Intellect Design Share Price

The company witnessed a 11.12% growth in the revenue at Rs. 3481.09 millions for the quarter ended September 2022 as compared to Rs. 3132.71 millions during the year-ago period.The Company to register a -69.85%  fall in the net profit for the quarter ended September 2022.The Operating Profit of the company witnessed a decrease to 453.05 millions from 943.93 millions.

The revenue zoomed 10.66% to Rs. 3483.00 millions for the quarter ended December 2022 as compared to Rs. 3147.47 millions during the corresponding quarter last year.A slender decline of -8.86% was recorded to Rs. 361.65  millions from Rs. 396.81 millions in the corresponding previous quarter.OP of the company witnessed a marginal growth to 718.02 millions from 684.77 millions in the same quarter last year.

The bank chose iGCB’s state of the art credit platform iKredit360 to meet the ever-changing needs of credit seekers

Intellect Design Arena is currently trading at Rs. 557.40, up by 1.15 points or 0.21% from its previous closing of Rs. 556.25 on the BSE.

The scrip opened at Rs. 558.10 and has touched a high and low of Rs. 564.60 and Rs. 553.35 respectively. So far 7576 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 529.00 on 16-Sep-2022.

Last one week high and low of the scrip stood at Rs. 589.00 and Rs. 529.00 respectively. The current market cap of the company is Rs. 7583.06 crore.

The promoters holding in the company stood at 30.76%, while Institutions and Non-Institutions held 27.10% and 42.14% respectively.

Cathay United Bank has chosen Intellect Design Arena’s -- Intellect Global Consumer Banking (iGCB), to implement iGCB’s acclaimed digital credit platform -- iKredit 360 to power the next growth stage of their lending business in Vietnam.

One of the largest and most prestigious financial groups in Taiwan, Cathay Financial Holdings has been in Vietnam for over 20 years now. Over the years, the institution has expanded their presence to include joint venture bank, foreign bank branch, life insurance subsidiary and property and casualty insurance subsidiary. The bank is now planning to launch their retail lending business in Vietnam and looking for a digital lending platform that could enable them to offer both commoditized and specialized credit products such as BNPL (Buy Now Pay Latter) to their customers.

The bank chose iGCB’s state of the art credit platform iKredit360 to meet the ever-changing needs of credit seekers. An end-to-end loan lifecycle management system comprising of Loan Servicing, Collateral & Limits Management and Partner Management, iKredit will empower Cathay United Bank to become the lender of choice in Vietnam.

iGCB is the Retail and Central Banking Solutions arm of Intellect Design Arena, offers an end-to-end Contextual Banking suite for retail and corporate banking across Core Banking, Lending, Cards, Digital Banking, and Central Banking.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Intellect Design Arena has submitted the schedule for the Analysts/ Investors Meeting.

The above information is a part of company’s filings submitted to BSE.

Commercial Banking is on the cusp of fundamental shifts that will dramatically reorder the industry in the coming decade

Intellect Design Arena is currently trading at Rs. 521.00, up by 1.65 points or 0.32% from its previous closing of Rs. 519.35 on the BSE.

The scrip opened at Rs. 524.30 and has touched a high and low of Rs. 540.05 and Rs. 520.70 respectively. So far 257003 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 505.65 on 30-Sep-2022.

Last one week high and low of the scrip stood at Rs. 540.05 and Rs. 508.10 respectively. The current market cap of the company is Rs. 7057.62 crore.

The promoters holding in the company stood at 30.76%, while Institutions and Non-Institutions held 27.10% and 42.14% respectively.

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena has launched Consumerisation of Commercial Banking (COCB) at Sibos 2022.

Commercial Banking is on the cusp of fundamental shifts that will dramatically reorder the industry in the coming decade. As banks assess their future strategies, they need to define their purpose and set a course not just for modernisation but for true transformation. iGTB defines this next evolution as the Consumerisation of Commercial Banking (COCB). Consumerisation is the emergence of the individual consumer as the primary driver of product and service design and COCB is the impact of an individual consumer's wants, needs, and behavior on commercial banking products and services.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect continues to push these historic industries ahead with solutions using innovative technologies to meet the changing demands

Intellect Design Arena is currently trading at Rs. 507.70, up by 6.75 points or 1.35% from its previous closing of Rs. 500.95 on the BSE.

