Intellect Design Arena offers technology to IDFC Bank

Combined digital solution would help the bank to introduce a differentiated form of banking

Intellect Design Arena Ltd, which offers digital technology for banking and insurance sector, has said the recently launched IDFC Bank, a subsidiary of infrastructure finance company IDFC Ltd, has implemented Intellect's Global Transaction Banking (iGTB) solution suite.

The combined digital solution would help the bank, launched in October 2015, to introduce a differentiated form of banking. iGTB will offer full suite of solutions including payments, cash management, corporate banking exchange (CBX) and liquidity sweeps to the bank.

"Intellect will assist IDFC Bank in its digital journey by proving real-time, flexible, and automated banking processes to maximise operational efficiency and provide best-in-class customer service," said Manish Maakan, CEO, iGTB, Intellect Design Arena Ltd.