FAB opts for digital transformation through iGTB’s Digital Transaction Banking (DTB)

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Comserve Inc.

Oct 07, 2020, 06:01 EST

Bronx, United States, Oct 07, 2020, 06:01 /Comserve / -- According to an announcement made by the Intellect Global Transaction Banking (iGTB), the First Abu Dhabi Bank (FAB), which is the largest bank in UAE

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Dubai, Oct. 06, 2020 - According to an announcement made by the Intellect Global Transaction Banking (iGTB), the First Abu Dhabi Bank (FAB), which is the largest bank in UAE, in order to improve the bank’s liquidity management capabilities has progressed its relationship with iGTB. iGTB is a transaction banking and technology specialist from Intellect Design Arena Limited. For cash management and to attract the largest set of clients, liquidity management is being viewed as a key step. This would allow FAB to improve its risk-adjusted returns.

With the help of iGTB’s lending capabilities at an inter-company level, FAB has gained the potential to offer in-house banking facilities to its top corporate clients. In order to support shareholder value creation, the in-house banking facilities help FAB’s clients increase the ideal allocation of debt as compared to equity within the wider group. There is also a scenario for optimal capitalization of entities in the group in order to meet various investment requirements along with growth targets of Operation Heads of entities. The Group Corporate Treasurers have to chance to leverage these various entities’ varying levels of funding access.

This is the biggest and the first large-scale intercompany lending implementation in the region which places FAB with a credible first-mover advantage and also positions it to become the principal banking service provider to a wide range of corporates.

The liquidity solutions provided by iGTB also provides sophisticated automation along with detailed analysis. This is done with a top of the line comprehensive digital, self-service, and front-end experience that is not only simpler but also seamless which helps the bank not only gain but also retain their clients. There are more than 30 other global banking groups that are gaining through this world-leading solution. This Liquidity Management Solution takes care of 23% of the world’s cross-border MNC sweeping structure flows. It is also present in more than 70 countries.

Back in July 2020, iGTB was ranked in the first place in the world for Wholesale Banking – Transaction Banking. This was given by the independent analyst IBS Intelligence published in their IBS Annual Sales League Table 2020.

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