Intellect Design Arena surges over 3 per cent on huge deal winnings

Intellect Global Transaction Banking (iGTB), which is the transaction banking specialist from Intellect Design Arena Limited, today announced that it will support Societe Generale in implementing the world’s no.1 liquidity management solution.  

Societe Generale is a major player with experience of more than 150 years. It is currently supporting 29 million clients every day with 1,38,000 staff, spread across 62 countries.   

While 2020 was a year of great resilience, it has highlighted the urgent need for banks to deliver significantly increased sophistication in corporate treasury and liquidity management through automation & digitalisation to their corporate clients. New capabilities are required to meet the combined challenges presented by negative interest rates, restrictions on cross-currency and cross-border cash pooling, increasing expectations for self-service & delivering cross-functional efficiencies to corporate treasurers. Along with this, the financial institutions have been carefully shoring up their balance sheets and driving operational efficiencies to ensure appropriate levels of strength to deal with an uncertain economic environment.  

In this context, it has chosen Intellect iGTB for developing and implementing its world-leading liquidity management system (LMS).  

At 2.52 pm on Monday, the shares of Intellect Design were up by 3.32 per cent at Rs 704.10 on BSE.

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