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Intellect Global Consumer Banking launches Open Finance enabled Retail banking platform built on eMACH.ai to revolutionise the Retail banking industry Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, has launched its Open Finance Enabled Retail banking platform built on eMACH.ai at Money20/20 in Amsterdam. The new Retail Banking Platform empowers banks to create unique products and curate experiences by partnering with country-ready marketplace players. The platform encompasses end-to-end Retail Banking across Savings, Deposits, Payments, Cards, Lending, Trade Finance, Treasury and Digital Banking.
WealthForce.AI powered by eMACH.ai wins big at WealthBriefingAsia Awards 2023 IntellectAI, the WealthTech and Insurtech of Intellect Design Arena driven by advanced AI led solutions, has been chosen as the winner in the “Artificial Intelligence (AI) Application (Pan-Asia)” category at the 11th Annual WealthBriefingAsia Awards 2023. The annual WealthbriefingAsia Awards program recognises the outstanding organisations in Asia Pacific and India, which an elite panel of independent judges deemed to have ‘demonstrated innovation and excellence during the last year’. WealthForce.AI leverages artificial intelligence to empower relationship managers and deliver a modern customer experience. It is driven by eMACH.ai standards, featuring Event-driven, Microservices enabled, API led, Cloud-native, Headless architecture and with embedded AI.
Aspen selects the IntellectAI’s Magic Submission and Risk Analyst products in their digital transformation journey IntellectAI, an Insurtech Transformation Partner with end to end, AI and data powered underwriting solutions from Intellect Design Arena Ltd, announced today that Aspen Insurance Holdings Limited (“Aspen”), a global specialty insurance and reinsurance carrier, signed on to use Magic Submission, IntellectAI’s AI and Data powered Intake and Routing platform, to reduce the turnaround time of a submission between ingestion and rating. The insurer plans to use Risk Analyst for third party data enrichment to apply scoring rules and better determine appetite.
OTP Bank, the largest bank in Hungary and one of the leading banking groups in Central and Eastern Europe chooses Intellect’s award winning Intellect Digital Core (IDC) Banking platform to provide a contextual banking experience for their customers with highly personalised and bespoke solutions subject to successful conclusion of contracts
Intellect crosses INR 2000 crore revenue mark, registers 21% growth in FY 2023 Q4 FY 23 revenue registers 24% YoY growth Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product FinTech company for the world’s leading banking and insurance clients, announced its fourth-quarter results for FY 23 today. I. Financial Performance Q4 FY 23 – Financial Highlights Revenue: Total revenue for Q4 FY 23 stood at INR 621 Cr as against INR 500 Cr in Q4 FY22 – grew 24% YoY Platform, License and AMC Revenue: Platform revenue for Q4 FY 23 is INR 114 Cr as against INR 117 Cr in Q4 FY22 License revenue for Q4 FY 23 is INR 113 Cr as against INR 79 Cr in Q4 FY22 – grew 42% YoY AMC revenue for Q4 FY 23 is INR 106 Cr as against INR 85 Cr in Q4 FY22 – grew 25% YoY License linked revenue (License + Platform + AMC) is INR 333 Cr in Q4 FY 23 as against INR 281 Cr in Q4FY22 – grew 18 %YoY Gross Margin and EBITDA Gross Margin is INR 349 Cr in Q4 FY 23 as against INR 282 Cr in Q4 FY 22 EBITDA is INR 143 Cr in Q4 FY 23 as against INR 111 Cr in Q4 FY 22
Intellect Launches eMACH.ai – The World’s Largest Open Finance based Core Banking Platform on Cloud with pre-integrated Marketplace for UK and Europe
IntellectAI powered by eMACH.ai named on the WealthTech Top 100 world’s most innovative WealthTech companies Intellect Wealth, leveraging the power of eMACH.ai, is an API-based, scalable omnichannel solution for private banks, wealth management firms, advisory firms and broker-dealers WealthTech 100, by specialist research firm FinTech Global recognizes the tech companies transforming the global investment and banking industries. FinTech Global Recognizes IntellectAI as One of the Top WealthTech Companies Transforming the Global Investment Banking, and Wealth Management Industries.
Faisal Islamic Bank, set to revolutionize Egypt’s digital banking experience with Intellect Global Consumer Banking’s CBX Platform Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, announced that Faisal Islamic Bank of Egypt has chosen its CBX Retail (CBX-R) platform to power its Digital Banking. The bank which is on a high growth trajectory will be offering contextual experience to more than a million Retail and Business customers across Egypt.
Intellect Design Arena, a multi-product FinTech company launched eMACH.ai, a revolutionary cloud-native and future-ready open finance platform with embedded artificial intelligence, powered by AWS. With 285 pre-built microservices available on the cloud, and access to 1,214 APIs and 200 events, eMACH.ai enables financial institutions to design the future of banks and FIs. This AI-powered platform will simplify banks’ complex technical environment and accelerate them from service-oriented architecture to the marketplace powered with cloud technology.
iGTB named World’s Best Virtual Accounts Solution Provider 2023 by Global Finance ntellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, has been awarded World’s Best in Virtual Accounts management at the Global Finance Treasury and Cash Management Systems Awards 2023. The award recognises iGTB’s product innovation in Virtual Account management and the extent to which iGTB has successfully differentiated its Virtual Account management capabilities from its competitors.
