Bank Albilad Selects Intellect Design Arena to Revolutionize Cash Management in Saudi Arabia

1 min read     Updated on 07 Aug 2025, 12:29 PM
scanxBy ScanX News Team
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Overview

Intellect Design Arena has partnered with Bank Albilad to enhance cash management capabilities in Saudi Arabia's wholesale banking sector. The collaboration will utilize Intellect's eMACH.ai platform to offer digital cash management services, mobile solutions, and advanced product offerings. This partnership aligns with Saudi Vision 2030, aiming to drive economic diversification and financial innovation. Corporate and SME customers can expect improved operational efficiency, financial control, and digital agility.

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*this image is generated using AI for illustrative purposes only.

Intellect Design Arena , a global leader in financial technology, has announced a significant partnership with Bank Albilad, one of Saudi Arabia's top banks, to enhance its cash management capabilities. This collaboration marks a major step forward in the digital transformation of wholesale banking in the Kingdom of Saudi Arabia.

Transforming Wholesale Banking

Bank Albilad is set to leverage Intellect Design Arena's cutting-edge technology solutions to drive the evolution of wholesale banking in Saudi Arabia. The partnership aims to deliver customer-centric and future-ready solutions, utilizing emerging technologies and intelligent platforms.

eMACH.ai: Powering the Future of Banking

At the heart of this transformation is Intellect's eMACH.ai platform, an open finance solution designed to meet the evolving needs of various industries. The platform will enable Bank Albilad to offer:

  • Seamless, multi-channel digital cash management services
  • Mobile excellence with secure, enterprise-grade mobility solutions
  • Advanced product offerings, including digitized self-service payment workflows with embedded FX capabilities
  • Personalized services through 100+ APIs with contextual actions
  • Improved operational efficiency and faster customer onboarding

Alignment with Saudi Vision 2030

This partnership aligns closely with Saudi Arabia's Vision 2030, focusing on economic diversification and innovation in the financial sector. The transformation is expected to create significant business impact, drive efficiencies, enhance user experience, and redefine the future of banking in the region.

Industry Impact and Client Benefits

Corporate and SME customers of Bank Albilad can look forward to:

  • Increased operational excellence
  • Enhanced financial control
  • Improved digital agility
  • A reimagined customer experience

Leadership Perspective

Manish Maakan, CEO of Wholesale Banking at Intellect Design Arena Ltd., expressed his enthusiasm about the partnership: "We are honoured to partner with Bank Albilad, a forward-thinking bank committed to driving innovation in Saudi Arabia's financial sector. This collaboration aligns with the Kingdom's ongoing digital transformation and Saudi Vision 2030."

Maakan added, "Together, we are realising a future-focused banking experience. One that will set a new benchmark for corporate banking in the region. This partnership is Intellect's fourth digital transformation initiative in Saudi Arabia's wholesale banking and further strengthens our cherished position as a trusted technology leader in the GCC."

Conclusion

This strategic partnership between Bank Albilad and Intellect Design Arena represents a significant leap forward in the modernization of wholesale banking in Saudi Arabia. As the financial landscape continues to evolve, this collaboration is poised to deliver innovative, efficient, and customer-centric banking solutions that will shape the future of the industry in the region.

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Intellect Design Arena Reports Strong Q1 Results, Launches Purple Fabric AI Platform

2 min read     Updated on 01 Aug 2025, 04:46 PM
scanxBy ScanX News Team
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Overview

Intellect Design Arena reported robust Q1 financial results with 18% YoY growth in total income to ₹734.00 crore, 28% increase in EBITDA to ₹176.00 crore, and 27% growth in profit after tax to ₹94.00 crore. The company secured 17 new deals, implemented 15 digital transformations, and made strategic wins in the US market. Their new AI platform, Purple Fabric, generated over 400 leads and a pipeline of nearly ₹800.00 crore in 60 days. The company plans to invest ₹130.00 crore in Purple Fabric this year, expecting AI to generate about ₹200.00 crore in revenue by year-end. The overall deal funnel stands at ₹11,300.00 crore, with ₹9,200.00 crore in active opportunities.

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*this image is generated using AI for illustrative purposes only.

Intellect Design Arena , a leading provider of financial technology solutions, has reported robust financial results for the first quarter, showcasing significant growth across key metrics and the successful launch of its new AI platform, Purple Fabric.

Strong Financial Performance

The company delivered impressive quarterly results with total income reaching ₹734.00 crore, marking an 18% year-on-year growth. EBITDA stood at ₹176.00 crore, representing a 28% increase, while profit after tax grew by 27% to ₹94.00 crore. License-linked revenues, comprising license platform and AMC revenue, amounted to ₹389.00 crore, accounting for over 50% of the total revenue.

Deal Wins and Strategic Expansion

Intellect Design Arena secured 17 new deals and successfully implemented 15 digital transformations during the quarter. Notably, the company achieved three strategic wins in the US market with its eMACH.ai products, marking a significant entry into this key geography. These wins include:

  1. A Tier One Canadian multinational bank selecting both eMACH.ai Core Banking and eMACH.ai Payments for their US expansion.
  2. A San Francisco-based global financial services firm operating across 35 countries choosing eMACH.ai Liquidity Management.

Purple Fabric: A Game-Changing AI Platform

The company's newly launched AI platform, Purple Fabric, has generated substantial interest in just 60 days since its introduction. Key highlights include:

  • Over 400 leads generated
  • A pipeline of nearly ₹800.00 crore built
  • 50 boot camps conducted
  • Over 5,000 participants engaged through business impact AI masterclasses

Intellect Design Arena plans to invest ₹130.00 crore in Purple Fabric this year and expects AI to generate approximately ₹200.00 crore in revenue by year-end.

Strong Deal Pipeline and Future Outlook

The company's deal funnel stands at an impressive ₹11,300.00 crore, with over ₹9,200.00 crore in active opportunities. This robust pipeline underscores the growing demand for Intellect's innovative financial technology solutions.

Management's Vision

Arun Jain, Chairman and Managing Director of Intellect Design Arena, expressed confidence in the company's growth trajectory. He stated, "From your investment perspective, a PBT of ₹1,000.00 crore and ₹4,000.00 crore as a top-line number in three years is very much possible. It is not guidance, but this is what we are striving for."

Expansion into New Markets

The company is actively expanding its presence in Canada, which it now considers one of its three home markets alongside India and the UK. The recent acquisition of Central1 has significantly boosted Intellect's Canadian footprint, adding approximately 170 new customers and 140 employees.

Focus on AI and Innovation

Intellect Design Arena is positioning itself as a leader in enterprise AI, with Purple Fabric competing alongside established players like Palantir and C3.ai. The company's unique approach includes:

  1. Enterprise Knowledge Garden (EKG): A trademarked concept that combines data lake capabilities with organizational knowledge.
  2. Digital Experts: Focusing on complex problem-solving rather than just basic agent functionalities.
  3. Open Technology: Allowing flexibility in Large Language Model (LLM) selection and benchmarking.

As Intellect Design Arena continues to innovate and expand its market presence, the company appears well-positioned to capitalize on the growing demand for AI-driven financial technology solutions across global markets.

Historical Stock Returns for Intellect Design Arena

1 Day5 Days1 Month6 Months1 Year5 Years
-1.15%-4.66%-19.72%+18.35%+0.02%+389.72%
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