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CTB chooses Intellect for digi-transformation
Intellect Design Arena, a specialist in applying true Digital Technologies across Banking and Insurance, announces an engagement with the Commonwealth Trade Bank (CTB), a UK regulated wholesale bank, focused on supporting the financial needs of clients operating in the international trade arena.
Intellect will implement its Digital Core solution, IDC 19.1, which will accelerate the Bank’s digital transformation initiatives and drive its vision of becoming a technology enabled trade finance bank.
Acquired by GFG Alliance in April 2019, with the vision of meeting significant international trade opportunities in what is a substantially underserved market, the Bank’s vision is to be a specialist international trade bank. CTB chose Intellect’s fully integrated IDC 19.1 solution, across Corporate Core, Digital Channel, Lending, Treasury, Domestic and Cross Border Payments, Retail Deposits, Enterprise General Ledger and a robust regulatory reporting engine on a fully hosted model.
The solution will empower CTB to become integral to its customers across multiple segments. Speaking on this partnership, Peter Horton, The Commonwealth Trade Bank CEO, said, “Replacing our existing Core solution is a big step towards driving our transformation agenda. Designed for corporate as well as retail banking, Intellect is the right sized partner to drive CTB’s digital transformation vision.”
Rajesh Saxena, CEO, Global Consumer Banking, Intellect Design Arena Ltd, said, “With a strong alignment to the Bank’s ambitious growth agenda, our fully integrated IDC 19.1 will support their vision of becoming a responsive digital Bank.”