Union Bank of India goes live on iGTB cash management system
Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Ltd, announced Union Bank of India (UBI) has gone live with Cash Management System built on eMACH.ai for end-to-end transaction completion and stability.
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The solution deployed at UBI has been designed and implemented to handle the high volume of transactions for payments and mandates. Intellect bagged this prestigious logo amidst tough competition, showcasing Intellect’s stack capabilities with a very high fitment to the RFP.
The eMACH.ai powered cash management implementation at Union Bank of India is one of the fastest implementations in this space with a record go-live time of 5 months from commencement.
Ramanan SV, Chief Executive Officer, India and South Asia, Intellect Design Arena Limited said, “India is at the helm of transaction banking transformation today with a steep increase in the volume of digital transactions. We are immensely proud to partner with one of the largest Tier-1 public sector banks in India to automate and elevate their enterprise-wide cash flows. This partnership is a testament to our technological prowess at iGTB and our commanding market coverage, showcasing our India’s stack capabilities.”