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Intellect Design Arena launches AI-led centre in GIFT City

By Delisha Fernandes

January 19, 2024

  • AFC Commercial Bank
  • APAC
  • Banking technology

Intellect Design Arena, Indian Bank, Transaction bank, Corporate banking, Cash Management,, Fintech News, India News, India Fintech,Intellect Design Arena Ltd, a FinTech company, has announced the opening of its AI-led innovation centre in GIFT City, an epicentre of Global Finance and IT in India.

Intellect’s Gift City Centre will be the birthplace of next-gen decision-grade AI technology powered with architecture for Global Financial Firms and is poised to catalyse the next wave of innovation in the financial technology world.

With an expansive 8000 sq. ft. area, the facility will host over 120 highly skilled Fintech Engineers, driving innovation in the heart of GIFT CITY. The Fintech Engineers will focus on developing and implementing Intellect’s cutting-edge suite of technologies, positioning GIFT City as a hub for the evolution of decision-grade AI technology.

The centre will connect fintech research engineers with 8 global hub cities of New York, London, Frankfurt, Toronto, Singapore, Melbourne, Chennai, and Mumbai. This interconnected network will amplify the impact of Intellect’s suite of technologies.

Honouring the vision of the Honorable Prime Minister Shri Narendra Modi, who envisions GIFT City as a “World Class Finance and IT Zone for India to provide services not only to India but to the entire World,” Intellect’s investment in GIFT City aligns seamlessly with the mission to create a global financial and technology hub and provide an ideal environment for Intellect’s innovative endeavours.

Arun Jain, Chairman and Managing Director of Intellect Design Arena Limited, said, “Intellect is proud to be part of this unprecedented ecosystem for crucial economic activities with its state-of-the-art financial and technology solutions and is in sync with the vision of the Government to create a world-class finance and IT Zone for India. It will provide services at a global scale way beyond the boundaries of India to the entire world. Intellect’s facility will benefit not only banks and Insurance institutions, but its AI-led technologies will also cater to Global Business Service centres, International Exchanges, Global Brokerage firms, Private Equity firms, Capital Markets and many other parts of the global financial ecosystem.”

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