Intellect Design Arena Ltd.

Intellect Design Arena, a specialist in applying true Digital Technologies across Banking & Insurance, has implemented its Intellect Custody Solution in Commercial International Bank (CIB), the largest private-sector bank in Egypt. With the unique web-based interface implementation, CIB will be able to maximize the throughput rate while minimizing infrastructure and communication cost. Deployment was completed within a time frame of six months, automating the complete process of Custodial Services at the bank.

With the flexible interfacing capability that enables easy integration with the existing Core Banking system, the bank will now have access to real-time information and improved straight-through processing in all areas of custody operations from deal capture to clearing, settlement, and corporate actions. The automation of Central Depository (MCDR) interface will provide enhanced operational productivity, mitigation of risks associated with manual operations, end-to-end trade tracking and settlement across all instrument types. Automation of MCDR is significant to the bank as 75% of the business transactions are settled through this interface.  Intellect Custody will also enable CIB to service clients' diverse investment strategies coupled with multi-lingual capability of clients' reporting requirements.

Intellect Design Arena is a Polaris Group company, a global leader in Financial Technology for Banking, Insurance and other Financial Services. Intellect embodies rich Intellectual Property and robust platforms & products across Global Consumer Banking (iGCB), Central Banking, Risk & Treasury Management (iRTM), Global Transaction Banking (iGTB) and Insurance (Intellect SEEC).