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Business Standard
11 hours ago
- 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
13 hours 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.
Business Standard
09-05-2025
- Business
- Business Standard
Intellect Design Arena gains after Q4 PAT spurts 85% YoY to Rs 135 cr
Intellect Design Arena rose 1.25% to Rs 854.90 after 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. Profit before tax (PBT) rose 48.79% YoY to Rs 182.15 crore, compared to Rs 122.42 crore in the same period last year. EBITDA grew 47.84% to Rs 226.86 crore in Q4 FY25 from Rs 153.45 crore a year ago. Platform revenue for the quarter stood at Rs 79 crore. License-linked revenue (license + platform + AMC) reached Rs 392 crore, including Rs 174 crore from license revenue and Rs 138 crore from AMC revenue. Collections during the quarter stood at Rs 712 crore, while cash and cash equivalents totaled Rs 1,021 crore as of 31 March 2025. On a full-year basis, the companys consolidated net profit advanced 3.61% to Rs 332.77 crore on a 0.45% increase in total income to Rs 2,577.03 crore in FY25 over FY24. Arun Jain, chairman and managing director of Intellect Design Arena, said, technology has been received extremely well in the market since it is based on zero-waste architecture and first-principle thinking. The Purple Fabricthe Business Impact AI platformis emerging as the most disruptive technology in the AI space. The company will be investing over 100 crores in the current year for marketing, sales, and distribution of Purple Fabric. Meanwhile, the companys board has declared a final dividend of Rs 4, along with a special dividend of Rs 3 per share of face value of Rs 5 each on the equity shares for the financial year 2025. The record date for the payment of the final dividend has been set on July 18, 2025. The dividend will be paid within 30 days from the date of declaration, the company said. 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.
Business Standard
21-04-2025
- Business
- Business Standard
Intellect Design jumps on securing multi-million-dollar digital transformation project with UK-based bank
Intellect Design Arena added 2.29% to Rs 777.70 after the company announced that it has secured a multi-year, multi-million-dollar digital transformation project with a UK-based global bank. While the firm has not disclosed the client's name, it said that it is one of the UKs leading banking institutions, which is looking at expanding its wholesale banking footprint into key financial centres, including India, Hong Kong, and Singapore. As part of the partnership, Intellect will leverage its Wholesale Banking platform to accelerate the banks expansion strategy and deliver contextual customer experiences. The solution is built on microservices, application programming interface (API)-first, cloud-native, and headless principles, and serves as a single digital backbone powering the banks international wholesale banking offerings, the company said in a statement. Intellects wholesale banking platform will deliver a single, integrated platform that addresses four key revenue poolscorporate deposits, commercial lending, payments, and digital engagement. This will provide the bank with a unified business model to scale across regions. Our role goes beyond being a technology provider; we are co-architects of their global journey. The platforms design is built to anticipate whats next, whether thats adapting to sector-specific shifts, meeting new regulatory demands, or enabling future-ready digital engagement models. This is a partnership rooted in trust, innovation, and long-term impact. Together, we are not just setting benchmarks -were building a new blueprint for global wholesale banking, said Manish Maakan, CEO of Intellect Wholesale Banking. 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 companys consolidated net profit declined 16.7% to Rs 70.19 crore in Q3 FY25, compared with Rs 84.31 crore in the same quarter last year. Net sales fell 3.9% YoY to Rs 609.63 crore during the quarter ended 31st December 2024.
