Chennai/Greater Noida, January 28, 2025 – Intellect Design Arena Limited (NSE: INTELLECT) and Coforge Limited (NSE: COFORGE) have announced a strategic partnership to drive digital transformation in global banking and financial services. This collaboration leverages Intellect's cutting-edge platforms and Coforge's expertise in delivering complex solutions to empower financial institutions worldwide.
Key Highlights of the Partnership
- Technology Integration:
- Intellect's eMACH.ai, an open finance platform, and iTurmeric, a low-code integration suite, will be deployed to enable the modernization of banking systems.
- Features include 300+ microservices and 500+ events, ensuring rapid deployment of financial solutions.
- Global Reach:
- The alliance targets financial institutions across APAC, North America, Europe, and the UK, tailoring solutions to meet market-specific demands.
- Innovation Focus:
- Advanced data analytics and generative AI will enhance customer experiences and streamline operations.
- Financial institutions will benefit from faster time-to-market for new applications and improved operational efficiency.
- Comprehensive Training:
- Intellect will provide training programs to Coforge teams, ensuring seamless implementation and ongoing support for joint solutions.
Management Insights
Kannan Ramasamy, Chief Partner Officer, Intellect Design Arena, stated:"This partnership underscores our commitment to empowering financial institutions with transformative technology. We are creating a powerful synergy to accelerate global digital transformation."
Gautam Samanta, President & Head of BFS, Coforge, added:
"Combining Coforge's expertise with Intellect's innovation, we will modernize operations, enhance customer experiences, and help financial institutions achieve impactful results."