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Intellect Design Arena jumps over 5% on launching ‘First Principles’ Technology suite

23 February 20243 mins read by Angel One
This suite of First Principles Technology keeps a bank’s customer in focus, be it Retail, HNI, SME, Corporate, and others.
Intellect Design Arena jumps over 5% on launching ‘First Principles’ Technology suite
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On Friday, Intellect Design Arena shares surged 6.96% to trade at Rs 956.00, from its previous closing of Rs 893.80 on the BSE.

Launch of ‘First Principles’ Technology suite

Intellect Design Arena has launched its ‘First Principles’ Technology suite, eMACH.ai, for Technology-suave Bankers in the Middle East and Africa. This suite of First Principles Technology keeps a bank’s customer in focus, be it Retail, HNI, SME, or Corporate, the events in their financial journey, or events created by bank operations or events generated by regulators and compliance.

Financial institutions orchestrate their offerings based on these events to ensure customer satisfaction and regulatory compliance. This orchestration is done using a well-defined set of self-sufficient services referred to as Microservices in the tech community.

To provide complete services from approval to credit decisioning to risk compliance to regulatory reporting, corporate banking ecosystems like liquidity, payments, cash management, virtual accounts, SME lending, Corporate DDA and trade & supply chain finance, these Microservices must collaborate with other services.

With embedded AI for operational efficiency and smart decisioning, eMACH.ai is the most comprehensive ‘First Principles’ Technology addressing the current and future needs of any Financial institution.

Company profile

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.

Stock price movement

Today, the stock opened at Rs 905.15 and has touched a high and low of Rs 956 and Rs 899.75, respectively. The BSE group ‘A’ stock of face value of Rs 5 has a 52-week high and low of Rs 1058.10 and Rs 388, respectively. Last one week high and low of the scrip stood at Rs 956, and Rs 885.55 respectively. The current market cap of the company is Rs 12,885.41 crore.

The promoters holding in the company stood at 30.38%, while Institutions and Non-Institutions held 28.94% and 40.68%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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