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Jordan Kuwait Bank implements a fully integrated Corporate Banking platform with iGTB Intellect powered by

Posted On : 2024-04-22 22:46:13( TIMEZONE : IST )

Jordan Kuwait Bank implements a fully integrated Corporate Banking platform with iGTB Intellect powered by

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, today announced Jordan Kuwait Bank's (JKB) successful implementation of Digital Transaction Banking (DTB) platform enabled by architecture.

This implementation provides a completely integrated, mobile-first, state-of-the-art, omni-channel experience to power JKB's growth ambitions in the Arab region based on Jordan Vision 2025.

The key highlights of this digital transformation include:

- The platform features out-of-the-box features for digital cash management, trade finance, and payments powered by architecture platform

- This is supported by the award-winning omni-channel Digital Customer Experience suite (CBX) and comprehensive mobile banking services.

- The platform offers seamless digital experiences throughout the corporate financial supply chain digitising transaction banking operations.

- SME and corporate clients in Jordan across power, real estate, energy, hospitality, medical & aviation sectors can benefit from this enriched digital platform, with superior customer experience and enhanced product offerings and services from the bank.

Commenting on this implementation, Mr. Manish Maakan, Chief Executive Officer, iGTB, said, "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. Whether it's delivering a modern Contextual Banking experience or providing robust technology to support cash, liquidity, payment, trade, and virtual account operations, our platform stands at the forefront."

He added, "Corporate clients can now enjoy an experience previously exclusive to retail and B2C sectors. Among the six banks providing Transaction Banking services in Jordan, three of the largest now rely on iGTB, capturing an impressive 50% market share. 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.

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 998.35 as compared to the previous close of Rs. 997.85. The total number of shares traded during the day was 5139 in over 445 trades.

The stock hit an intraday high of Rs. 1014.50 and intraday low of 987.35. The net turnover during the day was Rs. 5142765.00.

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. For more information on iGTB, please visit

Source : Equity Bulls


IntellectDesignArena INE306R01017 iGTB JordanKuwaitBank