From left to proper: Vishal Singh, Regional Head, Africa, iGCB, Ken Chitando, Managing Director, AFC Commercial Bank, Munyaradzi Mateko, CEO, FinSys One (Accomplice)
Intellect Global Consumer Banking
AFC Commercial Bank joins the league of 20+ revolutionary banks in Africa leveraging iGCB capabilities to
energy its digital banking expertise
— Rajesh Saxena, Chief Government Officer, Intellect Global Consumer Banking
ZIMBABWE, September 15, 2023/EINPresswire.com/ — Intellect Global Consumer Banking (iGCB), the buyer banking arm of Intellect Design Enviornment Restricted, lately introduced that AFC Commercial Bank has chosen iGCB’s Core Banking providing, Intellect Digital Core (IDC) to modernise its banking operations.
The financial institution which is on a excessive development trajectory goals to leverage cutting-edge applied sciences to remodel its banking expertise. The partnership with Intellect will allow AFC Commercial Bank to ship a seamless and personalised banking expertise to its clients. By utilising IDC’s core banking resolution, AFC Commercial Bank will be capable to:
– Ship omnichannel buyer expertise with intuitive UI/UX and contextual provides
– Present higher administration of private funds to clients by options like goal-based financial savings and spend evaluation
– Supply full management of banking expertise to clients by DIY UI
– Enhance enterprise visibility by CXO cockpit with enhanced real-time 360° buyer insights and reporting
– Cut back inactive clients by churn evaluation
– Improve asset ebook with end-to-end digital lending
Powered by eMACH.ai (Occasions-driven, Microservices-based, API, Cloud, Headless with underlying AI fashions), the world’s largest, most complete and revolutionary open finance structure, IDC permits banks to launch revolutionary merchandise throughout present and financial savings accounts, deposits, playing cards, funds, lending, treasury and commerce finance to cater their clients’ ever-evolving banking necessities.
Rajesh Saxena, CEO, Global Consumer Banking (iGCB), Intellect Design Enviornment, says, “The African banking trade has developed tremendously up to now few years. Banks are wanting for know-how platforms that may assist them remodel progressively based mostly on market wants. IDC’s absolutely composable structure helps them to do precisely that, on a pay-as-you-grow mannequin. We’re excited to collaborate with AFC Commercial Bank and assist their mission to supply a best-in-class expertise to their clients.”
Ken Chitando, AFC Commercial Bank Managing Director, says, “We’re embarking on this end-to-end banking transformation to make sure that our clients obtain a superior banking expertise that’s really unparalleled within the trade. The choice to accomplice with Intellect Global Consumer Banking was pushed by the necessity to supply an enhanced banking expertise to our clients. In an atmosphere the place leading edge know-how has enabled stiffer competitors we actually wanted to have the ability to supply service that’s head and shoulders above the remainder of the market gamers. Intellect’s complete resolution, which we consider covers all features of our banking operations will assist drive our enterprise ahead and on the identical time allow us to ship recreation altering monetary companies options in essentially the most handy method. Their skill to seamlessly combine with different companions additional solidified our selection. Most significantly, we had been impressed by the general staff’s partnership method, reflecting their dedication to our success and the shared aim of delivering distinctive worth to our clients.”
About AFC Commercial Bank Restricted
AFC Commercial Bank Restricted is integrated beneath the Zimbabwe Firms Act (Chapter 24:03) and is registered as a Commercial financial institution by way of the Zimbabwe Banking Act (24:20). The Bank’s predominant enterprise is provision of associated loans, retail banking companies, discounting payments, treasury companies and provision of bridging finance. The Bank is a mortgage granting and deposit taking monetary establishment topic to the supervision of the Reserve Bank of Zimbabwe.
The Bank developed from the Land and Agricultural Bank (LAB) of 1924. AFC Commercial Bank is 100% owned by AFC Holdings. AFC Holdings presently operates beneath a authorized framework the place the Authorities of Zimbabwe owns the financial institution by its Ministries. The Ministry of Finance and Financial Improvement and the Ministry of Lands, Agriculture, Fisheries, Water, Local weather and Rural Improvement keep a 50% shareholding apiece within the establishment. For extra data go to www.afcholdings.co.zw
About Intellect Global Consumer Banking (iGCB)
iGCB, the Retail and Central Banking Options arm of Intellect, provides an end-to-end Contextual Banking suite for retail and company banking throughout Core Banking, Lending, Playing cards, Digital Banking, and Central Banking. Its distinctive mix of built-in performance and agility is made potential by its Microservices-based, API-first, cloud-native structure with highly effective integration capabilities. iGCB brings to the desk a deep information of the developed and creating monetary market house and seeks to be the Innovation Accomplice for those that are captivated with remodeling the way forward for fintech!
www.igcb.com
About Intellect Design Enviornment
Intellect Design Enviornment Ltd. has the world’s largest cloud-native, API-led microservices-based multi-product platform for Global leaders in Banking, Insurance coverage, and Capital Markets. eMACH.ai, essentially the most complete open finance platform is on the forefront of the BankTech Wave 5, a important phenomenon that allows banks and monetary establishments to maneuver from product and course of to design and expertise to compose their distinctive “My Signature Answer”. With over three a long time of deep area experience, Intellect is the model that progressive monetary establishments depend on for digital transformation initiatives. It provides a full spectrum of banking and insurance coverage know-how merchandise by its three strains of companies i.e. Intellect Global Consumer Banking (iGCB), Intellect Global Transaction Banking (iGTB), and Intellect AI.
Intellect pioneered Design Pondering to create cutting-edge merchandise and options for banking and insurance coverage, with design being the corporate’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design middle for monetary know-how, displays Intellect’s dedication to steady and impactful innovation, addressing the rising want for digital transformation. Intellect serves over 270 clients by places of work in 57 nations and with a various workforce of resolution architects, and area and know-how specialists in main international monetary hubs world wide. For additional data on the organisation and its options, please go to www.intellectdesign.com
Nachu Nagappan
Intellect Design Enviornment Restricted
+91 89396 19676
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