New Launch22 May 2024, 05:11 pm
Intellect Design Arena Launches Intellect Digital Core for Cooperative Banks, Empowering Growth and Digital Transformation
AI Summary
Intellect Design Arena, a leading financial technology company, announced the launch of Intellect Digital Core (IDC) for Cooperative Banks in India. Composed of eMACH.ai, the world's largest open finance platform, IDC offers cooperative banks a best-in-class enterprise-grade technology on a subscription basis. With this initiative, Intellect aims to help cooperative banks compete in the digital banking landscape, cater to customers' evolving demands, and improve financial health.
Key Highlights
- Intellect Design Arena launches Intellect Digital Core (IDC) for Cooperative Banks
- IDC composed of eMACH.ai, the world’s largest open finance platform
- IDC offered as a subscription-based best-in-class enterprise-grade technology
- Initiative intended to help cooperative banks compete and cater to customers' demands
- RBI's 'Report on Trend and Progress of Banking in India 2022-23' emphasizes the need for robust governance and technological upgrades for cooperative banks