Intellect Design Arena inches up as its consumer banking arm launches eMACH.ai
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Intellect Design Arena is currently trading at Rs. 427.85, up by 0.95 points or 0.22% from its previous closing of Rs. 426.90 on the BSE.
The scrip opened at Rs. 429.70 and has touched a high and low of Rs. 433.05 and Rs. 426.60 respectively. So far 5740 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 862.65 on 21-Apr-2022 and a 52 week low of Rs. 388.00 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 440.85 and Rs. 413.00 respectively. The current market cap of the company is Rs. 5794.00 crore.
The promoters holding in the company stood at 30.60%, while Institutions and Non-Institutions held 26.76% and 42.65% respectively.
Intellect Global Consumer Banking, the consumer banking arm of Intellect Design Arena, has launched eMACH.ai, the world’s largest Open Finance based Core Banking Platform On Cloud with pre-integrated Marketplace for the UK and Europe markets. The platform is hosted on AWS cloud and empowers financial organisations to design signature products and deliver contextual experiences for their customers throughout their life journey. The platform is the most comprehensive in the industry and covers current account, savings account, deposits, lending, cards, payments, trade finance, treasury and digital banking.
eMACH.ai is the world’s largest Open Finance Platform, to design the future of financial institutions with future-ready technology solutions. Based on the five principles of configurability, richness, scalability, ease of integration, and composability, eMACH.ai helps banks create their own ‘My Signature Solution’ by harnessing the power of artificial intelligence and optimising operations. The future-ready Core Banking Platform is event-driven, microservices-based, API-enabled, cloudnative, and headless with underlying AI models (eMACH.ai), which enables agility, scalability, and faster time-to-market for financial institutions.
Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.
