Transaction banking vertical head Intellect Global Transaction Banking has partnered with Dubai-based National Bank of Fujairah. The collaboration will provide NBF with the ability to drive up its digital capacity by using iGTB’s eMACH.ai Digital Transaction Banking solution. This is said to be the very first cloud-managed service deployment for iGTB in the region.
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About National Bank of Fujairah
National Bank of Fujairah is a full-service corporate bank in Dubai, UAE, with award-winning services. It supports corporates and SMEs with a suite of financial products. The overall strategy of the bank is aimed at assisting the clients in realizing the highest potential with regard to commercial prospects and growth sustainability.
Highlights of the Partnership
The partnership of iGTB with NBF is focused on leveraging advanced digital solutions in making the transaction banking suite stronger. Here are the key features of the collaboration:
- Advanced Decisiveness and Digital Capabilities
The iGTB eMACH.ai Digital Transaction Banking solution, which will come with advanced decision-making and digital capabilities, will put NBF ahead. This will enhance the visibility of information across the board and bring on board advanced features with assured fast decision-making and user experience for corporate clients.
- Cloud-powered Excellence
The deployment of a fully managed cloud service by iGTB, driven by eMACH.ai Cloud, among others, will release NBF to focus on the business development and client servicing, discarding the technology challenges besieging digital banking. The cloud service guarantees efficiency, top security, and scalability.
Benefits for NBF Clients
Through this partnership, NBF clients can expect a range of benefits that enhance their banking experience:
- Comprehensive Solutions: The eMACH.ai platform is equipped with a variety of solutions to meet varied transaction banking requirements, which will help clients manage their financial operations effectively.
- Improved User Experience: With an enhanced digital interface, the user experience for clients will be transformed into a more intuitive, much faster, seamless experience in banking engagement and operations.
- Strategic Focus: By availing of the cloud-managed services offered by iGTB, NBF will be able to focus on strategic initiatives and client relationships rather than daily operations, thus driving growth and innovation in its offerings.
Strategic Significance
This partnership is of great value to both iGTB and NBF. For iGTB, it would establish their cloud-managed services in the Middle East, thus evidencing the company’s commitment to bringing pioneering banking solutions across the region. On the other hand, for NBF, this move gives them a chance to further strengthen their digital capabilities and render cutting-edge services to their clientele.
Market Impact
This partnership is bound to have an optimistic effect on the UAE’s banking sector with highly sophisticated digital solutions:
- Increased Competitiveness: Achieving the highest standards in technological improvement, NBF cements its very leadership in corporate banking.
- Client Empowerment: The empowered capabilities give clients better decision-making power and enhance operational efficiency toward the attainment of better business outcomes.
- Innovation in Banking: The partnership epitomizes the power of innovation in banking and encourages other financial institutions in the region to follow suit in similar digital transformations.
The cooperation between Intellect Global Transaction Banking and the National Bank of Fujairah becomes one of the most prominent moves in the area’s banking industry. With the integration of iGTB’s eMACH.ai Digital Transaction Banking solution, NBF will be able to offer advanced digital capabilities combined with best-in-class client service. This not only firmly entrenches NBF in its commitment to innovation but has also set a new benchmark of digital excellence within the UAE banking sector.
