Stock Report

Intellect and LTIMindtree forge strategic alliance totransformFinancial Services across MEA & APAC with eMACH.ai

Posted On : 2025-03-26 13:15:31( TIMEZONE : IST )

Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, has announced a strategic partnership with LTIMindtree, a leading global technology consulting and digital solutions company. The partnership is designed to catalyse the evolution of financial services across the Middle East, Africa (MEA), and Asia-Pacific (APAC) leveraging the capabilities of eMACH.ai and iTurmeric.

This alliance aims to combine LTIMindtree's market-leading experience and expertise in successfully delivering complex digital and core transformation programs for leading financial institutions with Intellect's leadership in developing domain-rich, enterprise-grade financial technology. Together, they aim to address the needs of financial institutions in the Middle East, Africa and APAC in navigating market complexities and creating customer-centric, agile, and efficient operational models.

In a rapidly evolving financial ecosystem, the demand for adaptable, future-ready solutions is more pressing than ever. The partnership further combines the capabilities of eMACH.ai, Intellect's comprehensive first principle-based open finance platform, and iTurmeric, a low-code integration suite, with LTIMindtree's full-service capability spanning design, build, integration and testing to deliver tailored solutions across core banking, wealth management, lending, payments, and cards management.

Partnership Highlights

- Integrated Solutions for Agile Transformation: By combining the capabilities of eMACH.ai and iTurmeric, this partnership empowers financial institutions with innovative, flexible, and scalable solutions to meet the demands of wealth, lending, payments, and cards management.

- Accelerated Market Expansion: Intellect and LTIMindtree will leverage their joint expertise to pursue new opportunities across the Middle East, Africa and APAC, providing tailored solutions to address the region's unique market needs, challenges, and opportunities.

- Seamless Integration and Faster Time-to-Market: With eMACH.ai's extensive service suite and iTurmeric's low-code platform, institutions will be able to rapidly deploy new applications, streamline operations, and enhance customer experience.

- Ongoing Support and Skill Development: Intellect and LTIMindtree's teams will work togetherto ensure successful implementation, support, and management of joint solutions, fostering long-term success for all stakeholders.

This partnership promises transformative benefits for end customers, offering more agile, efficient, and highly personalised banking experiences. Equipping financial institutions with the tools to innovate at speed, optimise operations, and elevate service delivery, paves the way for faster time-to-market, superior customer satisfaction, and deeper engagement. These advancements not only enhance customer loyalty but also fortify the institutions' positioning in the rapidly evolving, digital-first financial landscape.

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena Limited said, "Our partnership with LTIMindtree is a testament to our vision of reshaping the financial services landscape with agility, intelligence, and innovation. By leveraging the transformative potential of eMACH.ai, we aim to empower institutions not just to keep pace with change but to lead it - delivering unparalleled customer experiences while navigating the complexities of a dynamic global marketplace with confidence."

Commenting on the partnership, Ram Khizamboor, Chief Delivery Officer, LTIMindtree, said, "This partnership is a strategic move to accelerate the digital transformation of financial institutions in the Middle East, Africa and APAC regions. By combining Intellect's powerful eMACH.ai platform with our digital expertise and proven track record in partnering with our financial services clients in their modernisation journeys we are enabling our clients to implement cutting-edge, scalable solutions that not only enhance operational efficiency but also deliver impactful customer experiences."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 726.80 as compared to the previous close of Rs. 725.15. The total number of shares traded during the day was 20408 in over 1054 trades.

The stock hit an intraday high of Rs. 738.95 and intraday low of 720.00. The net turnover during the day was Rs. 14899962.00.

Shares of LTIMindtree Limited was last trading in BSE at Rs. 4607.55 as compared to the previous close of Rs. 4619.85. The total number of shares traded during the day was 62722 in over 6591 trades.

The stock hit an intraday high of Rs. 4659.70 and intraday low of 4557.50. The net turnover during the day was Rs. 288354079.00.