Intellect Design Arena rises as its arm launches open finance enabled retail banking platform
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Intellect Design Arena is currently trading at Rs. 575.35, up by 1.65 points or 0.29% from its previous closing of Rs. 573.70 on the BSE.
The scrip opened at Rs. 573.00 and has touched a high and low of Rs. 583.20 and Rs. 572.40 respectively. So far 18458 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 714.00 on 22-Jul-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. 603.05 and Rs. 572.45 respectively. The current market cap of the company is Rs. 7828.01 crore.
The promoters holding in the company stood at 30.60%, while Institutions and Non-Institutions held 26.76% and 42.65% respectively.
Intellect Design Arena’s consumer banking arm -- Intellect Global Consumer Banking (iGCB) has launched its Open Finance Enabled Retail banking platform built on eMACH.ai at Money20/20 in Amsterdam.
The new Retail Banking Platform empowers banks to create unique products and curate experiences by partnering with country-ready marketplace players. The platform encompasses end-to-end Retail Banking across Savings, Deposits, Payments, Cards, Lending, Trade Finance, Treasury and Digital Banking.
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.
