Intellect Digital Core modernizes AFC Commercial Bank’s operations

Intellect Global Consumer Banking (iGCB), a subsidiary of Intellect Design Arena Limited, has recently announced a groundbreaking partnership with AFC Commercial Bank. AFC Bank will employ Intellect’s Core Banking offering, Intellect Digital Core (IDC), in a major move to modernize its operations and enhance customer experiences. The partnership marks a significant step forward in AFC Commercial Bank’s high-growth trajectory.

AFC Commercial Bank’s Goals with Intellect Digital Core

AFC Commercial Bank aims to leverage Intellect Digital Core to revolutionize its banking services. The IDC core banking solution will enable AFC Commercial Bank to deliver an omnichannel customer experience, manage personal finances with features like goal-based savings and spend analysis, offer DIY UI for complete control over the banking experience, and improve business visibility through real-time customer insights and reporting. The partnership aims to reduce customer churn and increase asset books through end-to-end digital lending.

AFC Commercial Bank chooses Intellect Digital Core for banking transformation. Photo courtesy of Intellect Design Arena Ltd.

Advanced Features of Intellect Digital Core

IDC is powered by eMACH.ai, the world’s largest, most comprehensive, and innovative open finance architecture. This will enable AFC Commercial Bank to introduce new products across various sectors, including current and savings accounts, deposits, cards, payments, lending, and more.

Key Stakeholders Weigh In

Rajesh Saxena, CEO of Intellect Global Consumer Banking (iGCB), stated, “We are excited to collaborate with AFC Commercial Bank and support their mission to provide a best-in-class experience to their customers.”

Ken Chitando, Managing Director at AFC Commercial Bank, added, “Intellect’s comprehensive solution will help drive our business forward and at the same time enable us to deliver game-changing financial services solutions in the most convenient manner.”