Intellect Design Arena has been chosen by Khan Bank, the largest commercial bank in Mongolia, to digitalize collection process. Khan Bank has selected Intellect’s debt management platform to centralize operations and digitalize its collections process. Intellect’s Digital Debt Management system will allow Khan Bank to manage its collections and recoveries more effectively and efficiently.
With 537 branches across Mongolia, Khan Bank is one of the largest commercial banks in Mongolia and provides banking services to an estimated 70% of Mongolian families. Centralization of Khan Bank’s operations with Intellect’s system will help the bank manage its collections and recoveries, automate those processes, and monitor them across the bank’s branches, as well as allow the bank’s staff to focus on more business-centric work.
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).