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18-Jan2018

Intellect's iGTB implements supply chain finance platform for Bank of Baroda

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena, has implemented a comprehensive supply chain finance platform for Bank of Baroda, India's International Bank.

With a $418 billion finance gap in the Indian SME sector alone, the roll-out of the digital platform will extend new financing and working capital opportunities to the bank's numerous clients – and their partners – expected to boost the number of digital transactions across the nation.

The solution provides a full range of supply chain finance products – covering pre- and post-shipment, vendor finance, dealer finance and payable finance – and is highly flexible and scalable, with an omni-channel user interface that supports rich analytics. By increasing automation and straight-through processing, while enhancing reporting capabilities, the platform should drastically reduce transaction costs and risks while uplifting satisfaction of the bank's clients. 

Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).


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