Latest news with #Intellect
Business Upturn
3 days ago
- Business
- Business Upturn
Intellect Design Arena partners with Bank Albilad to drive digital banking innovation in Saudi Arabia
By Aman Shukla Published on August 7, 2025, 12:24 IST Bank Albilad, one of Saudi Arabia's leading financial institutions, has partnered with Intellect Design Arena Ltd., a global pioneer in enterprise-grade financial technology, to accelerate its digital transformation in wholesale banking. This collaboration aims to strengthen the bank's position in the Kingdom's evolving financial landscape while aligning with the ambitions of Vision 2030, Saudi Arabia's strategic framework for economic diversification and technological advancement. The transformation is powered by Intellect's cutting-edge platform—an open finance architecture built on first principles and designed to deliver deeply personalized, intelligent, and contextual banking experiences. With this implementation, Bank Albilad is reimagining its digital banking ecosystem, bringing greater efficiency, automation, and agility to its wholesale offerings. The bank's goal is to create a future-ready infrastructure that enhances customer experience, drives operational excellence, and enables faster product innovation tailored to the needs of the Saudi market. As part of the initiative, Bank Albilad will offer modernized, multi-channel cash management solutions with strong mobile integration and secure access to enterprise-grade tools. The use of over 100 APIs will allow the bank to deliver hyper-personalized services and products at scale, supported by advanced automation for faster onboarding and seamless data migration. These changes also reinforce Bank Albilad's commitment to digital self-service, providing corporate clients with a unified login experience and the ability to manage finances independently while unlocking new opportunities for cross-selling and customer acquisition. Through this strategic alliance, Bank Albilad and Intellect Design Arena are setting a new benchmark in Saudi Arabia's wholesale banking sector. By integrating intelligent technology with customer-first design, the partnership is not only delivering business impact but also actively supporting the Kingdom's broader goals of financial inclusion, private sector growth, and digital leadership. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
24-07-2025
- Business
- Business Upturn
Intellect Design Arena expands partnership with Tier-1 Canadian Bank for US operations modernisation
By Aman Shukla Published on July 24, 2025, 16:52 IST Intellect Design Arena Ltd, a leading global provider of enterprise-grade financial technology, has strengthened its strategic relationship with a Tier-1 Canadian multinational bank. The bank has chosen Intellect's cutting-edge Payments and Cash Management platform to power its Corporate & Investment Banking operations in the United States. This development builds on the bank's earlier adoption of Core Banking and marks a significant step forward in its digital transformation journey. With this extension, Intellect reaffirms its growing presence in North America's high-value payments modernisation initiatives. Built on a composable 9-layer architecture, Payments and Cash Management empowers financial institutions to handle high-volume transactions at speed, simplify bulk payment processing, and enable fail-safe real-time payments. The platform is also engineered to reduce operational costs while improving onboarding and service delivery across client segments. Key capabilities of Payments and Cash Management: Real-time, fail-safe payment processing with intelligent monitoring Support for ACH, FedWire, and other payment products Simplified bulk file handling for large transaction volumes Accelerated client onboarding for diverse banking segments Optimised cost efficiency in operations This milestone further cements Intellect Design Arena's reputation as a trusted fintech partner for global banks, highlighting its role in delivering AI-powered, scalable financial platforms for the digital-first era. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
23-07-2025
- Business
- Business Standard
What led Intellect Design's share to rise 3% in trade? Key details inside
Intellect Design Arena's share price rose today after the company announced a landmark deal with a Tier 1 Canadian multinational bank to support its global deposit growth strategy. SI Reporter New Delhi Intellect Design share price: Intellect Design share was in focus on Wednesday, July 23, 2025, with the stock rising up to 2.53 per cent to an intraday high of ₹1,204.50 per share. At 12:10 AM, Intellect Design share price continued to trade higher, up 1.40 per cent at ₹1,191.15. In comparison,. BSE Sensex was trading 0.40 per cent higher at 82,513.51 levels. What triggered the upward move in Intellect Design share price today? Intellect Design Arena's share price rose today after the company announced a landmark deal with a Tier 1 Canadian multinational bank to support its global deposit growth strategy. This marks the first deployment of Intellect's Core Banking platform in the United States, a major milestone that strengthens its presence in the North American market. The strategic engagement, which initially spans the bank's Corporate and Investment Banking business and is set to expand to Europe and Asia, follows a rigorous evaluation process involving leading global competitors. Intellect's cloud-native, microservices-based, and API-first platform will enable the bank to accelerate global expansion, offer AI-led personalised customer experiences, roll out innovations rapidly, and streamline operations with real-time processing and 24/7 availability. Additionally, the platform's composable architecture is expected to help reduce the bank's total cost of ownership. Manish Maakan, CEO of Intellect Wholesale Banking, said, 'This win is a defining moment for us. It represents the coming together of one of the world's most forward-looking banks and Intellect's most advanced core banking platform. Our entry into the U.S. core banking market reinforces the trust placed in our technology, our teams, and our ability to deliver at scale. What makes this engagement especially meaningful is the shared vision: a bold, composable approach to banking that breaks free from legacy constraints.' 'This is not just a technology replacement exercise, but a strategic move to reimagine how the bank grows deposits, scales globally, and serves clients in the digital age. We are honoured to be their partner of choice and deeply committed to making this a global success story. This also signals a broader shift – the rising relevance of deep-tech players from the East who are bringing agility, innovation, and execution certainty to the world's most respected banks,' he added. About Intellect Design Intellect Design Arena is a global leader in enterprise-grade financial technology, delivering intelligent and composable solutions to progressive financial institutions across 61 countries. Backed by three decades of deep domain expertise, the company's extensive product portfolio covers Wholesale and Consumer Banking, Central Banking, Wealth Management, Capital Markets, Treasury, Insurance, and Digital Commerce technologies. Driven by First Principles and Design Thinking, Intellect has deconstructed the financial services ecosystem into a defined set of Events, Microservices, and APIs, enabling institutions to accelerate modular digital transformation with tangible outcomes. At the core of its offerings are the world's most comprehensive and composable open finance platform; Purple Fabric, the first-of-its-kind Open Business Impact AI platform; and iTurmeric, a powerful composable platform for seamless integration and rapid configuration. Intellect is also a pioneer in applying Design Thinking to FinTech, as evidenced by its 8012 FinTech Design Centre – the world's first of its kind dedicated to this innovation-led approach. Serving over 500 clients globally, Intellect is powered by a diverse team of solution architects and domain experts based in key financial hubs around the world, driving the future of digital transformation in financial services.
