Intellect Design Arena has informed that Intellect Global Consumer Banking (iGCB), a business unit of Intellect Design Arena, announced that First Abu Dhabi Bank (FAB), the UAE’s global bank, has successfully implemented Intellect Consumer Banking’s Debt Management solution offered as a part of eMACH.ai Lending. The initiative marks a pivotal step in FAB's credit strategy to enhance operational efficiency and customer experience by transitioning to a comprehensive and automated digital process. First Abu Dhabi Bank is embarking on a transformative journey with Intellect, by implementing Intellect’s eMACH.ai Lending, thereby marking a significant step in the bank's digital roadmap. This collaboration reflects FAB's commitment to providing the most efficient, customer-centric banking experience across its expanding global network, building upon a technology partnership with Intellect that began in 2005. Please find enclosed herewith a copy of the proposed Media Release dated 16th June, 2025 titled ‘First Abu Dhabi Bank (FAB), UAE's global bank, accelerates digital transformation with Intellect's eMACH.ai Lending, setting new standards in debt management’.
The above information is a part of company’s filings submitted to BSE.