Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Myanma Foreign Trade Bank chooses Intellect for a scalable, future-proof Digital Transformation

Posted On: 2020-09-28 23:37:06 (Time Zone: Arizona, USA)


Intellect Design Arena Limited, a specialist in applying true Digital Technologies across Banking and Insurance, is proud to announce that it will steward the digital transformation of Myanmar's State-owned Myanma Foreign Trade Bank (MFTB). Intellect will power MFTB's digital aspirations with Intellect Digital Core 19.2 - a fully integrated solution with the best of breed functionalities to provide a truly Omnichannel experience. The solution is past-compatible, which means it will integrate with MFTB's existing system seamlessly. It is also future-proof - giving MFTB the ability to respond with agility to new market demands and scale progressively.

MFTB carries a serious mandate of sustainable development and inclusive banking. This demands a superior class of technology with comprehensive business functions, which Intellect aims to provide. The IDC solution includes a host of parameterizable modules across CASA, deposits, general ledger, domestic and international inward and outward clearing, digital lending, trade finance, and treasury. Profitability monitors on the Trade and Lending modules will provide actionable insights. Intellect also provides an integrated and robust security suite in ARX. And above all, a revolutionary enterprise-level integration platform supporting multiple APIs for hassle-free integration.

A respected representative from MFTB said: "We found the Intellect Digital Core banking suit a good fit with our business and operational goals. The architecture supports scalability to multiple levels, potentiallyenabling higher transaction volume processing, high availability, and data integrity across modules. We look forward to a smooth implementation and collaborative innovation.

Rajesh Saxena, CEO of iGCB, Intellect's Global Consumer Banking business, said: "Itis an honour for us to power MFTB's nation-building agenda. With the comprehensive IDC suite and 'core in 24/7 mode', we are confident of powering measurable growth for MFTB. We are delighted to work together with ACE Data Systems as a partner in this important project. We look forward to great synergy and superior outcomes.

Zaw Moe Thant, Chief Executive Officer, ACE Data Systems, said: Our proven BFSI expertise in the region will complement Intellect's futuristic technology to deliver a powerful solution for MFTB. We look forward to working together to ensure an omnichannel customer experience for their customer base of 200k+ and expanding fast. In addition to providing a comprehensive and consolidated app landscape, Intellect will look to streamline systems with a 'one middleware' approach. To provide contextual, smooth service to MFTB, Intellect has also partnered with Myanmar-based ACE Data Systems, an IT conglomerate with expertise across software development and system integration, outsourcing, IT infrastructure, and cybersecurity, education services, and e-commerce.

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.204.95 as compared to the previous close of Rs. 205.1. The total number of shares traded during the day was 6719 in over 273 trades.

The stock hit an intraday high of Rs. 209.55 and intraday low of 204.55. The net turnover during the day was Rs. 1393397.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

GRM Overseas Limited arm launches SPICES

HDFC Property Ventures Ltd divests stake in Magnum

NITCO Ltd updates on sale of stake in NVVPL

Glenmark receives 'India Pharma Innovation of the Year' Award from the Govt. of India

Mahindra & Mahindra arm completes sale of stake in MFCS and ADPL

Aster Labs to provide Covid-19 RT-PCR test reports with QR codes to citizens travelling to Dubai

Sterlite Power elevates Manish Agarwal as CEO of Infrastructure & Solutions Business

ICRA reaffirms long-term rating of Rashtriya Chemicals and Fertilizers Limited

TCS Among Top 5 Triple-A Trifecta Service Providers: HFS

Max Groups' MaxVIL launches Managed Office Space business 'WorkWell Suites', targets 2 lac sq. ft.

Shri Bajrang Alliance Limited's Agro Division is accredited with BRC CERTIFICATE

Zydus Cadila receives final approval from USFDA for Nortriptyline Hydrochloride Capsules

Gujarat Alkalies and Chemicals Ltd to avail ECB of $70 mn from SBI

L&T Technology Services selected by Airbus for Skywise Partner Programme

Jubilant Industries Ltd updates on restructuring proposal

Sun Pharma Launches Website for its Long-Term Care Portfolio in the U.S.

Angel Broking partners with Vested Finance empowering Indians to invest in US-based stocks

Bharti Airtel announces successful pricing of its $1.25 billion US$ Bond Offering

Max Life receives IRDAI nod for stake sale to Axis Bank Limited

Ashok Leyland Ltd to acquire balance 38% in Hinduja Tech Ltd

Wipro launches Cisco Business Unit marking 25 years of partnership with the company

CSL Signs MoUs with DCI and IHC Holland BV for construction of World-Class Dredgers

Badass Devika wins hearts in ALTBalaji and ZEE5's Dev DD 2, a must watch without doubt

Just Dial launches its exclusive B2B platform, Jd Mart

Indiabulls Real Estate Limited receives CCI, BSE, NSE and SEBI approval for merger

Rajapalayam Mills Limited board to consider terms of rights issue on Feb 27, 2021

Huhtamaki PPL Ltd Q4CY20 PAT slides to Rs. 5.08 crore

Sheshadri Industries Ltd posts Rs. 4.98 crore PAT in Q3FY21

MEP Infrastructure Developers Ltd receives LOA from NHAI for user fee collection at Sergarh Fee Plaza

H.G. Infra Engineering Limited has been declared as L1 bidder by NTPC Limited

Bhakti Gems and Jewellery Ltd launches antique gold jewellery studed with Swarovski Stone

Cyprium Therapeutics and Sentynl Therapeutics sign Development and Asset Purchase Agreement

Narendra Investments (Delhi) Limited board to consider preferential issue and acquisition of assets

Tirupati Starch & Chemicals Ltd board to consider preferential issue offer letter on Feb 25, 2021

Dredging Corporation of India signs MOU with Cochin Shipyard Ltd for construction of dredger

Huhtamaki India Ltd Board recommends dividend of Rs. 3 for CY2020

Aavas Financiers Limited reduces PLR by 15 basis points w.e.f April 1, 2021

IRB Infrastructure Developers Ltd hands over project to MSRDC

SMC Global Securities Ltd. lists its equity shares at stock Exchanges

Nokia and NIIT launch first-of-its-kind 5G certification program over a webinar with COAI

Affle (India) Limited board to consider QIP, fund raising on Feb 27, 2021

Wipro appoints Graziella Neuvéglise as Regional Head and Managing Director, Southern Europe

TCS Named in 2021 Gartner Market Guide for Retail Unified Price, Promotion and Markdown Optimization Applications

Wipro Names René Mulder as Country Head and Managing Director, Switzerland

Godawari Power and Ispat Ltd commences booking export order for high grade Iron Ore Pellets

IDBI Bank withdraws declaration of Nitin Fire Protection Industries Ltd as willful defaulter

IP Rings Ltd opens new facility at Maraimalai Nagar

Spandana Sphoorty Financial Limited approves issue of 12,000 NCDs

Thomas Cook India Launches India's first physical MICE event in partnership with Marriott

Dilip Buildcon Limited declares L1 bidder for two new HAM projects for Bangalore Chennai Expressway



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020