Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with the CAGR of more than 21% over past three years, announced its partnership with everis, an NTT Data Company, dedicated to consulting and outsourcing.
The digital products of iGTB along with the local presence of everis in targeted countries with dedicated staff, and expertise in IT consulting services of the financial industry, will provide the much-required digital transformation capability for Continental Western Europe. From this partnership iGTB will accelerate sales processes for a strong pipeline and provide valuable local support for implementation and maintenance. In turn, Everis will be enabled to develop a unique Transaction Banking practice and center of excellence that will add to its financial services capability in addition to getting access to UK market through iGTB's clientele.
Manish Maakan, CEO, iGTB said "iGTB expects to ride the crest of IT spend in new investments in Europe, which is expected to grow by 16% year-on-year* for the next three years, due to a renewed focus on digital transformations. This partnership with Everis will help us tap into the available opportunities on digital transformations and contextual banking effectively and thus create a greater brand presence in Europe. everis will be equipped with our digital suite of end-to-end transaction banking products that stand out with their contextual banking capabilities and API-first & microservices-based platform that uses predictive analytics and machine learning to provide corporates with automatic, tailored "best-next" actions and offers, based on contextual business data."
* Source: Celent Global Tech Spending Forecast Banking Edition 2018
Josť Pablo Carbonell, CEO, everis added. "We are very excited to be part of this partnership. This will complement the Financial Services expertise of everis in consulting and outsourcing. It will open opportunities related to Transaction Banking in addition to retail banking and capital markets. These opportunities will help everis create a transaction banking practice and Centre for Excellence. I am sure this partnership will create huge value to our customers by providing the best combination of transaction banking products and services. Our widespread reach and brand will help iGTB with required IT support and maintenance for their digital products, resulting in world class fintech products available to European banks with much needed local language and doorstep support."
Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.248.3 as compared to the previous close of Rs. 253.25. The total number of shares traded during the day was 59081 in over 1019 trades.
The stock hit an intraday high of Rs. 259.05 and intraday low of 246.35. The net turnover during the day was Rs. 14986332.