Intellect Global Transaction Banking (iGTB), the banking specialist of Intellect Design Arena Limited, ranked # 1 in banking worldwide by IBS Intelligence, today announced that Fifth Third Bank, National Association, has launched CBX, the first real banking platform. This platform strengthens Fifth Third Bank’s position as a digital leader and puts the needs of corporate clients at the forefront.
The platform enables Fifth Third Bank to leverage the capabilities of CBX, providing a simplified and consolidated view of assets and liabilities across a portfolio of national and international accounts, whether held locally or between banks, and enables cash and liquidity management, based on scenarios – based on fund concentration. Customers can optimize their working capital, in real time, on a cloud-native self-service platform.
âThis collaboration shows what is possible when two organizations work together to drive innovation and growth,â said Bridgit Chayt, senior vice president, business payments and cash management, Fifth Third Bank. âWe are committed to keeping our customers at the center of everything we do and providing them with the visibility and insight they need to succeed. “
Commenting on the launch, Manish Maakan, CEO of iGTB, said, âCBX’s global success continues and supports our continued growth in the United States with Fifth Third Bank. iGTB now has 11 clients in the United States on the Intellect portfolio. out of 25 in North America. The consumerization of commercial banking has been truly embraced by Fifth Third with their investment in CBX, raising the stakes to align with their own digital value proposition and to continuously deliver the best possible customer experience.
Mr. Maakan added, âThis go-live is a testament to the experience of Fifth Third Bank and the innovation its customers can count on. As leaders in contextual banking and engaged in global digital transformations, we’re taking a look at this go-live. as the result of the close collaboration with Fifth Third Bank. We continue to push the boundaries by providing cutting-edge commercial banking technology and look forward to deploying additional features to ensure Fifth Third Bank’s promise to deliver a superior customer experience is delivered.
âFrom a technical standpoint, ease of use and a top notch experience are hallmarks of all of our solutions. The CBX platform improves this with its increased visibility into accounts and automation. At Fifth Third, we make sure our customers have every tool possible in this changing economy to achieve their goals, âsaid Laura Listwan, Senior Vice President and Head of Commercial Payment Products.
- A suite of commercial banking capabilities ready to be deployed instantly. CBX covers all areas of commercial banking: account services, global and local payments, corporate liquidity and cash flow forecasting.
- Exceed customer expectations with rich user experiences. The interface of the platform is designed for global commercial banking business. CBX is a self-service solution for large and medium-sized businesses, as well as SMB customers. The platform provides contextual interactions, through personality-driven user journeys, allowing the bank to fully focus on creating and deepening customer relationships through a full service platform that combines solutions creative with strategic information to maximize customer value, compared to the competing bank. offerings.
- Multifunctional capabilities and options for seamless execution. Businesses can use CBX’s highly flexible, role-based interface that aggregates multi-bank information, performs analysis, enables informed decision-making, and initiates transactions.
- Ease of real-time visibility with aggregated information on a single, consolidated dashboard. Corporate clients will have complete control, visibility and access to liquidity when needed from a single view across all of their markets with various forms of data analysis that can be leveraged by the corporate CXO in time. real, at all times.
Shares of Intellect Design Arena Limited were last trading in BSE at Rs. 697.70 from the previous close of Rs. 706.85. The total number of shares traded during the day was 22,852 in more than 1,298 transactions.
The action hit an intraday high of Rs. 715.45 and an intraday low of 691.85. The net turnover during the day was Rs. 16,066,640.00.