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Intellect deploys Cash Management System built on eMACH.ai for Indian Bank

Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena Limited.
Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena Limited.

The partnership is expected to help transform and position Indian bank at the helm of innovation in this era of Digital Enterprise.

Intellect Design Arena Ltd has said that 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 – adding another feather to Intellect’s growing footprint in the Indian BFSI industry, rendering the capabilities of a cognitive enterprise for transforming transaction banking.

“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.”

Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena Limited. 

Indian Bank is one of the leading government-owned banks in India with a network of 4900 ATMs and 5798 domestic branches, serving over 100 million customers with 41,000+ employees and USD 140+ Billion worth of assets. Indian Bank has always been a forerunner in offering digital products and emphasises leveraging operational efficiencies, cost synergies and new opportunities in terms of brand and reach to deliver enhanced customer experience.

As a part of the project ‘INDLEAP’, 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.

“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.”

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