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Jordan Kuwait Bank uses the transaction banking platform Intellect.

April 24, 2024
2 Min Reads

The successful deployment of Jordan Kuwait Bank's (JKB) Digital Transaction Banking (DTB) platform, made possible by the eMACH.ai architecture, has been announced by Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited.

In line with Jordan Vision 2025, this implementation offers a fully integrated, mobile-first, cutting-edge, omni-channel experience to support JKB's growth objectives in the Arab world.

The following are some of this digital transformation's main highlights:

The eMACH.ai architecture platform powers the platform's innovative capabilities for trade finance, payments, and digital cash management.

The full mobile banking services and the award-winning omni-channel Digital Customer Experience suite (CBX) assist this.

The platform digitizes transaction banking procedures and provides seamless digital experiences across the corporate financial supply chain.

With this improved digital platform, SME and corporate clients in Jordan in the power, real estate, energy, hospitality, medical, and aviation sectors can take advantage of better customer experiences as well as improved bank products and services.

 

"Our fully integrated Cash & Trade Digital Transaction banking platform has emerged as the premier global solution for Transaction Banking needs in Jordan and the Middle East," stated Mr. Manish Maakan, Chief Executive Officer of iGTB, in response to this installation. Our platform leads the way in delivering a cutting-edge Contextual Banking experience as well as strong technology to support cash, liquidity, payment, trade, and virtual account operations.

"Corporate clients can now enjoy an experience that was previously exclusively available to the retail and B2C sectors," he said. Three of Jordan's six banks that offer transaction banking services now depend heavily on iGTB, accounting for a whopping 50% of the market.Nine of the top ten Middle Eastern banks are among the more than 60% of the world's leading corporate banks that #winwithiGTB and are supported by Intellect's transaction banking products and solutions.

The iGTB suite of transaction banking products is specifically designed to enable Corporate Clients to make, move, and manage money as well as to position Commercial Banks for a new era of customer-centric services. It offers banks a single global ecosystem of consumerization for liquidity, investments, deposits, cash management, cash pooling, cash forecasting, payments, virtual accounts, SME lending, corporate DDA, trade, and supply chain finance.The first global transaction banking platform in the world, iGTB is a creation of Intellect Design Arena. With iGTB's extensive range of transaction banking tools, banks can fulfill their goal of serving as their corporate clients' principal banker.

Contextual Banking Experience (CBX), a white-labelled digital engagement banking platform that provides a smooth and contextual user experience for managing digital channels for cash and trade, powers the platform.

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