Intellect Design Arena wins landmark deal with Tier 1 Canadian bank, marks entry into US core banking market
Intellect Design Arena Ltd has announced a major deal with a Tier 1 Canadian multinational bank, marking its first deployment of the eMACH.ai Core Banking platform in the United States.
The agreement is a strategic engagement to power the bank's global deposit growth strategy and covers its Corporate and Investment Banking business initially in the US, with planned expansion into Europe and Asia.
According to the company, the competitive win reinforces its position in North America and deepens its relationship with one of Canada's largest financial institutions.
Built on a cloud-native, microservices-based, and API-first architecture, Intellect's platform aims to: Launch tailored offerings faster across new markets.
Enhance customer experiences with AI-driven personalisation.
Roll out innovations rapidly through composable configurations.
Reduce costs through seamless integration and real-time processing.
Speaking about the deal, Manish Maakan, CEO of Intellect Wholesale Banking, said:
'This is a defining moment for us — our entry into the U.S. core banking market demonstrates the trust placed in our technology and our ability to deliver at scale. It's not just a technology replacement, but a strategic move to reimagine how the bank grows deposits and serves clients in the digital age.'
He added that the win also reflects the growing role of deep-tech players from the East in transforming global banking.
The engagement follows a rigorous evaluation process against leading global players and leverages Intellect's focus on First Principles and Design Thinking to create scalable, modular, and impactful solutions.
Intellect Design Arena serves over 500 financial institutions in 61 countries with solutions spanning wholesale, consumer, central banking, wealth, capital markets, and insurance technology.
For more details, visit: www.intellectdesign.com
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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