The scrip opened at Rs. 501.25 and has touched a high and low of Rs. 512.00 and Rs. 501.15 respectively. So far 8917 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 492.70 on 11-Oct-2022.

Last one week high and low of the scrip stood at Rs. 519.15 and Rs. 500.00 respectively. The current market cap of the company is Rs. 6881.10 crore.

The promoters holding in the company stood at 30.76%, while Institutions and Non-Institutions held 27.10% and 42.14% respectively.

IntellectAI, a Suite of Artificial Intelligence products from Intellect Design Arena, has launched iESG, the latest addition to its line of AI powered solutions for institutional investors, asset managers, corporate banks, and insurance carriers. Intellect, the global fintech leader, continues to be at the forefront of transformation in insurance and financial services –by creating a solution designed to meet the demand for companies to manage their Environment Social Governance (ESG) risks. Intellect continues to push these historic industries ahead with solutions using innovative technologies to meet the changing demands, while also understanding that sustainability has become a priority for many companies.

iESG brings together the benefits of all market-wide data sources and real-time media coverage into a single, composable and contextual ESG data catalogue, with supporting raw data, assessment tools and dashboards for financial companies to integrate into their own business. There are several scenarios, including assessing product/client suitability and pricing, ESG exposures across investment portfolios, informing ESG investment policy and providing reporting to regulators and auditors, which are driving the need for an accurate, sustainable solution that can be used to help financial institutions provide ESG insights for client portfolios. Intellect’s decades of experience serving clients across the financial services spectrum provides an appreciation for the real-world challenges faced by industry at a strategic and operational level.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

New Ethiopian bank to power its banking through product Intellect Digital Core

Intellect Design Arena is currently trading at Rs. 433.35, up by 8.10 points or 1.90% from its previous closing of Rs. 425.25 on the BSE.

The scrip opened at Rs. 425.75 and has touched a high and low of Rs. 435.70 and Rs. 419.05 respectively. So far 32831 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 407.80 on 04-Nov-2022.

Last one week high and low of the scrip stood at Rs. 442.95 and Rs. 414.00 respectively. The current market cap of the company is Rs. 5856.94 crore.

The promoters holding in the company stood at 30.66%, while Institutions and Non-Institutions held 26.66% and 42.68% respectively.

Intellect Design Arena’s Intellect Global Consumer Banking (iGCB) has been selected by a new Ethiopian bank to power its banking through product Intellect Digital Core (IDC). iGCB which serves more than 21 banks in Africa has partnered to offer their Intellect Digital Core solution that is Microservices based, fully Composable and Cloud-Native solution for the upcoming Bank.

The bank aims to service 15 Million+ citizens of Ethiopia through a state-of-art Mobile banking app, 450+ branches, 5000+ ATM and Self-service terminals, and 14,000 plus POS terminals, in the next 5 years. The bank aims to offer unique banking products and features and an unparalleled intuitive experience. The bank would service its customers through more than 12,500 Agents across the country, that provide access and last-mile cash-in-cash-out operations (CICO), and other rich out-of-branch services like Remittance, Loan origination, Micro-saving, and Micro-credit.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect Design Arena has informed that it enclosed a copy of the proposed Media Release dated 27th December 2022 titled ‘One of the largest private banks in India goes live with Intellect Digital Wealth Solution for its Gujarat International Finance Tec-City (GIFT City) Branch’.

The above information is a part of company’s filings submitted to BSE.

With this collaboration, Intellect will work closely with AWS to bring AWS’s innovation and emerging technology directly to their customers

Intellect Design Arena is currently trading at Rs. 447.70, up by 6.40 points or 1.45% from its previous closing of Rs. 441.30 on the BSE.

The scrip opened at Rs. 442.65 and has touched a high and low of Rs. 447.70 and Rs. 435.00 respectively. So far 22079 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 986.00 on 07-Apr-2022 and a 52 week low of Rs. 393.80 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 452.40 and Rs. 415.00 respectively. The current market cap of the company is Rs. 5982.36 crore.

