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Intellect launches the eMACH.ai platform in Sri Lanka

By Gloria Mathias

September 13, 2024

  • Artificial Intelligence
  • Business Management
  • eMACH.ai
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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, USA, IBS Intelligence, SLT, Sales League Table Awards, Purple Fabric, Financial Institutions, Fintech India, Artificial Intelligence, Business Management, Fintech Solutions, Sri Lanka, FinTech India, Fintech APAC, global Expansion, Intellect Design Arena, an enterprise-grade FinTech company, has announced the launch of eMACH.ai, a product tailored to the Sri Lankan financial landscape.

With an array of 329 microservices, 535 events, and over 1757 APIs, this First Principles Thinking-based platform enables FIs in the Island Nation to build solutions, providing them with a global competitive edge. The platform keeps a bank’s customer in focus, be it retail, HNI, SME, or corporate, and the events in their financial journey, besides taking care of events created by banking operations or generated by regulatory and compliance mandates.

The launch of eMACH.ai in Sri Lanka comes at a time when FinTech innovation is rapidly reshaping the financial services landscape globally. Key trends such as the rise of digital payments, AI-driven banking solutions, open banking frameworks, and cloud-based infrastructure are redefining how financial institutions operate across the world.

By investing in technologies, enhancing digital infrastructure, and fostering a conducive regulatory framework, Sri Lankan banks can improve financial inclusion and operational efficiency and attract foreign investments.

eMACH.ai simplifies technology for Sri Lankan banks, empowering them to create solutions that are not just optimised but transformative. Its composable architecture aligns with the financial sector’s future needs, ensuring that banks can meet evolving customer expectations while remaining resilient in the face of rapid technological change. It enables them to develop strategies centred around customer needs, focusing on creating substantial business impacts rather than optimising technology.

With the introduction of eMACH.ai, Intellect strengthens its partnership with several other financial institutions in Sri Lanka, helping them deliver financial services to a broader customer base.

Ramanan SV, CEO-India & South Asia of Intellect Design Arena Ltd, stated, “With eMACH.ai, we are not just introducing a platform; we are unlocking the future of banking in Sri Lanka. We aim to empower financial institutions to lead with intelligence, agility, and innovation. Built on First Principles Thinking, eMACH.ai is engineered to transform the entire financial ecosystem, driving transparency, accelerating digital adoption, and fostering resilience. This platform is not only a game-changer for banks but also a catalyst for Sri Lanka’s journey towards becoming a financial powerhouse in the global arena.”

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