Intellect Design Arena Signs Corporate Banking Transformation Deal With UAE Lender
Key Takeaways
- •Intellect Design Arena has entered a corporate banking transformation deal with a Sharjah-based financial institution.
- •The company will deploy its transaction banking suite to modernize the lender’s corporate banking platform.
- •The platform supports business banking services such as payments and cash-management operations.
- •The agreement is intended to support high-volume corporate banking activity for the UAE lender.
Intellect Design Arena has signed a corporate banking transformation deal with a financial institution based in Sharjah, United Arab Emirates, according to CNBC-TV18.
Under the partnership, Intellect Design Arena will modernize the lender’s corporate banking platform by deploying Intellect’s transaction banking suite.
Corporate banking platforms are used by banks to support services for business customers, including transaction banking workflows such as payments and cash-management operations. Technology upgrades in this area are typically aimed at improving the systems that handle high-volume banking activity for corporate clients.
The agreement is aimed at supporting the UAE lender’s corporate banking operations through the implementation of Intellect’s banking technology platform.
Source: CNBC-TV18
