Industry

IBM and Intellect Design Arena aim to transform large banks with cloud

Share this post:

A new set of solutions from IBM and Intellect Design Arena will bring APIs, machine learning, predictive analytics and more cloud capabilities to automate and customize corporate banking.

IBM will work with Intellect Global Transaction Banking (iGTB), a subdivision of Intellect Design Arena, to “jointly develop applications, cloud services and infrastructure for financial institutions (FIs), while iGTB’s CBX S-18 corporate banking platform will be available through IBM Cloud to reach bank customers,” PYMNTS.com reports.

The cloud solutions is meant to enhance banks’ services geared toward corporate treasurers while reducing costs by providing suggestions for “best-next” actions.

“For banks undergoing digital transformation, the risk of slow and disruptive implementation is a pressing concern,” said Manish Maakan, CEO of iGTB. “Working with IBM, we’re ensuring that not only can we offer the most sophisticated transaction banking solutions, but we can serve clients through the IBM Cloud — implementing quickly, seamlessly and with minimal risk.”

To start, the two companies will focus on US-based banks.

For more about the banking-focused collaboration between Intellect Design Arena and IBM, read the full report on PYMNTS.com.

More Industry stories

BIOMIN helps farmers review mycotoxin risk with IBM and The Weather Company data

Mycotoxins, which are poisonous byproducts of naturally occurring mold fungi commonly growing on grain, are the single greatest natural contaminant threat in our food supply. Perhaps the single best-known mycotoxins would be aflatoxin, which was first discovered in the UK following the death of more than 100,000 young turkeys on poultry farms in England. Animal […]

Continue reading

IBM Garage helps Grupo Planetun improve auto inspection app capabilities

Investopedia describes “insurtech” (the term inspired by its commonly known cousin, “fintech”) as the use of technology to create savings and efficiency in the insurance industry. Investopedia also suggests that the insurance industry is ripe for innovation and disruption. At Grupo Planetun, we know this to be especially true in Brazil. In the Brazilian insurance […]

Continue reading

Why Serima Consulting developed its smart grid solution on IBM Cloud Private

Germany is in the process of completely transforming its energy sector at a pace unmatched by other industrialized nations. Nuclear power is phasing out as renewables are gradually taking over, according to Deutsche Welle, Germany’s international broadcaster. The country’s politically supervised shift in direction from nuclear and fossil fuels to renewable sources of energy is […]

Continue reading