Intellect Design Arena has entered into partnership with Al Rajhi Bank, the largest Islamic bank in the world by assets, in order to implement a comprehensive digital transformation of its corporate and retail banking services in Malaysia. The transformation, set to begin this month, is designed to provide customers of Al Rajhi Banking & Investment Corporation (Malaysia) Berhad, ARBM, with a much simpler but richer banking experience based on a comprehensive, front to back solution, freed from the physical limitations of branch-based banking.
The move will allow ARBM to reach new customers across Malaysia efficiently through modern online, mobile and tablet banking applications, while the bank plans to retain the personal touch with a mobile sales force and pop-up branches. This digital transformation will give clients a new level of control over their banking activities. It not only enables them to manage their accounts regardless of location, but also gives them access to new and enhanced services.
Intellect Design Arena is a global leader in Financial Technology for Banking, Insurance and other Financial Services. It offers a digital platform that enables products across four distinct lines of businesses namely global consumer banking (iGCB), risk and treasury management (iRTM), global transaction banking (iGTB), central banking and insurance (Intellect SEEC).