Intellect Design Teams Up With Indian Bank For Cash Management

Intellect Design Arena has successfully implemented its eMACH.ai-powered Cash Management System for Indian Bank under the project 'INDLEAP,' aimed at digital transformation. This initiative underscores the strategic use of technology in transaction banking and supply chain management.

The implementation comprises omni-channel accessibility, a Treasury-aligned dashboard, extensive payment coverage and contextual use cases catering to both banks and corporates. Additionally, it includes multi-modal collections offerings and integrates Open APIs for Banking-as-a-Service from Indian Bank, offering a comprehensive solution.

Ramanan S V, the Chief Executive Officer for India and South Asia at Intellect Design Arena, expressed pride in being chosen as the technology partner for Indian Bank, a prominent PSU bank in India. He highlighted Intellect's commitment to cutting-edge technology and exceptional delivery, reflecting in their selection after a meticulous evaluation of technology players in the cash management solution domain.

On the BSE, the company's shares saw a 3.33 per cent increase, reaching Rs 773.45 by 12:50 pm.