Intellect Design partners with CreditorWatch to provide credit payment data in Australia

Intellect Design Arena, a global leader in financial technology across banking & insurance announced on Wednesday that it has appointed CreditorWatch, a commercial credit reporting bureau, to deliver commercial data & insights on sole traders to Australian Securities Exchange (ASX) listed public companies.

Intellect Design Arena uses CreditorWatch API for retrieving the credit and late payment history of small to medium enterprise (SME) customers that are not publicly available. The company then derives the credit scores and late payment risk scores for the fabric data services platform (FDS). The intellect FDS gives the companies access to a large number of third-party data sources including, credit scores, company and director court filings, industry data, company reviews, and sentiment analysis.

Speaking on the announcement, Banesh Prabhu, Chief Executive Officer of Intellect Design’s Insurance division stated that the company was pleased to be partnered with CreditorWatch to expand its reach in the Australian markets.

Intellect Design Arena is engaged in the business of software development and providing software product licence & related services. Its portfolio spans across global consumer banking, central banking, risk and treasury management, global transaction banking & insurance.

On Wednesday, the stock of Intellect Design Arena was trading at Rs 287.50 per share, down by 0.33 per cent or Rs 0.95 per share on BSE, against a 1.09 per cent decline in the benchmark index. The 52-week high was recorded at Rs 296.50 and the 52-week low was Rs 44 on BSE.