Intellect partners with Indian Bank to boost Transaction Banking

By Gloria Mathias

Intellect Design Arena has announced that the Indian Bank has chosen Intellect’s eMach. ai-powered Cash Management System to bolster their Corporate Banking Modernisation.

This strategic partnership is a pivotal moment to Intellect’s growing footprint in the Indian BFSI industry, rendering the capabilities of a cognitive enterprise for revolutionising transaction banking.

As a part of the project ‘INDLEAP’, the Indian Bank has taken on the objective of digital transformation by leveraging technology wherever possible with transaction banking and supply chain management being the key growth engines.

Through this implementation, Intellect provides:

• Omni-channel access across Desktop, Mobility, Host to Host & API
• Treasury persona-aligned dashboard to drive Contextual Banking experience
• Extensive coverage of Payments across electronic and physical channels
• Contextual use cases for Bank and Corporate Personas across Mandate, Cashflow Forecasting & Reconciliation
• Coverage of Multi-Modal Collections offerings for Indian Corporates (Mandate based collections, Electronic Variants Cash/Cheque Collections, Doorstep Banking, Cash Delivery
• Comprehensive Bill Collections Platform to help Channel Agnostic Bill Orchestration, Collections & Settlement for Anchor Billers. Payment-by-link to enhance user experience & stickiness for Bill Payments
• Ready Open APIs across Portfolio, Payment, and Collections to curate Banking-as-a-Service from Indian Bank

“We take pride in being the technology partner of choice for Indian Bank, One of the top PSU banks in India. Against their meticulous evaluation of Technology players in the cash management solution domain, Intellect’s Selection underscores our unwavering commitment to leading-edge Technology and delivery excellence,” said Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena Limited.

He added, “This partnership is a testament to our pioneering technology powered by eMach.ai to transform and position Indian bank at the helm of innovation in this era of digital enterprise. Intellect Cash Management is poised to cater to all cash management requirements for all segments and sectors of customers to optimise their cash flow and facilitate effective management of corporate business operations.”