Intellect Design Arena Ltd (BSE: 538835, NSE: INTELLECT), a leader in enterprise-grade financial technology, announces a global strategic partnership with HCLTech(BSE: 532281, NSE: HCLTECH), a leading global technology company.
Intellect and HCLTech have joined forces to bring domain-rich, technology solutions to Financial Institutions globally. HCLTech's global reach and expertise in financial services and engineering, combined with Intellect's advanced eMACH.ai platform, aims to drive digital transformation for financial institutions. This partnership focuses on leveraging data and AI to help organisations remain competitive and capitalise on the next wave of transformation.
This collaboration leverages Intellect's eMACH.ai, designed using First Principles Thinking as the most comprehensive, composable, and intelligent open finance platform, alongside its Purple Fabric, the world's first Enterprise-Grade Connected Intelligence AI platform, tailored for the banking and insurance sectors. Together, these two products aim to revolutionise the delivery of banking technology services by enhancing operational efficiency, driving digital transformation, and ensuring regulatory compliance for financial institutions globally. eMACH.ai is the most comprehensive open finance platform designed to simplify technology in the banking and insurance sectors. With an impressive array of 329 microservices, 535 events, andover1757 APIs, eMACH.ai enables financial institutions to build future-ready solutions, providing them with a global competitive edge. Purple Fabric is a pioneering platform accelerating enterprise AI adoption for financial institutions (FIs).
It represents the next step in the evolution of AI, advancing from basic automation to Enterprise-Connected Intelligence, enabling FIs to achieve substantial business impact. With its modular design and advanced AI capabilities, Purple Fabric equips FIs to navigate the complexities of the financial landscape with confidence, paving the way for the future of work through Ethical AI.
Partnership Highlights
- Integrated AI Solutions: Leveraging Intellect's eMACH.ai and Purple Fabric platforms, this alliance brings powerful AI and data-driven capabilities to create more agile, customer-focused, and efficient banking environments.
- Comprehensive Client Solutions: The collaboration will provide financial institutions with an integrated approach to manage, build, and deploy LLM-powered Agents, optimising interactions and operations through trusted, secure data.
- Joint Market Pursuits: Both HCLTech and Intellect will actively pursue new client opportunities, providing an array of support services, including project management and cloud services, tailored to enhance customer satisfaction and competitive agility.
- Specialised Training and Support: Intellect will equip HCLTech teams with the necessary skills to effectively implement and support the joint solutions, ensuring seamless integration and maximised performance.
Commenting on the partnership, Srinivasan Seshadri, Chief Growth Officer, HCLTech, said "We are focused on enabling financial institutions to establish and embed responsible AI at scale, closing the gap between vision and execution. Our collaboration with Intellect Design Arena allows HCLTech to deliver contextual transformation in financial services through cutting-edge solutions that cater to the ever-changing requirements of our clients."
Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena Limited, expressed his enthusiasm for the partnership, stating, "Partnering with HCLTech harnesses the innovative capabilities of eMACH.ai, a platform that embodies our commitment to using First Principles Thinking to drive significant advancements in the financial services industry. Together with Purple Fabric, we aim to redefine operational efficiency and customer satisfaction, equipping our clients to excel in a rapidly evolving global market."
Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 987.35 as compared to the previous close of Rs. 998.65. The total number of shares traded during the day was 10134 in over 765 trades.
The stock hit an intraday high of Rs. 1031.45 and intraday low of 983.00. The net turnover during the day was Rs. 10129475.00. |