Business Upturn
23-07-2025
- Business
- Business Upturn
Intellect Design Arena wins landmark deal with Tier 1 Canadian bank, marks entry into US core banking market
By Aditya Bhagchandani Published on July 23, 2025, 11:02 IST Intellect Design Arena Ltd has announced a major deal with a Tier 1 Canadian multinational bank, marking its first deployment of the 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: Ahmedabad Plane Crash 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.
Finextra
09-07-2025
- Business
- Finextra
Faisal Islamic Bank selects Intellect eMach platform for digital transformation
The Faisal Islamic Bank eMACH implementation represents a daring development in Egypt's digital financial revolution. 0 The bank wants to modernise customer experiences, optimise operations, and propel the next-level Faisal Bank AI transformation across its retail banking services by implementing the cutting-edge eMACH digital engagement platform. As Egypt's first Islamic commercial bank and a leader in Islamic banking, FIBE continues to pioneer innovation in Shariah-compliant banking services across both retail and corporate sectors. The deployment of DEP signals a bold shift from legacy infrastructure to a unified, customer-first digital banking experience rooted in FIB's vision: to be the best bank in providing Islamic services and products to our customers and correspondents, while achieving sustainable growth and reinforcing the Bank's position regionally and internationally. DEP is built on a composable architecture consisting of Events, Microservices, API, Cloud, Headless architecture and embedded AI. The platform creates business impact by enabling seamless, contextual engagement across the entire customer lifecycle from acquisition and engagement to retention, through both self-service and assisted channels. Recognising the need for a future-ready platform, FIBE partnered with Intellect to accelerate its digital ambitions and deliver: ● Omnichannel experience across mobile & internet banking with the ability to pause & resume tasks between devices ● Completely digital processes, including onboarding in 3 minutes, thereby reducing the overall carbon footprint for both the bank and customers while promoting sustainable practices. ● Enhanced engagement via chatbots and social banking ● Rich self-service capabilities for inquiries, transfers, bill payments, card services, and statements ● Arabic-first, human-centered UX, ensuring inclusivity and adoption across all segments ● Agile rollout & modular architecture, enabling future-ready expansion across offerings like lifestyle services ● Operational efficiency through digitization of high-volume interactions and backend workflows While the initial focus is on the consumer segment, the platform is designed to scale across SME and corporate segments, enabling end-to-end digitization of FIB's full customer lifecycle from individuals to institutions. Abd Elhamid Mohamed Abu Musa, Faisal Islamic Bank of Egypt Governor said, 'At Faisal Islamic Bank, we aim to serve with integrity, innovation, and a customer-first mindset. Partnering with Intellect has empowered us to deliver a truly modern, Shariah-compliant digital experience. This transformation strengthens our commitment to our customers, aligns with our sustainability goals, and reaffirms our position as the leader in Islamic banking in Egypt.' Rajesh Saxena, CEO, Intellect Consumer Banking, Intellect Design Arena said, 'Digital transformation today transcends mere modernisation. It demands a visionary leap to integrate cultural nuance, customer empathy, and technological agility into every interaction. Partnering with Faisal Islamic Bank, we've created an experience that's truly customer-centric. With DEP, FIBE is poised to outpace legacy constraints, deliver personalized, real-time engagement, and set a new standard for Islamic retail banking. This is a partnership built on shared vision and long-term impact, exemplifying how strategic vision, agility, and technology convergence can transform banking from the ground up.' By implementating the Faisal Islamic Bank eMACH platform, the organisation reaffirms its dedication to AI-driven innovation, endorsing a more comprehensive Faisal Bank AI transformation vision that reimagines digital interaction in the area.
