Latest news with #IntellectDesignArena
Business Standard
3 days ago
- Business
- Business Standard
INTELLECT launches Open Business Impact AI Platform on PF Cloud at GIFT City
Intellect Design Arena announced the launch of PF Cloud, the world's first Open Business Impact AI Platform, Purple Fabric on PF Cloud at GIFT City, India's flagship International Financial Services Centre (IFSC). Anchored in GIFT City's globally competitive, regulation-compliant ecosystem of fintechs, global banks, regulators, and infrastructure providers, this strategic launch marks a significant step in advancing India's vision of becoming a Global AI Services Hub. Intellect's Open Business Impact AI Platform on PF Cloud is a culmination of over a decade of research and 20 million engineering hours, designed to help enterprises move from experimentation to enterprise-grade, accountable AI adoption.
Finextra
17-06-2025
- Business
- Finextra
First Abu Dhabi Bank deploys iGCBdebt management tech
Intellect Global Consumer Banking (iGCB), a business unit of Intellect Design Arena Limited, announced that First Abu Dhabi Bank (FAB), the UAE's global bank, has successfully implemented Intellect Consumer Banking's Debt Management solution offered as a part of Lending. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The initiative marks a pivotal step in FAB's credit strategy to enhance operational efficiency and customer experience by transitioning to a comprehensive and automated digital process. The integration of debt management automates various processes and links over ten subsystems within FAB, allowing for real-time data visibility of the credit portfolio. This enhancement is aligned with the bank's forward-looking vision to fully automate its debt collection features over the next five years, reinforcing its customer-first approach and ambition to grow stronger by investing in technology and people. Post the implementation of Lending, the bank will be able to: – Create collection strategies in Lending application through equal distribution, percentage allocation and bucket based queue stamping – Efficiently manage collections across loan and card variants through the Lending application – Streamline the collection process and reduce the cost of recovery – Efficiently partner with loan recovery agencies to improve collection by getting complete visibility of the information and actions taking place with agencies working on debt First Abu Dhabi Bank is embarking on a transformative journey with Intellect, by implementing Intellect's Lending, thereby marking a significant step in the bank's digital roadmap. This collaboration reflects FAB's commitment to providing the most efficient, customer-centric banking experience across its expanding global network, building upon a technology partnership with Intellect that began in 2005. Rajesh Saxena, CEO, Intellect Global Consumer Banking, said, 'At Intellect consumer banking, we are honoured to collaborate with First Abu Dhabi Bank (FAB) on this crucial initiative, reinforcing a shared commitment to innovation and digital transformation. FAB's decision to implement Digital Lending, following their investment in our core banking and digital engagement platform, highlights the strength of this partnership and FAB's confidence in our advanced solutions. We remain dedicated to empowering our partners, including FAB, on their digital transformation journey, equipping them with innovative solutions that cater to the evolving demands of their customers.'
Yahoo
17-06-2025
- Business
- Yahoo
First Abu Dhabi Bank implements Intellect's debt management system
First Abu Dhabi Bank (FAB) has deployed a debt management solution from Intellect Global Consumer Banking (iGCB), a unit of Intellect Design Arena. The system is part of Intellect's Lending platform. This move is stated to be part of FAB's credit strategy to bolster operational efficiency and customer experience by transitioning to a 'comprehensive' and automated digital process. The integration of the debt management system within FAB will automate various processes and connect over ten subsystems, ensuring real-time data visibility of the bank's credit portfolio, highlighted the tech vendor. This is part of FAB's vision to fully automate its debt collection features within the next five years, aligning with the bank's focus on technological advancement and customer-centric services. FAB, with the new Lending platform, will be able to create collection strategies, manage collections across loan and card variants, streamline the collection process to reduce recovery costs, and partner more effectively with loan recovery agencies, states Intellect. This will provide the bank with complete visibility of the information and actions taken by agencies working on debt, thereby improving collection efficiency. The collaboration with Intellect Design Arena began in 2005. Intellect Global Consumer Banking CEO Rajesh Saxena said: 'FAB's decision to implement Digital Lending, following their investment in our core banking and digital engagement platform, highlights the strength of this partnership and FAB's confidence in our advanced solutions. We remain dedicated to empowering our partners, including FAB, on their digital transformation journey, equipping them with innovative solutions that cater to the evolving demands of their customers.' In December 2023, OTP Bank, headquartered in Hungary, announced that it will implement the Intellect Digital Core (IDC) core banking system provided by iGCB. "First Abu Dhabi Bank implements Intellect's debt management system" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
05-06-2025
- Business
- Business Standard
Intellect to deploy eMACH.ai DEP for leading South African bank
Intellect Design Arena announced a significant engagement with a leading South African bank. The bank will implement Intellect's revolutionary Digital Engagement Platform (DEP) across nine countries, marking a milestone achievement in its digital transformation journey. DEP will be deployed as a single instance in South Africa, seamlessly serving the bankfs entities across 6 countries on Cloud and 3 On-Premise to satisfy local data residency requirements. This comprehensive platform will cater to both corporate and retail customers, providing a unified and enhanced customer experience. DEP powered transformation will enable the bank to provide: Seamless and personalised experience to customers across all channels, lifecycles and life stages A scalable and extensible engagement platform with the ability to adapt, or build 360 engagement Integration with digital channels, core banking systems, and third-party applications like Fintechs, Merchants, e-commerce, and entertainment partners Rapid App launches in days using the codeless platform with over 750 front-end journeys and 520 open APIs Increased digital banking customer sign-ups in minutes and faster credit origination through digital onboarding
Business Standard
05-06-2025
- Business
- Business Standard
Intellect Design bags major deal for its digital engagement platform from large South African Bank
Intellect Design Arena said that it has secured a large deal from a leading South African Bank for nine-country rollout of Digital Engagement Platform (DEP). DEP will be deployed as a single instance in South Africa, seamlessly serving the banks entities across 6 countries on cloud and 3 on-premise to satisfy local data residency requirements. This comprehensive platform will cater to both corporate and retail customers, providing a unified and enhanced customer experience. Rajesh Saxena, CEO, Intellect Consumer Banking, said: The engagement with the bank is a testament to the robust capabilities of our Digital Engagement Platform. Intellect has successfully provided a highly personalised experience to global banks with multi-country implementations. We are confident that yet again, DEP will significantly enhance the bank's digital initiatives, empowering them to deliver exceptional value to their customers across multiple regions. Intellect Design Arena has a comprehensive portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking, and insurance and is engaged in the business of software development. The company reported an 85.45% year-on-year (YoY) jump in consolidated net profit to Rs 135.32 crore in Q4 FY25, supported by an 18.69% increase in total income to Rs 748.55 crore.
