NCSL taps iGCB’s core banking system to bolster its financial services portfolio

By Gloria Mathias

Intellect Global Consumer Banking (iGCB) has announced that NASFUND Contributors Savings & Loan Society (NCSL), the savings and loan societies, has chosen to implement iGCB’s core banking system, IDC, to improve the quality of life of their members with a wide range of savings and loan products. 

NCSL is in Papua New Guinea with a rapidly expanding membership and a range of services to improve and enhance customer service for the convenience of its members.

The institution is looking to digitally transform its business by introducing 100% automation in its processes, including onboarding of Members, Loan initiation & Processing, Member Contribution and Reconciliation.  

IDC will enable NCSL to do the following:

• Integrated banking suite with Current and Savings Accounts, Deposits, Payments, Lending, Treasury, and Digital banking 
• eMACH.ai platform that will help NCSL swiftly launch additional functionalities like Member Portal, Employer Portal, and Contribution Processing 
• Omnichannel banking: delivering real-time and contextual member experiences 
• PNG-ready Marketplace, enabling the bank to drive value creation 
• A cloud-native platform enabling scalability on demand 

Robert Loggia, General Manager Operations & ICT, NASFUND Contributors Savings & Loan Society, shared, “Our vision at NCSL is to be the best provider of e-banking and loan services in Papua New Guinea. iGCB’s cutting-edge solutions, complemented by MACH-enabled architecture and a customer-centric user experience, positioned them seamlessly as our ideal partner for the digital transformation journey. Their market-leading expertise aligns perfectly with our vision, ensuring a transformative and user-friendly approach to our digital evolution.”

Rajesh Saxena, CEO of Global Consumer Banking (iGCB), Intellect Design Arena said, “iGCB is thrilled to support NCSL’s digital transformation journey that will help strengthen its market leadership, foster financial growth, and enhance member experience. Our comprehensive core banking platform will enable NCSL to automate its operations and curate unique financial experiences for their customers. This partnership further underscores our commitment to redefine banking excellence in PNG, reflecting our dedication to empowering financial institutions and communities for sustained success.” 

NCSL would leverage iGCB’s core banking system, Intellect Digital Core (IDC) to empower members with solutions for comprehensive financial growth and stability.