back Back

Intellect unveils ‘First Principles’ technology suite, eMACH.ai, for bankers in the Middle East and Africa

By Delisha Fernandes

February 23, 2024

  • AFC Commercial Bank
  • Core Banking offering
  • Digital Lending
Share

Intellect Design Arena, Indian Bank, Transaction bank, Corporate banking, Cash Management, eMach.ai, Fintech News, India News, India Fintech,Intellect Design Arena Ltd, a Financial Technology company, has launched its ‘First Principles’ Technology suite, eMACH.ai, for Technology-suave Bankers in the Middle East and Africa.

This suite of First Principles Technology keeps a bank’s customer in focus, be it Retail, HNI, SME, or Corporate, the events in their financial journey, or events created by bank operations or events generated by regulators and compliance. Financial institutions orchestrate their offerings based on these events to ensure customer satisfaction and regulatory compliance.

Arun Jain, CMD and Chief Architect of Intellect Design Arena Limited, said, “Intellect’s eMACH.ai Technology leveraged the smartness of the Cloud to design Banker’s own composable Business Impact solutions based on Event-driven architecture, ready to use deeply rich functional Microservices and  scores of API on Cloud Headless. Combining these 4 principles creates a magical name for our Technology –  eMACH – Events, Microservices, APIs, Cloud and Headless. iFabric.ai suite  DIMS – Document Intelligence Management system brings Contextuality to drive faster and accurate decision making.”

With eMACH.ai, the banks and financial institutions in the Middle East and Africa will now have a global edge. The suite will,

  • Empower banks with 329 Microservices, 1757 APIs and 535 Events, enabling them to design future-ready technology solutions
  • Act as a Catalyst for Digital and Cognitive Enterprise transformation by signifying the shift with Intellect’s leadership guiding banks to stay ahead
  • Foster financial innovation and redefine the future of financial technology in the Middle East and Africa region, giving the region its global edge
  • Help financial institutions to progressively transform technology, leveraging marketplaces like IDC, iKredit360, Digital Transaction Banking, Digital Wealth Management and Insurance from BankTech Wave 3 to Wave 5

To provide complete services from approval to credit decisioning to risk compliance to regulatory reporting, corporate banking ecosystems like liquidity, payments, cash management, virtual accounts, SME lending, Corporate DDA and trade & supply chain finance, these Microservices must collaborate with other services. According to the tech fraternity, the agreed protocol of defined agreement with other services is called API – Application Programming Interface.

These Events, Microservices and APIs deployed on a native Cloud environment, deliver a seamless experience, either through the feature-built UI/UX or Headless, where financial institutions can create their UI/UX based on their unique requirements. With embedded AI for operational efficiency and smart decisioning, eMACH.ai is the most comprehensive ‘First Principles’ Technology addressing the current and future needs of any Financial institution.

Previous Article

February 23, 2024

Crédit Agricole du Maroc tap Entrust to boost digital payment offerings

Read More
Next Article

February 26, 2024

Helicap & Bank Danamon team to fuel FinTech and Alternative Lending across SEA

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

AFC Commercial Bank

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

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

Leeds Building Society taps Mambu for core banking modernization

Read More

Today

Tuum expands Middle East footprint, opens new regional HQ at ADGM

Read More

Today

Kina Bank & SNS Tech team to boost payment outcomes for SMEs

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
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 2023