Boubyan Bank in Kuwait has completed the second phase of implementing Intellect Design Arena’s eMACH.ai Digital Transaction Banking solution. Here’s what the new platform brings:
Automated Cash Management: The platform helps the bank manage its cash positions automatically.
Improved Receivables Management: It streamlines how the bank handles incoming payments.
Faster Payments: With the EPay system, payments can be made quickly using QR codes.
ERP Integration: The platform allows corporate clients to connect their systems with the bank’s services seamlessly.
This upgrade strengthens Boubyan Bank’s position in Kuwait’s corporate banking sector and improves digital services for both corporate and SME clients.
Key Points:
• The platform serves sectors like oil and gas, telecom, fintech, real estate, and trading.
• Intellect Design Arena, now working with three major Kuwaiti banks, offers solutions in 57 countries.
• The company’s eMACH.ai platform features 386 microservices and over 2015 APIs.
• Boubyan Bank’s CEO, Abdul-Salam Mohammed Al-Saleh, stated that digitization supports both Islamic banking values and modern banking services.
• This is part of the bank’s five-year strategy focused on digital growth and customer service.
