Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, recently announced that one of the top 5 banks in Vietnam has renewed its license for iGCB’s Core Banking offering, Intellect Digital Core (IDC) to modernise its banking operations. The bank will leverage iGCB’s recently upgraded core banking platform IDC, the world’s largest Open Finance based core banking platform to launch innovative offerings and improve efficiency.
Today, the bank serves more than 5 million individual and corporate customers and manages assets of over USD 24 billion. Powered by eMACH.ai (Events driven, Microservices-based, API, Cloud, Headless with underlying AI models), IDC will enable them to launch innovative products across current and savings accounts, deposits, payments, lending, treasury and trade finance to cater to their customers’ ever-evolving banking requirements.
Post the transformation, the bank intends to:
Elevate customer experience through relationship-based pricing, contextual product cross-sell and upsell recommendations
Launch new products in days rather than months, by leveraging the composable architecture and IDC’s unique UI-based product configurator solution.
Process high volumes of International and domestic payments in real time
Offer fully digital end-to-end loan management and comprehensive NPA management
Remove information silos, provide instant analytics and reports to bank employees through customer 360 and CXO cockpit
Mr. Rajesh Saxena, CEO, Global Consumer Banking (iGCB), Intellect Design Arena, says: “We are honoured to be selected by the bank for their core banking transformation, yet again. We have significantly invested in understanding the bank’s Business needs, technology, strategic goals and culture. We are confident that IDC based on the composable eMACH.ai architecture will empower the bank to design their own solution that seamlessly integrates with the current infrastructure, as they aim to become number 1 in the region. We thank the bank for the opportunity and we are committed to achieving the Bank’s aspirations.”
Source: Company Press Release
