UAE’s NBF joins Intellect for Wholesale Banking on Microsoft Azure

By Gloria Mathias

Intellect Global Transaction Banking (iGTB), the transaction banking business unit of Intellect Design Arena Ltd, has announced its partnership with the National Bank of Fujairah (NBF), a UAE-based full-service corporate bank, to enhance its digital capabilities.

This deal marks the first Microsoft Azure-managed service for Intellect’s eMACH.ai Cloud for Wholesale Banking in the Middle East.

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, NBF can offer:

• Innovative decision-making and enhanced digital capabilities: For improved information visibility and innovation, ensuring quick decision-making and a seamless user experience for corporate and SME clients.
• Cloud-powered excellence: iGTB, with Microsoft Azure, will provide a fully managed cloud service, freeing NBF to focus on business development and client service.

Adnan Anwar, CEO of the National Bank of Fujairah, said, “NBF, as part of its customer experience and digitalisation strategy, is adopting full-fledged cloud solutions for mission-critical applications in the wholesale banking space. Through this partnership with iGTB and Microsoft, implementing their comprehensive DTB solution on Azure Cloud will position us to revolutionise our digital banking capabilities, delivering unparalleled experience and security to our clients. “

Manish MaakanManish Maakan, CEO of iGTB, commented, “By selecting Intellect Global Transaction Banking, NBF has chosen a strategic technology partner that offers scalability, operational efficiency, and the ability to grow alongside its wholesale business.”

He added, “This is our first deal to be hosted on eMACH.ai cloud for wholesale banking on Microsoft Azure in the Middle East and is a significant step in the region’s digital banking landscape. Today, over 60% of the world’s best wholesale banks #winwithiGTB, and this deal signifies a pivotal step in cementing iGTB’s leadership position within the UAE & GCC market, underscoring our dedication to offering leading-edge digital banking solutions.”