Intellect Design Arena Ltd.

Intellect Design Arena has informed that it enclosed a copy of the proposed Media Release dated 17th November 2021 titled - Fifth Third Bank launches new contextual and cloud-native self-service user experience from Intellect Global Transaction Banking. Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked No.1 in the world for Transaction Banking by IBS Intelligence, today announced that Fifth Third Bank, National Association, has launched CBX, the first true contextual banking platform. This platform strengthens Fifth Third Bank's position as a digital leader and positions the needs of corporate customers at the forefront. The platform allows Fifth Third Bank to harness CBX's capabilities, providing a simplified and consolidated view of assets and liabilities across a portfolio of domestic and international accounts, whether locally held or cross-bank, and allows for cash and liquidity management, based on scenario-based concentration of funds. Customers can optimize their working capital, in real-time, on a cloud-native, self-service platform.

The above information is a part of company’s filings submitted to BSE.