Associated Press
21-04-2025
- Business
- Associated Press
UK-based global bank partners with Intellect eMACH.ai Platform to accelerate international wholesale banking expansion
Strategic partnership leverages Intellect's platform to fast-track global expansion, delivering hyper-scalable, AI-powered corporate banking 'With we are helping them leapfrog legacy barriers, enter new markets with confidence, and serve clients with insight, speed, and relevance'— Manish Maakan, CEO, Intellect Wholesale Banking LONDON, UNITED KINGDOM, April 21, 2025 / / -- Intellect Design Arena Ltd., a global leader in enterprise-grade financial technology, has secured a landmark, multi-year, multi-million dollar engagement with one of the UK's most prestigious financial institutions. The engagement is rooted in Intellect's unique approach that combines First Principles Thinking and Design Thinking to reimagine banking from the ground up. By leveraging its cutting-edge Wholesale Banking platform, Intellect will empower the bank to accelerate its global expansion strategy, deliver contextual customer experiences, and achieve transformational outcomes with speed and agility. At the heart of this strategic partnership lies the Power of ONE – One Architecture. One Platform. One Experience. brings the strength of a unified, composable architecture that eliminates fragmentation and complexity across systems, enabling the bank to execute with unmatched agility, speed, and intelligence. Built on microservices, API-first, cloud-native, and headless principles, serves as the single digital backbone powering the bank's international wholesale banking ambitions. As part of its international growth strategy, the bank will expand its wholesale banking footprint into key financial centres including India, Hong Kong & Singapore. Intellect's Wholesale Banking Platform will deliver a single, integrated platform that addresses all four key revenue pools—Corporate Deposits, Commercial Lending, Payments, and Digital Engagement—providing the bank with a unified business model to scale across regions without duplication or delay. In an era where contextuality and personalization are paramount, further differentiates with its ability to power 12 industry clusters and 36 industry sectors, delivering Agentic AI-enabled intelligence that adapts to each industry's unique dynamics. From Real Estate and Logistics to Energy and Retail, the bank can now offer deeply contextual and insight-driven services, purpose-built for every client segment. - Comprehensive Corporate Core and Lending: Enabling seamless Gift City branch operations with end-to-end Client & Account Management, configurable Liability and Asset products, Rule-based workflows, Contextual Routing, and real-time ledger - Cross-Border Payments: Facilitating seamless, real-time international transactions that drive global business growth - Intuitive Banking CBX (Contextual Banking Experience): Offering a next-generation, intuitive digital banking interface crafted for the unique needs of corporate clients - India's GIFT City-Specific Regulatory Reporting: Delivering precise, tailored regulatory reporting that ensures full compliance from day one With extensible, AI-native architecture, the bank is equipped for frictionless expansion and adaptive innovation. Whether entering new geographies or launching industry-specific propositions, the Power of ONE enables the bank to stay resilient, relevant, and radically efficient. 'This is a turning point in the transformation of wholesale banking,' said Manish Maakan, CEO, Intellect Wholesale Banking. 'Global expansion in today's world is not just about scale—it's about strategic clarity, contextual precision, and the ability to move with speed and confidence. This partnership is a bold affirmation of those principles. What excites me most is not just the deployment of advanced technology, but the alignment of vision. This bank isn't just expanding—it's reimagining what it means to be a truly intelligent and agile wholesale bank. With we're helping them leapfrog legacy barriers, enter new markets with confidence, and serve clients with insight, speed, and relevance.' He added, 'Our role goes beyond being a technology provider—we are co-architects of their global journey. The platform's design is built to anticipate what's next: whether that's adapting to sector-specific shifts, meeting new regulatory demands, or enabling future-ready digital engagement models. This is a partnership rooted in trust, innovation, and long-term impact. Together, we are not just setting benchmarks – we're building a new blueprint for global wholesale banking.' About Intellect Design Arena Limited Intellect Design Arena Ltd is an enterprise-grade financial technology leader, providing composable and intelligent solutions for futuristic global financial institutions across 57 countries. Intellect's revolutionary First Principles Thinking-based Enterprise Connected Intelligence Platform, is the most comprehensive, composable, and intelligent open finance platform in the world. With an impressive array of 386 microservices, 650 events, and over 2015 APIs, enables financial institutions to design and deploy future-ready technology solutions that provide a significant global competitive edge. With three decades of domain expertise, Intellect offers a full spectrum of banking and insurance technology products through four lines of business: Consumer Banking, Wholesale Banking , IntellectAI and Digital Technology for Commerce. Intellect is a pioneer in applying Design Thinking and our 8012 FinTech Design Center, the world's first Design Center dedicated to Design Thinking Principles, underscores our commitment to continuous and impactful innovation, addressing the ever-growing need for digital transformation. We proudly serve over 325+ customers worldwide, supported by a diverse workforce of solution architects and domain and technology experts in major global financial hubs. For more information about Intellect, visit For Media related info, please contact: Nachu Nagappan Intellect Design Arena Ltd Mob: +91 89396 19676 Email: [email protected] Nachu Nagappan Intellect Design Arena Limited +91 89396 19676 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
