Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena, and PPI AG, the leading software product company in Europe have entered into partnership to provide advanced end-to-end integrated solutions for transaction banking localised for the needs of German and French banks.With the average IT spent in Europe expected to increase by 6% to 9%, it is expected that growing expectations around the user experience, alongside delivering operational efficiencies will see businesses in all verticals from Europe expecting sophisticated localised payments technology from their financial service providers. This partnership will provide a local center of excellence for distribution, implementation and maintenance.
Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).