Intellect Design Arena Unveils Canada eMACHai Cloud for Financial Institutions

Intellect Design Arena Ltd announced in an exchange filing the launch of the Canada eMACHai Cloud for Banks and Credit Unions. This wide range of products comprises digital engagement, virtual accounts, liquidity management, and core banking services, including payments and deposits, all integrated with AI. These solutions empower financial institutions to customise digital offerings to surpass customer expectations and drive expansion. All these products are either ready for deployment in Canada or already used by Canadian customers.

This offering will help institutions achieve deposit growth, improve operational efficiency and meet regulatory and industry compliance.

Canada’s eMACH.ai Cloud platform is designed for interconnected ecosystems. This future-focused solution, compatible with open banking, enables banks and credit unions to collaborate with fintech companies, swiftly introduce innovative products, enhance revenue streams, streamline operations, and attract customers across corporate, SME, and retail segments.

eMACH.ai Experience Zone

Intellect’s Experience Zone is a specially developed cloud service designed to offer engaging experiences for banks and credit unions to touch and feel the power of their first principle technology suite, eMACHai. Through curated user journeys themed around the capabilities to Move Money, Manage Money and Power Digital Transformation, this platform showcases the potential of Contextual and Composable technologies.

Speaking of this launch, the Chairman and Managing Director of Intellect Design Arena, Arun Jain, said, “eMACH.ai is a groundbreaking and transformative suite designed on first principles thinking to simplify technology in the banking, credit union and insurance sectors significantly. With its extensive offering of 329 microservices, 535 events, and over 1757 APIs, it serves as the most comprehensive Open Finance Platform, enabling the creation of customer-centric solutions instead of traditional product-focused ones.”

He expressed enthusiasm about unveiling the Canada-ready eMACH.ai Cloud for Banks and Credit Unions. Coupled with eMACH.ai Experience Zones, financial institutions can directly experience Intellect’s solutions from their client’s perspective.

He also added, “By introducing the Intellect Canada eMACH.ai Cloud, we are leveraging our extensive thirty years of domain expertise in technology and design thinking to cater to banks, Credit Unions and insurance sectors.”

On May 28, 2024, the share price of Intellect Design Arena Ltd opened at ₹890.00, touching the day’s high at ₹902.95, as of 12:50 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.