The promoters holding in the company stood at 30.64% while Institutions and Non-Institutions held 26.64% and 42.71% respectively.
 
Intellect Design Arena (Intellect) has collaborated with Amazon Web Services (AWS), which will accelerate Intellect’s Go-To-Market strategy around co-build, co-market, and co-sell for IntellectAI, the insurance and wealth line of business, with Artificial Intelligence products designed for commercial underwriting, wealth and capital markets.

With this collaboration, Intellect will work closely with AWS to bring AWS’s innovation and emerging technology directly to their customers. This will entail comprehensive and dedicated support from AWS across technology and strategy as well as an increased level of collaboration between the sales teams of both organizations. These joint go-to-market initiatives will help commercial insurers, Managing General Agents (MGAs), and brokers streamline and automate their underwriting.

With IntellectAI’s end-to-end underwriting platform, Intellect Xponent, an AWS Financial Services Competency partner on the AWS Partner Network (APN), this collaboration will enable IntellectAI to now offer the latest access, innovation and collaboration to its customers.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Intellect Design Arena has submitted the Schedule of Analysts/ Institutional Investors Meeting. The details of the same are attached.

The above information is a part of company’s filings submitted to BSE.

Quarterly Results

Quarterly Results

Rs.2.5000 per share(50%)Final Dividend

Audited Results

Quarterly Results

Quarterly Results

Quarterly Results

Audited Results

Quarterly Results

Quarterly Results

The bank chose iGCB’s state of the art credit platform iKredit360 to meet the ever-changing needs of credit seekers

Cathay United Bank has chosen Intellect Design Arena’s -- Intellect Global Consumer Banking (iGCB), to implement iGCB’s acclaimed digital credit platform -- iKredit 360 to power the next growth stage of their lending business in Vietnam.

One of the largest and most prestigious financial groups in Taiwan, Cathay Financial Holdings has been in Vietnam for over 20 years now. Over the years, the institution has expanded their presence to include joint venture bank, foreign bank branch, life insurance subsidiary and property and casualty insurance subsidiary. The bank is now planning to launch their retail lending business in Vietnam and looking for a digital lending platform that could enable them to offer both commoditized and specialized credit products such as BNPL (Buy Now Pay Latter) to their customers.

The bank chose iGCB’s state of the art credit platform iKredit360 to meet the ever-changing needs of credit seekers. An end-to-end loan lifecycle management system comprising of Loan Servicing, Collateral & Limits Management and Partner Management, iKredit will empower Cathay United Bank to become the lender of choice in Vietnam.

iGCB is the Retail and Central Banking Solutions arm of Intellect Design Arena, offers an end-to-end Contextual Banking suite for retail and corporate banking across Core Banking, Lending, Cards, Digital Banking, and Central Banking.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

CMMI is a proven, outcome-based performance model and the globally accepted standard

Intellect Design Arena’s retail and central banking arm -- Intellect Global Consumer Banking (iGCB) has been appraised at Maturity Level 5 on the CMMI (Capability Maturity Model Integration) V2.0 for capabilities in both development and services. The appraisal was performed by SterlingQ. CMMI is a proven, outcome-based performance model and the globally accepted standard for improving capability, optimizing business performance and aligning operations to business goals.

iGCB has been constantly striving to improve standards, processes and procedures to develop better products faster and at a lower cost. CMMI ML5 is the highest appraisal rating that can be achieved, and is reserved for organizations that demonstrate true process optimization. The rating indicates that iGCB is performing at an “optimizing” level and is continually improving its processes based on a quantitative understanding of its business objectives and performance needs.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Commercial Banking is on the cusp of fundamental shifts that will dramatically reorder the industry in the coming decade

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena has launched Consumerisation of Commercial Banking (COCB) at Sibos 2022.

Commercial Banking is on the cusp of fundamental shifts that will dramatically reorder the industry in the coming decade. As banks assess their future strategies, they need to define their purpose and set a course not just for modernisation but for true transformation. iGTB defines this next evolution as the Consumerisation of Commercial Banking (COCB). Consumerisation is the emergence of the individual consumer as the primary driver of product and service design and COCB is the impact of an individual consumer's wants, needs, and behavior on commercial banking products and services.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

BaaS is one space that is generating keen interest as it opens up exciting new segments and indirect channels

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena, has launched Banking-as-a-Service for their global clients.

