Intellect Design Arena has announced a landmark deal win in Canada, with 37 financial institutions that are participants of the National Digital Banking Working Group (NDBWG) selecting the company to deliver a world-class digital banking experience. The partnership will serve over 262,000 credit union and financial institution members across 5 provinces, uniting institutions managing over $11.7 billion CAD in assets under a single, future-ready digital architecture. This marks one of the most significant collaborative digital transformation initiatives within Canada's financial ecosystem.

Deal at a Glance

The key parameters of this partnership are summarised below:

Platform and Selection Process

The NDBWG selected Intellect as its partner to provide the eMACH.ai Digital Engagement Platform (DEP) and associated services to its participating financial institutions, following an exclusive negotiation period announced in August 2025. Among the 59 financial institutions that participated in the vendor selection process identifying Intellect's eMACH.ai DEP as the preferred platform, 37 have now formally signed on, with additional institutions still progressing through the process.

Key Capabilities Being Deployed

By leveraging Intellect's eMACH.ai DEP, the participating financial institutions are modernising their offerings across several dimensions:

• Enhanced member management: Members can be prompted to update personal information, enabling financial institutions to satisfy KYC and AML regulations while maintaining accurate member records
• Advanced digital self-service: Members can manage portfolios, enter service requests, view messages or reminders, upload documents, request bank drafts, change term deposit maturity instructions, open new accounts, recover usernames, and reset passwords within mobile and online banking
• New functionality for financial institution staff: Back-office features empower staff to customise service offerings, initiate requests to members, create and manage marketing campaigns, define user roles and limits, and enable additional internal approval workflows
• Streamlined business operations: A shared cloud-based, multi-tenant SaaS architecture lowers overhead costs and allows institutions to scale services rapidly
• Agile feature rollouts: A low-code, "Canada-ready" design enables the fast launch of new open-finance tools and digital banking features

Voices from the Partnership

Greg Sol, Board Chair, Credit Unions Future Committee, said, "Building on the NDBWG's rigorous process from vendor evaluation to a fully negotiated agreement, we're confident that Intellect is the right long-term partner for Canada's financial institutions. This partnership will enable financial institutions to deliver a modern digital banking experience that meets members' expectations today and well into the future. It also demonstrates the strength of collaboration and what's possible when financial institutions come together around a shared purpose."

Steve Kingan, CEO, Frontline Credit Union, said, "The NDBWG process gave our credit union the expertise and collective strength to navigate this transition in a way we couldn't have managed alone. What we found at the end of that process — both in terms of the outcomes achieved and the partnerships built — has exceeded our expectations. We are excited about what this technology will mean for our members and fully confident that we have selected the right partner to carry us into the future of digital banking."

Rajesh Saxena, CEO, Intellect Consumer Banking, stated, "We are proud to support our growing collective of 37+ Canadian financial institutions as they redefine the future of community banking. By leveraging Intellect's eMACH.ai Digital Engagement Platform, these institutions are joining a broader movement toward high-velocity innovation, ensuring the Canadian cooperative system continues to deliver the resilient, member-first digital experiences that define their success in the market."

About the NDBWG

The National Digital Banking Working Group (NDBWG) is a coalition of 59 small and medium-sized Canadian credit unions and financial institutions unified in their vision for innovation, cooperation, digitising the cooperative value proposition, and long-term sustainability in the digital banking landscape. The NDBWG is formed to streamline efforts, consolidate insights, and develop a unified approach to vendor selection and implementation. Given the significant resources required to evaluate, select, negotiate and migrate these services, credit unions have recognised the potential to pool resources and expertise to drive efficiencies and buying power across the system. The NDBWG is supported by the combined efforts of the Credit Unions Future Committee (CFC), National Consulting Limited (NCL), and Stabilization Central Credit Union.

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Intellect Design Arena Limited has published its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were approved by the Board of Directors at its meeting held on May 08, 2026, based on the recommendations of the Audit Committee.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company filed a compliance communication dated May 11, 2026, with the National Stock Exchange of India Ltd and BSE Ltd. The filing confirms that newspaper advertisements containing the audited financial results were published on May 9, 2026, in Business Line (in English) and Dinamani (in Tamil). Each advertisement includes a Quick Response (QR) code and details of the webpage where the complete financial results are accessible.

Audit and Board Approval

The financial results were audited by M/s. MSKC & Associates LLP (formerly known as MSKC & Associates), the Statutory Auditors of the company. The key details of the filing are summarised below:

Access to Financial Results

The audited financial results are available on the company's investor relations webpage at https://www.intellectdesign.com/investor/results/Financials-Q4-FY26.pdf . Stakeholders may also access the results by scanning the QR code published in the newspaper advertisements.

The compliance communication was signed by Prakash Bharadwaj, Company Secretary and Compliance Officer (ACS-37214), on behalf of Intellect Design Arena Limited. The filing was authorised by Arun Jain, Chairman & Managing Director (DIN: 00580919), from the company's registered office in Chennai.