Latest news with #IntellectDesignArenaLtd
Business Upturn
5 days ago
- 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
Business Upturn
6 days ago
- 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.
