Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena and Banco Santander, the euro zone's largest bank by market capitalisation, have agreed a deal to implement iGTB's Intellect Payments Services Hub (IPSH) bringing next-generation payments capabilities to its corporate clients.
iGTB's IPSH will allow Santander to be extremely agile and nimble in on-boarding new customers significantly reducing its time to market. Deployed from a single, centralised location, and coming with its own dedicated Payments Engine, the platform also enables Santander to update and expand its global cash management offering to new countries - introducing new products and processing payments in far greater volumes than before.
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).
