Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena Ltd, has officially launched eMACH.ai Cloud for Wholesale Banking. This groundbreaking platform is built on foundational principles to provide wholesale banks with a complete range of integrated services, specifically designed to address the intricate requirements of corporate clients from various sectors. It also facilitates the modernization and efficient scaling of banking operations.
Wholesale banks are encountering shifting client expectations, increased competition, and regulatory hurdles, necessitating flexible and forward-thinking solutions. eMACH.ai Cloud addresses these needs by providing a comprehensive end-to-end platform that transcends conventional banking. It encompasses a wide range of services, including cash management, trade finance, corporate lending, deposits, cards, treasury, brokerage, and foreign exchange, thereby removing the reliance on multiple systems.
The platform will create new revenue streams, enhance operational efficiency, and speed up the launch of new products. This comprehensive solution enables banks to stay competitive while ensuring compliance with regulations and fulfilling their Environmental, Social, and Governance (ESG) commitments.
Manish Maakan, CEO of iGTB said, “We are thrilled to introduce eMACH.ai Cloud for Wholesale Banking, a breakthrough platform that redefines the way wholesale banks operate. By delivering a unified, integrated solution, we are enabling banks to not only enhance operational efficiency and reduce costs but also to tap into new revenue streams and accelerate their growth ambitions. In today’s dynamic market, wholesale banks need agility, and eMACH.ai Cloud gives them the tools to deliver exceptional value to their clients while driving innovation in their business models. Our platform equips wholesale banks with everything they need to thrive in a complex financial ecosystem – from managing liquidity and meeting evolving compliance demands to achieving ESG targets and enabling sustainable finance. With eMACH.ai Cloud, banks can confidently embrace the future, secure in the knowledge that they have the most advanced technology at their disposal.”
eMACH.ai Cloud offers a Single Unified System for wholesale banking, streamlining operations by integrating multiple functions into one platform. It is scalable and tailored to various sectors, enhancing operational efficiency and reducing costs through automation and reduced reliance on legacy systems. The platform enables banks to boost non-interest income through cross-selling and service bundling. Additionally, eMACH.ai Cloud supports progressive modernization, helping banks adapt to market changes while ensuring compliance with regulatory requirements and promoting ESG and sustainable finance initiatives.
