National Bank of Fujairah partners with Intellect’s eMACH.ai Cloud
By Gloria Methri
Intellect Global Transaction Banking (iGTB) has partnered with the National Bank of Fujairah (NBF), a UAE-based full-service Corporate Bank, to enhance its digital capabilities. This deal marks the first cloud-managed service for iGTB in this region.
NBF currently serves corporates and SMEs through its network in the UAE, providing financial services to optimise commercial opportunities and achieve sustainable growth for its clients. With the eMACH.ai Digital Transaction Banking solution, the National Bank of Fujairah can offer their clients a suite of comprehensive solutions backed by:
- Innovative Decision-Making and Enhanced Digital Capabilities: To improve information visibility and innovation, ensure quick decision-making, and provide a seamless user experience for corporate and SME clients.
- Cloud-powered Excellence: iGTB, with eMACH.ai Cloud, will provide a fully managed cloud service, freeing NBF to focus on business development and client service.
Manish Maakan, CEO of iGTB, said, “By selecting Intellect Global Transaction Banking, National Bank of Fujairah has chosen a strategic technology partner that offers scalability, operational efficiency, and the ability to grow alongside their business. The bank’s commitment to advancing its transaction banking infrastructure reflects the critical role of technology in driving growth and innovation in commercial banking.”
He added, “This is our first deal to be hosted on eMACH.ai Cloud-managed services in the region and is a significant step in UAE’s digital transaction banking landscape. Today, over 60% of the world’s best transaction banks win with iGTB. This deal signifies a pivotal step in cementing iGTB’s leadership position within the UAE and GCC market, underscoring our dedication to offering leading-edge digital banking solutions.”
IBSi Daily News Analysis
July 19, 2024
Commercial Banking
SMEs leverage cloud to gain competitive edge, study shows
Read MoreIBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage