Intellect Design Arena Ltd.

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).