back Back

Canada’s Vancity chooses Intellect for eMACH.ai composed digital transformation

By Gloria Mathias

June 26, 2024

  • canada Fintech
  • Cash Management
  • Co-operative bank
Share

Intellect Design Arena, Indian Bank, Transaction bank, Corporate banking, Cash Management, eMach.ai, Fintech News, India News, India Fintech, Fintrech News, India Digital, Co-operative bank, iCPX (Corporate Procurement eXchange), iAPX (Accounts Payable eXchange), Canada Fintech, vancity, Vancity, Credit Union, USAIntellect Design Arena Ltd., a cloud-native, future-ready, multi-product FinTech company, has announced a partnership with Vancity, a Canadian community credit union.

This seven-year deal will see Vancity harness Intellect’s Digital Engagement Platform (DEP) for retail and SME digital experiences alongside the Contextual Banking Experience (CBX) for commercial digital experiences.

Through this collaboration, Vancity is set to redefine the digital landscape for its Retail, SME and Commercial members. The transformation will span engagement across Onboarding, Account Services (Current and savings Accounts), Payments and transfers, Cards, Digital Lending and the Back Office. The deployment of DEP and CBX will be facilitated on a fully managed cloud platform, highlighting a strategic move towards scalable and secure digital member experiences.

Composed with eMACH.ai, DEP & CBX will enable Vancity to:

  • Offer comprehensive banking & lifestyle services, including retail onboarding in minutes and SME onboarding in a day, personal financial management and social banking.
  • Utilise a comprehensive set of user journeys or curate new ones from scratch in a codeless manner to meet the evolving needs of retail and SME members.
  • Provide complete visibility of member portfolios through intelligent dashboards and insights.

Rajesh Saxena, CEO of Intellect Global Consumer Banking (iGCB), Intellect Design Arena, said, “We are thrilled to join hands with Vancity, a respected leader in the credit union space. This collaboration is a testament to our shared vision of delivering exceptional member experiences through innovation and digital transformation and our commitment to the Canadian market. Our DEP and CBX platforms are designed to cater to the dynamic needs of modern financial institutions, and we’re excited to see how this partnership will enable Vanity’s offerings.”

“At Vancity, we have been searching for the right partner to help us revolutionise our digital platforms and enable us to deliver our impact-focused, values-driven products and services to our members through a modern, intuitive and seamless digital experience,” said Wendy Murphy, Chief Technology Officer, Vancity. “We feel we’ve found the right partner in Intellect Design Arena, a technology partner that understands our needs and will enable us to deliver on our commitment to meet and exceed our member expectations.”

Previous Article

June 26, 2024

Razorpay brings MoneySaver Export Account to simplify global payments to Freelancers

Read More
Next Article

June 26, 2024

Frost Bank taps Finzly to deliver FedNow and RTP Instant Payments

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

canada Fintech

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 B2B SaaS platforms transforming business operations in the UK

Read More

Today

IDfy rolls out ‘Privy’ a privacy and compliance suite for companies in India

Read More

Today

NAB, Plenti and Banked switch on Pay by Bank to facilitate loan payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024