Intellect Design Arena share price rose over 4 percent intraday on February 22 after Bank Rakyat Indonesia selects Intellect Wealth for digital transformation.
The Company’s wealth platform, WealthQube, will underpin the digital transformation of wealth management at PT Bank Rakyat Indonesia (BRI), the company said in the release.
“With implementations in Singapore, Thailand, Malaysia, Philippines, India and Saudi Arabia, we have a very deep understanding of this market. The superiority of our offering is established by the fact that we won this deal against a very competitive line up of Swiss providers,” said Jaideep Billa, President, Wealth Management, Intellect Design Arena
At 1312 hours, Intellect Design Arena was quoting at Rs 444.35, up Rs 11.10, or 2.56 percent, on the BSE. The share touched its 52-week high of Rs 502 on February 8, 2021 and 52-week low of Rs 44 on March 25, 2020. It is trading 11.48 percent below its 52-week high and 909.89 percent above its 52-week low.
The world’s first complete Global Transaction Banking Platform. It enables the customer to seize the tremendous global transaction banking opportunity, conservatively estimated at $509bn by 2021. The formidable third generation iGTB with built-in omnichannel Corporate Banking Exchange powers the customer’s way to Principal Banker position.
Delivering the financial technology the customer has always needed to leverage expertise and on-field innovation without constraints. The most advanced Consumer Banking Platform built on current technologies. Seamless omnichannel banking with lifecycle assurance optimises first time cost of ownership and technology running costs.
Peerless productivity, at 70% lower post implementation costs! The crown jewel is Intellect Quantum CBS, the specialist Core Banking Solution for the unique requirements of central banks. Trusted by the central banks of India, Seychelles, Ethiopia and now in Europe, the solution deploys a formidable array of advanced technology frameworks.