Intellect Design partners with Saudi Arabia's Bank Albilad to enhance its cash management

Chennai-headquartered Intellect Design Arena Ltd., on Thursday, partnered with Bank Albilad, a leading bank of the Kingdom of Saudi Arabia, to enhance its digital banking, specifically, cash management capabilities.

The collaboration will utilise Intellect's eMACH.ai platform to offer digital cash management services, mobile solutions, and advanced product offerings. eMACH.ai is an open finance platform designed by the technology firm to help financial institutions build and operate future-ready technology solutions. 

Bank Albilad, a Saudi joint-stock company and a provider of Islamic banking solutions, headquartered in Riyadh, is driving the concept of wholesale banking in Saudi Arabia. With emerging technologies and intelligent platforms, the bank will deliver customer-centric and future-ready solutions. These investments will help secure the bank’s leadership in the Saudi market, creating business impact, driving efficiencies, enhancing user experience, and defining the future of banking.

Aligned with Saudi Arabia’s Vision 2030, this transformation marks a paradigm shift in wholesale banking with a focus on economic diversification and innovation. Powered by Intellect’s First Principles-based eMACH.ai platform, the cash management solutions meet the evolving needs across all industries, supporting the private sector and enabling financial inclusion, the company said in a statement. 

Manish Maakan, CEO – Wholesale Banking, Intellect Design Arena Ltd., said, “The collaboration aligns with the Kingdom’s ongoing digital transformation and Saudi Vision 2030. The eMACH.ai Digital Transaction Banking platform will enable Bank Albilad to offer smarter, more efficient services to corporate clients. The AI-driven insights will enhance customer experience and deliver differentiated and trusted cash management experiences.”

In June First Abu Dhabi Bank (FAB) deployed a debt management solution from Intellect Global Consumer Banking (iGCB), a unit of Intellect Design Arena. The system is part of Intellect’s eMACH.ai Lending platform. This move is stated to be part of FAB’s credit strategy to bolster operational efficiency and customer experience by transitioning to a “comprehensive” and automated digital process.