Intellect Design Arena to launch in Middle East and Africa; stock increases

by MMC
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Intellect Design Arena Ltd. announced the launch of its first-principles technology suite,, aimed at technology-savvy bankers in the Middle East and Africa.

According to the company’s release, the suite will help financial institutions transform technology, leveraging marketplaces like IDC, iKredit360, digital banking, digital wealth management and insurance from BankTech Wave 3 to Wave 5. It offers banks 329 micro-services, 1,757 APIs and 353 events to enable them to create technological solutions.

Commenting on the launch, Arun Jain, CMD and Chief Architect, Intellect Design Arena, said, “Intellect’s technology has leveraged cloud intelligence to design the banker’s own composable business impact solutions, based on an event architecture, ready to be used in depth. rich functional microservices and dozens of APIs on Cloud Headless. The combination of these 4 principles creates a magical name for our technology – eMACH – Events, Microservices, API, Cloud and Headless.

Intellect Design Arena stock jumped 5.26 per cent on the NSE to trade at ₹940.75 at 2:27 pm on Friday.

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