NBK expands its partnership with iGTB for a comprehensive eMACH.ai digital transformation

Kuwait’s largest financial institution has chosen iGTB’s eMACH.ai-enabled Digital Transaction Banking (DTB).

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, has won an extended mandate with the National Bank of Kuwait (NBK), a top 10 ranking bank in GCC, to accomplish a full digital transformation by modernizing existing channels and providing new digital capabilities in transaction banking.

With iGTB’s Digital Transaction Banking, NBK is modernizing and enhancing its online corporate banking platform by offering streamlined, secure, and user-friendly digital solutions to gain and retain corporate customers and SMEs. By focusing on next-generation digital banking, NBK can offer its customers the best omnichannel and mobile banking experience across various industries, such as oil and gas, construction, power and water, and transport.

This transformation is a significant leap forward for the bank in terms of scalability and volumes of transactions. It is a key catalyst in accelerating the NBK’s growth ambitions in Kuwait and the Middle East.

Commenting on this partnership, Mr. Manish Maakan, Chief Executive Officer, iGTB, said, “Our enduring alliance with National Bank of Kuwait, which has spanned a remarkable decade, highlights iGTB’s influential position in the digital transaction banking field within Kuwait. In alignment with the ambitious New Kuwait 2035, we are joining forces with NBK in their growth journey, focusing on the integration of revolutionary technology and digital enhancements for the benefit of their corporate and SME customers.”

He further elaborated, “This partnership is pivotal in NBK’s quest to emerge as a “digital-first bank with trendsetting innovation” in the MENA region. Today, more than 60% of the world’s top Corporate banks #winwithiGTB and are powered by Intellect’s Transaction banking products and solutions, this includes 9 of the top 10 Middle East banks.

Offering banks a single global ecosystem of consumerisation for liquidity, investments, deposits, cash management, cash pooling, cash forecasting, payments, virtual accounts, SME lending, corporate DDA, trade and supply chain finance; iGTB suite of transaction banking products is specially designed to enable Corporate Clients to make, move & manage money and prepare Commercial Banks for a new era of customer-centric services.

iGTB is the world’s first complete Global Transaction Banking platform from Intellect Design Arena. With a rich suite of transaction banking products, iGTB enables banks to meet their ambition to be the Principal Banker to their corporate customers. The platform is powered by Contextual Banking Experience (CBX), a white labelled Digital Engagement Banking Platform that offers a seamless and contextual user experience for managing Cash and Trade digital channels.

Image Source: Freepik

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