Intellect Design Arena

Federal Bank opts for Intellect’s digital transaction banking platform

Federal Bank in India has selected Intellect Design Arena’s digital transaction banking (DTB) platform as part of its revamp. The system is powered by an omnichannel corporate banking exchange (CBX) portal with backend processors for collections and receivables, payables, account services and supply chain finance. Intellect says DTB will also augment the front end of […]

Utkarsh Small Finance Bank goes live with Intellect’s core banking system

Utkarsh Small Finance Bank, a microfinance institution in India, has rolled out Intellect Design Arena’s core banking system. The bank received its licence last year, and according to Intellect, one of the key requirements for Utkarsh was to have a joint liability group solution that would enable it to provide group loans to the microfinance […]

Sweden’s central bank goes live on Intellect Quantum system

Sweden’s central bank, Sveriges Riksbank, has finally gone live on Intellect Design Arena’s Quantum Collateral Management Solution (QCMS). The bank signed for the system back in 2013. QCMS provides automation of market operations and intraday liquidity provision, and Intellect says Riksbank will benefit from real-time control, multiple collateral pools and “better cover” over the exposure […]

Intellect turns corner in profit quest

The loss problems for India’s Intellect Design Arena have abated as it has revealed a profit after tax of INR 106 million ($1.65 million) in its Q4 results. As Banking Technology reported last year, Intellect’s lack of profit worsened as it disclosed a loss after tax of INR 138 million ($2 million) for the quarter […]

Central Bank of Lesotho overhauls tech with Intellect Design Arena

The Central Bank of Lesotho has gone live on Intellect Design Arena’s Quantum Central Banking Solution (QCBS). According to India-based Intellect, the “key highlight was an accelerated implementation with zero errors during migration despite complex integration with multiple external interfaces”. Mothetsi Sekoati, head of business solution at Central Bank of Lesotho, says the project is […]

Austria’s Raiffeisen revamps trade finance tech with Intellect

Five Austrian Raiffeisen regional banks and Raiffeisen Bank International will implement Intellect Design Arena’s digital trade finance platform as the group looks to standardise its operations. Raiffeisenlandesbank Niederösterreich-Wien, Raiffeisen-Landesbank Steiermark, Raiffeisenlandesbank Oberösterreich, Raiffeisen-Landesbank Tirol and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung and Raiffeisen Bank International (RBI, a large banking group in […]

El Taamir goes live on Intellect lending suite

Egypt-based El Taamir Mortgage Finance Company has gone live on Intellect Design Arena’s lending suite. Intellect says the implementation was completed in seven months including data migration. The suite equips El Taamir with automation of regulatory reports for the central bank as per Egyptian mortgage laws and generation of receipts for cash payments. Hassan Hussein, […]

Profit problems worsen for Intellect

Intellect Design Arena’s lack of profit has worsened as it reveals a loss after tax of INR 138 million ($2 million) for the quarter ended 30 September 2016. As Banking Technology reported for its previous quarter results, it had a loss after tax of INR 55.2 million ($826,690) for the quarter ended 30 June 2016. […]

CIBC completes phase one of transaction banking tech revamp

Intellect iGTB, the global transaction banking software business of Intellect Design Arena, has implemented its products at CIBC. The project is part of a multi-stage transaction banking and payments tech overhaul at the Canadian banking group.

Profit problems linger for Intellect

Intellect Design Arena’s lack of profit continues as it has reported a loss after tax of INR 55.2 million ($826,690) for the quarter ended 30 June 2016. This is an improvement on the previous year’s quarter, when loss after tax was INR 111.1 million ($1.6 million). Arun Jain, chairman and managing director, Intellect Design Arena, […]

Maybank live with One Treasury in India; launches mobile app in Cambodia

Maybank Indonesia has gone live with Intellect’s integrated treasury management system, One Treasury, for its Indian operations. Intellect says the solution has enabled the overseas branch to “eliminate dependence on intensive manual operations”. The firm says the deployment, user acceptance testing (UAT) and data migration were completed in seven months. Intellect says One Treasury is […]

Intellect still losing money in FY 2015-16, but revenue rises

Intellect Design Arena is still not making a profit and has reported a loss before tax of INR 258.9 million ($3.9 million) for the full year (FY) 2015-16. This is an improvement on last year, when it reported a loss before tax of INR 812.3 million ($12.2 million) for the period ending 31 March 2015. […]