Intellect Design Arena ties-up with PPI AG

Intellect Design Arena Limited, the leading B2B fintech has informed the bourses that its transaction banking division Intellect Global Transaction Banking (iGTB) and PPI AG which is a leading software product company in Europe formed a partnership for providing advanced end-to-end integrated solutions for transaction banking to cater to the needs of German and French banks.

The average IT spent in Europe is expected to increase by 6 to 9 per cent. The businesses in all verticals from Europe are expecting sophisticated localised payments technology from their financial service providers. Thus, this partnership will provide a local centre of excellence for distribution, implementation and maintenance.

iGTB's global experience and leading transaction banking front-end product suite will complement PPI's strong presence in Europe, in particular in Germany, Switzerland and France, and PPI's leading European end-to-end payments product expertise, equipping banks with superb solutions and services for their SME and corporate clients.

Intellect Design Arena is the world’s first full-spectrum Banking and Insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets (iRTM) and Insurance (Intellect SEEC).

On Friday, the stock of Intellect Design Arena opened at Rs. 200 per share. It has made intra-day high of Rs. 204.90 and intra-day low of Rs. 196.10 during the day.