Traditional commercial banks in the recent past have been facing increasing competition from various quarters such as neo banks, fintechs – to name a few – that provide great customer experience, reliable money movement, and attractive pricing. Hence Banking-as-a-Service (BaaS) – the ability of banks to embed financial products & services directly within their clients’ ecosystem as they serve their customers - is one space that is generating keen interest as it opens up exciting new segments and indirect channels.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

By selecting IntellectAI’s underwriting platform, Foresight can continue to support their mission of preventing workplace accidents

Foresight, the tech-enabled Workers Compensation MGU, has inked deal with Intellect Design Arena to use of Intellect’s AI-powered and full suite of underwriting platform. The use of the IntellectAI products (Magic Submission, Risk Analyst and Xponent) will enable Foresight to intelligently automate the quote intake process, and leverage data for submission prioritization and risk selection.

By selecting IntellectAI’s underwriting platform, Foresight can continue to support their mission of preventing workplace accidents and reducing claims through best-in-class workers’ compensation insurance, powered by data-driven safety engagement technology.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect continues to push these historic industries ahead with solutions using innovative technologies to meet the changing demands

IntellectAI, a Suite of Artificial Intelligence products from Intellect Design Arena, has launched iESG, the latest addition to its line of AI powered solutions for institutional investors, asset managers, corporate banks, and insurance carriers. Intellect, the global fintech leader, continues to be at the forefront of transformation in insurance and financial services –by creating a solution designed to meet the demand for companies to manage their Environment Social Governance (ESG) risks. Intellect continues to push these historic industries ahead with solutions using innovative technologies to meet the changing demands, while also understanding that sustainability has become a priority for many companies.

iESG brings together the benefits of all market-wide data sources and real-time media coverage into a single, composable and contextual ESG data catalogue, with supporting raw data, assessment tools and dashboards for financial companies to integrate into their own business. There are several scenarios, including assessing product/client suitability and pricing, ESG exposures across investment portfolios, informing ESG investment policy and providing reporting to regulators and auditors, which are driving the need for an accurate, sustainable solution that can be used to help financial institutions provide ESG insights for client portfolios. Intellect’s decades of experience serving clients across the financial services spectrum provides an appreciation for the real-world challenges faced by industry at a strategic and operational level. 

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

IntellectAI has partnered with InsureMO to offer a fully integrated AI-enabled underwriting and policy admin technology suite

IntellectAI, a Suite of Artificial Intelligence products from Intellect Design Arena, and InsureMO have entered into a strategic partnership designed to offer a complete underwriting solution for Commercial lines carriers and MGAs looking to replace their existing policy admin system or accelerate their digital transformation by implementing automated underwriting with integrated policy admin services.

Intellect Xponent, the world’s most advanced P&C underwriting platform now offers complete quote and policy lifecycle management, including ISO-based rating, through the use of InsureMO solution. InsureMO is a cloud-native insurance middle office platform for insurers, brokers, agents, channels, insurtechs and start-ups; enabling use cases for any product and channel.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

New Ethiopian bank to power its banking through product Intellect Digital Core

Intellect Design Arena’s Intellect Global Consumer Banking (iGCB) has been selected by a new Ethiopian bank to power its banking through product Intellect Digital Core (IDC). iGCB which serves more than 21 banks in Africa has partnered to offer their Intellect Digital Core solution that is Microservices based, fully Composable and Cloud-Native solution for the upcoming Bank.

The bank aims to service 15 Million+ citizens of Ethiopia through a state-of-art Mobile banking app, 450+ branches, 5000+ ATM and Self-service terminals, and 14,000 plus POS terminals, in the next 5 years. The bank aims to offer unique banking products and features and an unparalleled intuitive experience. The bank would service its customers through more than 12,500 Agents across the country, that provide access and last-mile cash-in-cash-out operations (CICO), and other rich out-of-branch services like Remittance, Loan origination, Micro-saving, and Micro-credit.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect Wealth Qube’s Front Office Solution, RM Office Lite, is a design-thinking led solution modeled around the relationship managers’ day-to-day tasks

Intellect Design Arena has gone live with its front office solution, RM Office Lite, at one of India’s largest private banks. The solution was earlier deployed at two of the bank’s international booking centers; this implementation is now live at one of India’s potentially major financial centers - Gujarat International Finance Tec-City (GIFT City).

