Intellect’s eMACH.ai lands first Core Banking deal in the US

By Vriti Gothi

Intellect Design Arena Ltd, an enterprise-grade financial technology company, has selected eMACH.ai Core Banking platform for a Tier 1 Canadian multinational bank.

This strategic partnership will underpin the bank’s global deposit growth strategy and marks Intellect’s inaugural deployment of its Core Banking suite in the United States.

The engagement will initially support the bank’s Corporate & Investment Banking operations in the US and is set to expand further across Europe and Asia. This landmark initiative not only cements Intellect’s growing presence in North America but also strengthens its enduring relationship with one of Canada’s largest and most trusted financial institutions.

Selected following a rigorous competitive evaluation involving leading global technology providers, Intellect’s eMACH.ai Core Banking platform stood out for its unique blend of First Principles Thinking and Design Thinking, enabling banks to navigate complex transformation with clarity and precision.

At the heart of the deployment is eMACH.ai’s composable architecture, which leverages a cloud-native, microservices-based, and API-first design to drive next-generation banking capabilities. With this implementation, the bank will be able to accelerate the launch of bespoke offerings in new markets, deliver deeply contextual, AI-driven customer experiences, and maintain operational resilience with 24/7 real-time processing. The platform’s flexible configuration tools and seamless integration capabilities are designed to reduce total cost of ownership while unlocking new levels of agility and speed to market.

Manish Maakan, CEO of Intellect Wholesale Banking, said, “This win is a defining moment for us. It represents the coming together of one of the world’s most forward-looking banks and Intellect’s most advanced core banking platform. Our entry into the U.S. core banking market reinforces the trust placed in eMACH.ai, our technology, our teams, and our ability to deliver at scale. What makes this engagement especially meaningful is the shared vision: a bold, composable approach to banking that breaks free from legacy constraints. This is not just a technology replacement exercise, but a strategic move to reimagine how the bank grows deposits, scales globally, and serves clients in the digital age. We are honoured to be their partner of choice and deeply committed to making this a global success story. This also signals a broader shift – the rising relevance of deep-tech players from the East who are bringing agility, innovation, and execution certainty to the world’s most respected banks.”

Looking ahead, Intellect remains focused on extending the transformational power of eMACH.ai to additional geographies and customer segments, reinforcing its commitment to driving the digital reinvention of banking worldwide.