Chennai, India, September 14, 2016
Intellect iGTB, the organisation behind the world's first comprehensive global transaction banking solution announced that its client CIBC has implemented phase 1 of the bank's next generation payments infrastructure for business clients.
CIBC's goal is to drive growth by leading with innovation while helping to simplify how clients manage their business.
Phil Griffiths, SVP & Head of Global Transaction Banking, CIBC said, "CIBC is focused on innovation that makes a difference for our clients, and leveraging this new platform enhances our ability to deliver new capabilities, support emerging technologies such as blockchain, and positions us well to lead in the rapidly evolving payments market in Canada and the United States as they move towards real time payments and transmitting enhanced remittance data.
Al Carpetto, EVP & Head of America's, at Intellect iGTB said, "We are thrilled to support CIBC's innovative agenda in the Transaction Banking and payments space. Helping banks and their customers to manage payments, automate receivables, while also optimizing liquidity is all part of our end goal. iGTB has invested in the right technology and believes that our Payment solutions will help CIBC and our customers in their journey of digital transformation."