VakifBank International AG, chooses eMACH.ai based Digital Core and Lending platform for a multi-country implementation

Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, announces that VakifBank International AG, part of Türkiye Vakiflar Bankasi T.A.O has selected iGCB’s platforms Intellect Digital Core (IDC) and Digital lending to transform its overall banking. This is the second strategic core banking transformation deal announcement for iGCB in Europe in close succession to the partnership with a leading European Bank on December 8.

VakifBank International AG headquartered in Austria and present in Hungary will leverage eMACH.ai-based Digital Core and Lending platform to:

• Launch innovative products and features through the composable architecture-based platform, giving access to ready microservices, packaged business components and events.
• Bank will be able to go to market faster with a country-ready marketplace leveraging APIs.
• Improve business visibility through CXO cockpit with enhanced real-time 360° customer insights and reporting
• Manage and reduce inactive customers through churn analysis
• Increase asset book with end-to-end digital lending
• Start banking operations in Hungary

Taner Ayhan, CEO, VakifBank International AG says, “As VakifBank, we have always been committed to providing the best services and solutions to our customers, and we believe that iGCB’s products will enable us to achieve our vision of becoming a leading digital bank in Europe. iGCB’s Digital Core and Lending platform offers us the flexibility, scalability and innovation that we need to meet the evolving needs and expectations of our customers, while also optimising our operational efficiency and compliance. We are excited and look forward to working with iGCB to create a seamless and superior banking experience for our customers.”

Rajesh Saxena, Chief Executive Officer, iGCB, Intellect Design Arena Ltd, says, “iGCB is a leading technology provider in the European region with three decades of experience. Our platforms Digital Core and Lending, designed for the European market deliver end-to-end digital capabilities, on a composable and scalable architecture. We are delighted to have been selected by VakifBank International to transform its banking operations and offer superior customer experience, efficiency and agility. We are confident that our solutions will help VakifBank International achieve its vision of becoming a leading digital bank in the region and beyond. We thank VakifBank for trusting us with this opportunity and look forward to a long and fruitful collaboration.”