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Utkarsh Small Finance Bank goes live with Intellect’s core banking system

India

Utkarsh Small Finance Bank, a microfinance institution in India, has rolled out Intellect Design Arena’s core banking system. The bank received its licence last year, and according to Intellect, one of the key requirements for Utkarsh was to have a joint liability group solution that would enable it to provide group loans to the microfinance […]

Sweden’s central bank goes live on Intellect Quantum system

Sveriges Riksbank

Sweden’s central bank, Sveriges Riksbank, has finally gone live on Intellect Design Arena’s Quantum Collateral Management Solution (QCMS). The bank signed for the system back in 2013. QCMS provides automation of market operations and intraday liquidity provision, and Intellect says Riksbank will benefit from real-time control, multiple collateral pools and “better cover” over the exposure […]

Intellect turns corner in profit quest

Intellect Design Arena logo

The loss problems for India’s Intellect Design Arena have abated as it has revealed a profit after tax of INR 106 million ($1.65 million) in its Q4 results. As Banking Technology reported last year, Intellect’s lack of profit worsened as it disclosed a loss after tax of INR 138 million ($2 million) for the quarter […]

Central Bank of Lesotho overhauls tech with Intellect Design Arena

Intellect Design Arena logo

The Central Bank of Lesotho has gone live on Intellect Design Arena’s Quantum Central Banking Solution (QCBS). According to India-based Intellect, the “key highlight was an accelerated implementation with zero errors during migration despite complex integration with multiple external interfaces”. Mothetsi Sekoati, head of business solution at Central Bank of Lesotho, says the project is […]

Central Bank of Armenia revamps tech with Intellect Design Arena

Central Bank of Armenia in tech overhaul

India-based software vendor Intellect Design Arena is to provide its Intellect Quantum Central Banking System (QCBS) to Central Bank of Armenia.

Austria’s Raiffeisen revamps trade finance tech with Intellect

First mobile credit card comes to Austria

Five Austrian Raiffeisen regional banks and Raiffeisen Bank International will implement Intellect Design Arena’s digital trade finance platform as the group looks to standardise its operations. Raiffeisenlandesbank Niederösterreich-Wien, Raiffeisen-Landesbank Steiermark, Raiffeisenlandesbank Oberösterreich, Raiffeisen-Landesbank Tirol and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung and Raiffeisen Bank International (RBI, a large banking group in […]

New treasury software deal for Infosys Finacle in India

New banking system project for Infosys Finacle in India

Federal Bank, a large private sector bank in India, is to overhaul its treasury operations with Infosys’ Finacle banking system, Banking Technology understands.

El Taamir goes live on Intellect lending suite

Intellect Design Arena

Egypt-based El Taamir Mortgage Finance Company has gone live on Intellect Design Arena’s lending suite. Intellect says the implementation was completed in seven months including data migration. The suite equips El Taamir with automation of regulatory reports for the central bank as per Egyptian mortgage laws and generation of receipts for cash payments. Hassan Hussein, […]

Profit problems worsen for Intellect

Intellect Design Arena

Intellect Design Arena’s lack of profit has worsened as it reveals a loss after tax of INR 138 million ($2 million) for the quarter ended 30 September 2016. As Banking Technology reported for its previous quarter results, it had a loss after tax of INR 55.2 million ($826,690) for the quarter ended 30 June 2016. […]

Sonali Bank UK to go live with Intellect Design Arena’s core system “in near future”

Sonali Bank UK: four years on, the core banking software revamp is still a work in progress

Four years on since the start of the project, Sonali Bank UK is yet to go fully live with a new core banking system, Intellect Core Banking. The operations are “partially automated”, says software supplier Intellect Design Arena, but assures that all parties are committed to the project and will compete it in “near future”.

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