Fri. Jul 19th, 2024 online news,Mumbai, India, June 13th, 2024: Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, announces the launch of the Intellect Digital Core for Cooperative Banks in India.

This comprehensive, enterprise-grade banking technology suite is composed of, the world’s largest open finance platform engineered by the ‘First Principles’ Thinking for financial institutions to design future-ready technology solutions.

Drawing on the composable and contextual core banking technology that runs some of the world’s largest banks, Intellect brings the same expertise for cooperative banks as a Digital India initiative.

With three decades of domain expertise and ‘Design Thinking’ at our core, we have launched Intellect Digital Core, tailored for Cooperative Banks.

In the contemporary banking landscape, customers’ expectations have evolved, and they now demand digital front-end layers from the banks they engage with. This includes the ability to perform UPI transactions and leverage Internet banking services.

It is imperative for cooperative banks to cater to the aspirations of the younger generation of customers by providing these value-added services. Intellect

Digital Core for Cooperative Banks enables them to embrace digital transformation and incorporate modern technologies to meet evolving customer demands and stay competitive. The enterprise-grade banking technology suite meets customers’ evolving needs in tier-2 and tier-3 cities.

Commenting on the launch, Ramanan SV, CEO-India & South Asia, Intellect Design Arena, said, “We are excited to bring Intellect Digital Core to revolutionise the way Cooperative Banks operate in India.

Being made in India, we understand the patterns of the Indian market and the evolving demands and expectations of customers in Tier 2&3 cities. The technology is built on the ‘First Principles’ Technology Suite, enabling the banks to become Digital Enterprise, thereby driving exponential growth.

With a legacy spanning three decades and guided by an institutionalised Design Thinking approach, Intellect continues to reinforce its technology leadership in the financial technology space – this product specifically designed for Cooperative Banks is testimony to that.”

“With 12+ Industry-ready integrations available, banks can enjoy plug-and-play functionality to get started quickly and focus on what really matters – growing the business. Intellect Digital Core also supports a wide range of regional languages, ensuring the message is accurately conveyed to the target audience,” he added.

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