As part of its digital transformation, China Banking Corporation (China Bank) tapped Intellect Design Arena Ltd. for the implementation of a fully digital trust and wealth management platform using Intellect’s WealthQube suite. The system recently went live and is expected to further improve relationship management and client servicing for the Bank’s trust and wealth customers.
China Bank has one of the largest trust banking operations in the Philippines, with over P200 billion in assets under management. The Bank offers a wide range of investment products and services across asset classes—from unit investment trust funds, to fixed income securities, to equities. With the robust straight-through-processing solution from Intellect, China Bank will be able to efficiently handle the growing business volume and stringent regulatory requirements, and at the same time, provide enhanced end-to-end customer experience, better advisory service by leveraging powerful analytics tools, frictionless client on-boarding, and real-time customer support.
“A strong digital backbone enhances China Bank’s value proposition as a trusted financial adviser. We will continue to roll-out the right technologies and platforms to better serve our customers and to help them plan and secure their financial future,” said China Bank Chief Finance Officer Patrick Cheng.
“We are delighted to help China Bank in their digital transformation journey. The WealthQube suite is built on Intellect’s Hyperscale-C Composable architecture that allows banks to build composable solutions and rapidly deliver new products in a hyper competitive marketplace,” said Intellect Design Arena President Jaideep Billa.
Intellect Design Arena Ltd. is a global leader in financial technology for banking, insurance, and other financial services.