Intellect Design Arena Limited (NSE: INTELLECT) announced that NCBA Bank has upgraded its online corporate banking platform, becoming the first bank in East Africa to deploy Intellect’s cloud-based eMACH.ai Digital Transaction Banking solution.
The enhanced platform, named Connect Plus, will provide NCBA’s corporate clients with faster transaction processing, expanded payment options, advanced cash and liquidity management, and seamless integrations with other financial platforms. The move aims to enhance efficiency, security, and scalability for NCBA’s growing regional network.
James Gossip, Managing Director of NCBA Bank Kenya, said that the upgrade aligns with Kenya’s Vision 2030 and the government’s Digital Economy initiative, adding that the new digital suite will help the bank serve corporates and SMEs across Africa with end-to-end transaction banking solutions.
Manish Maakan, CEO of Intellect’s Wholesale Banking division, stated that over 70% of the world’s top banks use eMACH.ai, and NCBA’s transformation marks Intellect’s third major digital banking project in Kenya and its 23rd client across Sub-Saharan Africa. He added that Intellect’s composable, AI-driven architecture would help NCBA gain a competitive edge in corporate banking by enabling rapid rollout of new cash management products.
The upgrade provides NCBA with a future-ready, composable architecture powered by microservices and open APIs, ensuring scalability and agility. The system will deliver a contextual banking experience, allowing tailored services across multiple customer segments.
With this launch, NCBA strengthens its position as Kenya’s third-largest bank by assets, operating across five countries—Kenya, Uganda, Tanzania, Rwanda, and Ivory Coast—serving over 60 million customers.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.
