Intellect Design Arena Ltd has secured a landmark deal with a Tier 1 Canadian multinational bank to power their global deposit growth strategy. This strategic engagement marks Intellect's first deployment of its eMACH.ai Core Banking platform in the United States, spanning the bank's Corporate and Investment Banking business and will subsequently extend to Europe and Asia.
The engagement is rooted in Intellect's unique approach that combines First Principles Thinking and Design Thinking. Built on a cloud-native, microservices-based, and API-first architecture, eMACH.ai Core Banking will empower the bank to launch tailored offerings faster across new markets, enhance customer experiences through AI-led personalization, roll out innovations with speed through rapid configuration, streamline operations with 24/7 availability and real-time processing and reduce total cost of ownership through seamless integration.
Manish Maakan, CEO of Intellect Wholesale Banking, said, “This win is a defining moment for us. It represents the coming together of one of the world's most forward-looking banks and Intellect's most advanced core banking platform. Our entry into the U.S. core banking market reinforces the trust placed in eMACH.ai, our technology, our teams, and our ability to deliver at scale. What makes this engagement especially meaningful is the shared vision: a bold, composable approach to banking that breaks free from legacy constraints.”
“This is not just a technology replacement exercise, but a strategic move to reimagine how the bank grows deposits, scales globally, and serves clients in the digital age. We are honoured to be their partner of choice and deeply committed to making this a global success story. This also signals a broader shift – the rising relevance of deep-tech players from the East who are bringing agility, innovation, and execution certainty to the world's most respected banks,” he added.
Intellect Design Arena Ltd is a global leader in enterprise-grade financial technology, delivering composable and intelligent solutions to forward-looking financial institutions across 61 countries. With three decades of domain expertise, Intellect's product suite spans Wholesale Banking, Consumer Banking, Central Banking, Wealth, Capital Markets, Treasury, Insurance and Digital Technology for Commerce.
