Latest news with #RajeshSaxena
Yahoo
17-06-2025
- Business
- Yahoo
First Abu Dhabi Bank implements Intellect's debt management system
First Abu Dhabi Bank (FAB) has deployed a debt management solution from Intellect Global Consumer Banking (iGCB), a unit of Intellect Design Arena. The system is part of Intellect's Lending platform. This move is stated to be part of FAB's credit strategy to bolster operational efficiency and customer experience by transitioning to a 'comprehensive' and automated digital process. The integration of the debt management system within FAB will automate various processes and connect over ten subsystems, ensuring real-time data visibility of the bank's credit portfolio, highlighted the tech vendor. This is part of FAB's vision to fully automate its debt collection features within the next five years, aligning with the bank's focus on technological advancement and customer-centric services. FAB, with the new Lending platform, will be able to create collection strategies, manage collections across loan and card variants, streamline the collection process to reduce recovery costs, and partner more effectively with loan recovery agencies, states Intellect. This will provide the bank with complete visibility of the information and actions taken by agencies working on debt, thereby improving collection efficiency. The collaboration with Intellect Design Arena began in 2005. Intellect Global Consumer Banking CEO Rajesh Saxena said: 'FAB's decision to implement Digital Lending, following their investment in our core banking and digital engagement platform, highlights the strength of this partnership and FAB's confidence in our advanced solutions. We remain dedicated to empowering our partners, including FAB, on their digital transformation journey, equipping them with innovative solutions that cater to the evolving demands of their customers.' In December 2023, OTP Bank, headquartered in Hungary, announced that it will implement the Intellect Digital Core (IDC) core banking system provided by iGCB. "First Abu Dhabi Bank implements Intellect's debt management system" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
05-06-2025
- Business
- Business Standard
Intellect Design bags major deal for its digital engagement platform from large South African Bank
Intellect Design Arena said that it has secured a large deal from a leading South African Bank for nine-country rollout of Digital Engagement Platform (DEP). DEP will be deployed as a single instance in South Africa, seamlessly serving the banks entities across 6 countries on cloud and 3 on-premise to satisfy local data residency requirements. This comprehensive platform will cater to both corporate and retail customers, providing a unified and enhanced customer experience. Rajesh Saxena, CEO, Intellect Consumer Banking, said: The engagement with the bank is a testament to the robust capabilities of our Digital Engagement Platform. Intellect has successfully provided a highly personalised experience to global banks with multi-country implementations. We are confident that yet again, DEP will significantly enhance the bank's digital initiatives, empowering them to deliver exceptional value to their customers across multiple regions. Intellect Design Arena has a comprehensive portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking, and insurance and is engaged in the business of software development. The company reported an 85.45% year-on-year (YoY) jump in consolidated net profit to Rs 135.32 crore in Q4 FY25, supported by an 18.69% increase in total income to Rs 748.55 crore.
Business Upturn
05-06-2025
- Business
- Business Upturn
Intellect Design Arena to deploy eMACH.ai platform for leading South African Bank across nine countries
Intellect Design Arena Ltd. has announced a strategic engagement with a leading South African bank to implement its Digital Engagement Platform (DEP) across nine countries. The deployment will use a single-instance architecture hosted in South Africa, enabling centralized management and consistent service delivery. The platform will serve the bank's operations across six countries via cloud infrastructure and three countries through on-premise deployments to meet local data residency regulations. Designed to support both corporate and retail banking services, the DEP aims to enhance digital engagement through: Omnichannel and personalized customer experiences across life stages and banking products A scalable architecture that supports 360-degree customer engagement Seamless integration with digital channels, core banking systems, and third-party services including fintechs, e-commerce platforms, and merchant partners Rapid application development using a codeless platform that includes over 750 pre-built journeys and 520 open APIs Streamlined digital onboarding processes to enable faster customer acquisition and credit origination This deployment represents a significant move in the bank's digital transformation journey and is expected to improve operational efficiency and customer engagement across its African footprint. Rajesh Saxena, CEO, Intellect Consumer Banking, stated, 'The engagement with the bank is a testament to the robust capabilities of our Digital Engagement Platform. Intellect has successfully provided a highly personalised experience to global banks with multi-country implementations. We are confident that yet again, DEP will significantly enhance the bank's digital initiatives, empowering them to deliver exceptional value to their customers across multiple regions.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
