Intellect Design Arena's Q4 FY24 results show impressive growth with net profit up 93% to ₹136.00 crore and revenue rising 19% to ₹726.00 crore. The company announced its highest-ever dividend of ₹7.00 per share, including a special dividend, with the record date set for July 18, 2025.
21Apr 25
Intellect Design Arena Secures Multi-Million Dollar Deal with UK-Based Global Bank
Intellect Design Arena has secured a multi-year, multi-million dollar contract with a UK-based global bank to accelerate its international wholesale banking expansion. The partnership will utilize Intellect's eMACH.ai Wholesale Banking platform to provide a unified solution for corporate deposits, commercial lending, payments, and digital engagement in key markets including India, Hong Kong, and Singapore. The implementation will feature comprehensive corporate core and lending, cross-border payments, intuitive banking interface, and regulatory compliance for India's GIFT City operations.
17Apr 25
Intellect Design's IntellectAI Unveils Magic Placement: A Game-Changer for Insurance Industry
Intellect Design Arena's division, IntellectAI, has introduced Magic Placement, an innovative solution for the insurance sector. Built on proprietary Purple Fabric technology, it uses agentic AI and Large Language Models to streamline policy, quote, and binder comparison processes. The solution aims to reduce manual effort, minimize errors, and accelerate decision-making for insurance professionals, potentially revolutionizing insurance placement operations.
15Apr 25
Intellect Design Arena's eMACH.ai CPX Selected by Essel Mining for Procurement Excellence
Intellect Design Arena's procurement unit will provide its eMACH.ai CPX platform to Essel Mining & Industries Limited (EMIL), part of the Aditya Birla Group. The deal aims to revolutionize EMIL's procurement processes, managing an expected annual procurement value of ₹1200.00 crore. The platform will connect EMIL with over 800 sellers, offering benefits such as broader vendor access, automated workflows, AI-powered insights, and enhanced collaboration. EMIL, with an annual turnover of ₹2343.00 crore in FY24, expects this partnership to significantly transform its procurement strategies and operational efficiency.
01Apr 25
Intellect Design Arena Reaffirms 15% Growth Target for FY26, Showcasing Confidence in Business Strategy
Intellect Design Arena, a leading fintech solutions provider, has maintained its 15% growth projection for fiscal year 2026 despite economic uncertainties. The company's confidence stems from its strong market position, potential innovation pipeline, expected client retention and expansion, and operational efficiency measures. This reaffirmation signals the company's optimistic outlook and belief in its business strategy's resilience in the evolving fintech landscape.
26Mar 25
Intellect Design Arena and LTIMindtree Partner to Transform Financial Services in MEA and APAC
Intellect Design Arena and LTIMindtree announced a strategic partnership on March 26, 2025, to revolutionize financial services in the Middle East, Africa, and Asia-Pacific regions. The collaboration integrates Intellect's eMACH.ai and iTurmeric platforms with LTIMindtree's digital solutions, focusing on core banking, wealth management, lending, payments, and cards management. The partnership aims to accelerate digital transformation, enhance customer experiences, and enable faster deployment of new applications for financial institutions in these markets.
11Mar 25
Intellect Design Arena's IntellectAI Boosts Underwriting Accuracy for Across America Insurance Services
Intellect Design Arena's insurtech division, IntellectAI, has partnered with Across America Insurance Services to implement AI-powered solutions for improved underwriting. The collaboration involves the use of IntellectAI's Magic Submission and Xponent platforms, built on the Purple Fabric AI platform. These tools aim to streamline insurance submissions, process loss runs with high accuracy, and provide advanced analysis capabilities. The partnership is expected to reduce administrative tasks and enable more informed underwriting decisions in the commercial insurance industry.
04Mar 25
Intellect Design Arena Expands Canadian Footprint: Central 1 Transfers Digital Banking Operations of 170+ Financial Institutions
Intellect Design Arena's Canadian subsidiary has acquired Central 1 Credit Union's digital banking operations, serving over 170 credit unions and banks. The transition, effective March 3, 2025, includes the transfer of Forge, MemberDirect, Public Website, and Mobile Applications, along with 140 employees. Intellect will offer its eMACH.ai Digital Engagement Platform to Central 1's former clients, providing enhanced digital banking experiences. This move positions Intellect as a major player in the Canadian financial technology landscape.
03Mar 25
Intellect Design Arena Expands Canadian Presence with Major Digital Banking Transfer
Intellect Design Arena's subsidiary, Intellect Canada, has completed the transfer of digital banking operations for over 170 credit unions and banks from Central 1 Credit Union. The transfer, effective March 03, 2025, includes Central 1's Forge, MemberDirect, Public Website, and Mobile Applications. Over 140 employees from Central 1's digital banking team have joined Intellect. This move positions Intellect as one of the largest technology providers in the Canadian Financial Services Industry, enhancing its portfolio and client base. The company aims to ensure seamless service transition and future innovations, leveraging its eMACH.ai Digital Engagement Platform to offer tailored solutions for various banking segments.
20Feb 25
Intellect Design Arena Clinches ₹200 Crore Deal for AI Platform
Intellect Design Arena has won a multi-year contract worth ₹200 crore ($24 million) for its Purple Fabric AI platform. This significant deal in the fintech sector validates the company's AI capabilities and is expected to provide a steady revenue stream. The contract highlights the increasing adoption of AI in financial services and could strengthen Intellect Design Arena's position in the market.