving digital transformation in the banking industry. Together, we  are poised to deliver cutting-edge solutions and reshape the landscape of  transaction banking, while serving the evolving needs of businesses in Saudi Arabia  and beyond. 

iGTB’s unrivalled supremacy in the Saudi cash management market, coupled with  our impressive 60% global market share among the top transaction banks, is a  testament to the resounding triumph of our market coverage strategy. Our  

unwavering focus on supporting Saudi transaction banks aligns with their ambition to fuel the expansion of the  Saudi digital economy and contribute to the realization of the Saudi Vision 2030. With our #winwithiGTB  approach, we continue to deliver dividends across our esteemed global client portfolios in APAC, the Middle  East, Europe, and the Americas.” 

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image