Intellect Design Arena expands its operations in Europe; wins major deal

Intellect Arena Limited informed during the second half of Thursday's trading session that it has got a chance to be a part of the transformation process of one of Europe’s leading e-commerce entity’s credit business.

Intellect Design Arena Ltd, a cloud native & future ready multiproduct FinTech company, has braced up its presence after being selected as a preferred partner by Germany’s leading e-commerce player, OTTO GmbH & Co. KG, for the digital transformation of their payments and financing platform.

OTTO is observed to be a part of one of the largest and most successful e-commerce companies in Europe. It is one of the biggest online retailers globally and has its presence in over 20 countries. The lending solution from Intellect Design Arena promises a scalable and future proof technology to support all forms of credit arrangements that the client's business requires.

Intellect Design Arena Limited is engaged in the business of software development and providing software product license & related services. Its geographical segments include India, Middle East & Africa; Asia Pacific; Europe, and America. It has a portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking & insurance. 

Intellect Arena's share was trading at Rs 327 on Friday during the first half of the trading session, which was 1 per cent down on BSE.