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iGTB-powered Abu Dhabi Islamic Bank wins Aite Group's 2019 Cash Management and Payments Innovation Award for Customer Experience

Posted On: 2020-02-10 11:52:10 (Time Zone: IST)


Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, are delighted to congratulate UAE's leading financial institution Abu Dhabi Islamic Bank (ADIB) for winning the Aite Group's 2019 Cash Management and Payments Innovations Award for Customer Experience through their flagship platform, ADIB Direct, across web, mobile and watch.

iGTB's Digital Transaction Banking platform prepares transaction banks to provide for every client's and every sector's needs with a configurable and intelligent platform that encompasses every aspect of transaction banking. With DTB, transaction banks can successfully optimize capital, maximize ROA and fee income, improve product cross-sell & distribution channel effectiveness, ensure regulatory compliance and support SME franchise and growth sectors (through working capital provisioning and adVisory services) as well as empowering larger corporates, including up to muitinationals.

ADIB received this award for demonstrating innovation through technology to offer a differentiated user experience that aligns with the needs of today's business owners and corporate treasurers.

The well-known Aite Group recognizes financial institutions that leverage innovative technology. The awards program honours financial institutions that are introducing new products, capabilities or levels of automation and effectiveness that brings the industry one step closer to next-generation banking.

Haytham Elmaayergi, Global Head of Transaction Banking at ADIB, said: "We are delighted to be recognized by Aite. This award is testament to the work being done at ADIB to improve the user experience. Our focus on technology-driven innovation will continue to further improve the customer experience for our Business Banking customers and our partnership with iGTB in the implementation of our digital transformation strategy will help us boost the bank's productivity and efficiency."

Manish Maakan, CEO, iGTB said, "Our vision is to deliver cutting-edge products 'and solutions, with design being the key differentiator in enabling digital transformation. We are delighted that ADIB has won this exemplary recognition, joining the growing ecosystem of award-winning banks who partner with iGTB. It further evidence show the world's best corporate and transaction banks succeed across the world in partnership with iGTB."

"Abu Dhabi Islamic Bank's decision to invest in its digital capabilities has enabled it to differentiate itself among its peers and create a consolidated experience with unique attributes that enhance end-user efficiency and value,"said Christine Barrv. Research Director at Aite Group. She added, "ADIB's rollout of iGTB's new digital platform has streamlined and enhanced customers' user experiences, providing easy access to the most critical products through multiple channels."

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.164.7 as compared to the previous close of Rs. 165.1. The total number of shares traded during the day was 102694 in over 2011 trades.

The stock hit an intraday high of Rs. 167.05 and intraday low of 163.45. The net turnover during the day was Rs. 16978828.


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