Bank Albilad partners Intellect Design to enhance Saudi wholesale banking

Intellect Design Arena Ltd. has partnered with Bank Albilad to accelerate the bank's digital transformation in wholesale banking, aligning with Saudi Arabia's Vision 2030 goals of economic diversification, innovation, and financial inclusion. Utilizing Intellect's First Principles-based eMACH.ai platform, the collaboration aims to deliver advanced, customer-centric cash management solutions tailored to the evolving needs of various industries, enhancing operational efficiency, financial control, and digital agility. Bank Albilad's enhanced offerings will feature seamless multi-channel digital cash management, integrated secure mobile solutions, fully digitized self-service payment workflows with embedded foreign exchange capabilities, and over 100 APIs that enable personalized and contextual banking experiences. The partnership also focuses on intelligent automation to streamline customer onboarding, data migration, and process optimization, supporting a unified corporate login for superior digital self-service and facilitating cross-selling and customer acquisition. This initiative is poised to solidify Bank Albilad's leadership in the Saudi market, promoting private sector growth and setting a new benchmark in wholesale banking through innovation-led growth and customer-first design. The collaboration exemplifies a significant step towards modernizing corporate banking in Saudi Arabia by leveraging cutting-edge financial technology.