Now, access corporate banking services on Apple, smartwatch devices
Platform also helps protect banks from commercial risks
 "Now, access corporate banking services on Apple, smartwatch devices")
Intellect Design Arena's iGTB has launched a new solution that helps users access corporate banking services from their Apple Watch and smartwatch devices.
Intellect Design Arena was a part of Polaris Consulting before its demerger.
The platform includes sanctions screening, an artificial-intelligence-powered solution that goes beyond current KYC methods by incorporating a natural-language contextual search of social media to protect banks from commercial risks.
Quoting a Morgan Stanely report, the company said that the cost of breaking sanctions is around $12 billion. It further said that around 6% of banks' supposedly clean names were discovered to be high risk.
The company has also released a new version of its digital enterprise platform CBX.
CBX features centralised fine-grain bank-grade entitlements, a payments pre-processor (e.g. for tanking future payments), a fees and charges module to allow bundled cash and trade volume discounting, online chat features and biometric log-in as well as customary enhancements to user experience.