UK-based global bank partners with Intellect eMACH.ai Platform to accelerate its international wholesale banking expansion
The 52-Week High is Rs 1,142.55 and the 52-Week Low is Rs 555.05 per cent
Intellect Design Arena Ltd. announced that it had established a large partnership agreement with a major UK financial institution for a period of multiple years and millions of dollars. The partnership utilises Intellect's eMACH.ai Wholesale Banking platform to speed up the bank's international growth strategy while delivering personalised customer experiences. The platform's unified architecture eliminates system fragmentation, enabling the bank to operate with agility and intelligence.
The integrated platform solution from Intellect will enable the bank to expand into major financial centres in India, Hong Kong, and Singapore by unifying corporate deposits, commercial lending, payments, and digital engagement under a single platform. CEO Manish Maakan declared that the partnership combines visions, while eMACH.ai represents a pivotal point in wholesale banking transformation. The platform uses AI-native architecture to deliver adaptive innovation that will support the bank's industry-specific propositions and seamless expansion.
In 2011, Intellect Design Arena Limited initiated its operations as a global financial technology service provider to the banking, insurance, and financial services sectors. The company provides a complete range of products across global consumer banking, central banking, risk and treasury management, and insurance. The platform stands as the largest event-driven microservices-based API-led cloud-native financial technology platform worldwide, providing services to more than 325 customers across 57 countries.
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The company generates revenue through three main channels: traditional product sales, customer-centric partnerships and cloud deployment, with licenses, maintenance and subscriptions making up 48 per cent of revenue in Q3 FY25. The eMACH.ai platform of Intellect operates with 386 microservices and more than 2015 APIs to deliver advanced technology solutions to financial institutions. Intellect has expanded its operations through the acquisition of Central 1 Credit Union's digital banking division in Canada and the strategic investment in DigiVation Digital Solutions Pvt Ltd to improve SME global trade capabilities.
Market Capitalisation: Over Rs 10,000 crore with Price-Earnings (PE) Ratio: 40. Major public shareholders include Manju Jain with 2.57 per cent, Yogesh Andlay with 1.84 per cent and Mukul Mahavir Agrawal with 1.44 per cent. The 52-Week High is Rs 1,142.55 and the 52-Week Low is Rs 555.05 per cent
Disclaimer: The article is for informational purposes only and not investment advice.