iGTB powered Vietcombank wins IDC Financial Insights Innovation Award 2021 for transaction banking management

The awards program honors Asian financial services institutions who have realized business outcomes well through the novel application of IT innovation.

Apr 08, 2021 03:04 IST India Infoline News Service

Intellect Design Arena
Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence.

The Company congratulated Hanoi-headquartered Vietcombank for winning the IDC Financial Insights Innovation Award 2021; Best Bank in Vietnam for their Payments and Cash Management system initiative.

The well-known IDC Financial Insights Innovation Awards aims to recognise outstanding achievements in the financial sector for the use of technology. The awards program honours Asian financial services institutions who have realised business outcomes well through the novel application of IT innovation.

Vietcombank received this award for many notable achievements, among which included improving customer stickiness, acquisition of new customers, faster time-to market and product readiness.

Also cited was Digital 360 –the full seamless, omnichannel access by businesses to banking services using any device or channel, information from other banks, and integration with other services and access to external data sources – powered by iGTB’s Digital Transaction Banking (DTB) Enterprise Suite.

Commenting on the award, Manish Maakan, CEO, iGTB, said, “iGTB congratulates Vietcombank for this prestigious Financial Insights Innovation Award from IDC, one of the premier global providers of market intelligence and expert advisors on technology. We applaud the vision of Vietcombank to enhance their digital proposition in Vietnam for corporates, create customer stickiness with the ability to quickly respond to customer changes, backed by configurable technology platform by iGTB for faster responsiveness to the market needs."

At around 3:00 PM, Intellect Design Arena was trading at Rs717.30 per piece down by Rs17.75 or 2.41% on Sensex.

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