Intellect Wealth Qube’s Front Office Solution, RM Office Lite, is a design-thinking led solution modeled around the relationship managers’ day-to-day tasks. It’s composable, BIAN compliant architecture makes the solution easily scalable and innovation-led, allowing the bank to progressively modernize functionalities and add new features with the changing market conditions and business needs. The solution promises to empower relationship managers with the necessary tools to deliver hyper-personalized service to customers.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

The report notes iGTB Payments platform for its scalability, contextual and intuitive navigation and headless architecture

Intellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, has been named as a leader and ‘Best in Class’ Payments platform by Aite-Novarica Group in a report that evaluates the overall competitive position of payments technology providers, focusing on stability, client strength, product features, and client services.

This Aite Impact report investigates the market for payment hubs and infrastructure, discusses how technology has evolved with new market challenges, compares and analyses the tactics and products of the top technology providers, and their accomplishments in key areas so that financial institutions can choose new technology partners with greater knowledge.

The report notes iGTB Payments platform for its scalability, contextual and intuitive navigation and headless architecture that allow banks to use the solution payments in an existing platform, and the option to select from two modes: expert mode for banks that don’t need much assistance, and a more simplified mode for small and midsize banks that desire more partnership and guidance with a less complex setup.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Total consolidated income of the company increased by 9.25% to Rs 567.10 crore in Q3FY23

Intellect Design Arena has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported fall of 8.85% in its net profit at Rs 36.17 crore for Q3FY23 as compared to Rs 39.68 crore for the corresponding quarter previous year. However, total income of the company increased by 14.56% to Rs 372.39 crore for the quarter under review as compared to Rs 325.07 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 38.21% in its net profit at Rs 62.60 crore for the quarter under review as compared to Rs 101.31 crore for the same quarter in the previous year. However, total income of the company increased by 9.25% to Rs 567.10 crore for the quarter under review as compared to Rs 519.09 crore for the same quarter in the previous year.

With this collaboration, Intellect will work closely with AWS to bring AWS’s innovation and emerging technology directly to their customers

Intellect Design Arena (Intellect) has collaborated with Amazon Web Services (AWS), which will accelerate Intellect’s Go-To-Market strategy around co-build, co-market, and co-sell for IntellectAI, the insurance and wealth line of business, with Artificial Intelligence products designed for commercial underwriting, wealth and capital markets.

With this collaboration, Intellect will work closely with AWS to bring AWS’s innovation and emerging technology directly to their customers. This will entail comprehensive and dedicated support from AWS across technology and strategy as well as an increased level of collaboration between the sales teams of both organizations. These joint go-to-market initiatives will help commercial insurers, Managing General Agents (MGAs), and brokers streamline and automate their underwriting.

With IntellectAI’s end-to-end underwriting platform, Intellect Xponent, an AWS Financial Services Competency partner on the AWS Partner Network (APN), this collaboration will enable IntellectAI to now offer the latest access, innovation and collaboration to its customers.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

The winning award recognizes iGTB’s product innovation in Virtual Account management

Intellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, has been awarded World’s Best in Virtual Accounts management at the Global Finance Treasury and Cash Management Systems Awards 2023.

The winning award recognizes 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.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

This AI-powered platform will simplify banks’ complex technical environment and accelerate them from service-oriented architecture to the marketplace powered with cloud technology

Intellect Design Arena has 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.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect has won this project with their long-term partner in Egypt, Summit Technology Solutions, who will be jointly working on the implementation

Intellect Design Arena’s consumer banking arm -- Intellect Global Consumer Banking (iGCB) has been selected by Faisal Islamic Bank of Egypt for CBX 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 has won this project with their long-term partner in Egypt, Summit Technology Solutions, who will be jointly working on the implementation.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.