Intellect Global Transaction Banking (iGTB), the transaction banking unit of Intellect Design Arena, has successfully implemented the second phase of its eMACH.ai DTB solution at Boubyan Bank, a leading Islamic bank in Kuwait. This milestone marks a major advancement in Boubyan Bank’s digital transformation efforts, providing innovative solutions that enhance financial efficiency and operational agility for a variety of industries.
Key Industries Benefiting from eMACH.ai Solutions:
- Telecom: Streamlined billing, revenue collection, and cross-border payments for better cash flow management.
- Fintech: Scalable and secure solutions supporting growth for tech startups via Banking-as-a-Service.
- Real Estate: Improved financial oversight and receivables reconciliation for large-scale projects.
- Trading Services: Real-time insights for optimizing working capital and facilitating seamless cross-border transactions.
- Oil & Gas: Optimized liquidity management and real-time cash flow tracking amidst market volatility.
Key Features of the Solution:
- Liquidity Management: Automated control over cash positions for optimized liquidity usage.
- Receivables Automation: Enhanced reconciliation accuracy and transaction tracking through virtual accounts.
- Digital Receivables Solution: EPay accelerates days sales outstanding (DSO) with proactive recovery via Payment Link QR Code.
- Enterprise-Grade Mobility: Secure access to financial tools, driving agility and operational efficiency.
- H2H Connectivity: Seamless integration with ERPs and Treasury Management Systems for straight-through processing.
This successful implementation strengthens Boubyan Bank’s position as the principal corporate bank in Kuwait, offering a suite of transaction banking services that enhance customer engagement and loyalty.
