Intellect Design Arena Limited’s transaction banking division, Intellect Global Transaction Banking (iGTB), has introduced a pioneering platform known as eMACH.ai Cloud for Wholesale Banking. This platform aims to reshape the wholesale banking sector with an innovative suite of integrated services. The announcement, made on October 10, 2024, in Dubai, represents a critical advancement in financial […]
Ceto, a prominent player in providing data-driven insights for financial institutions, has made headlines with its acquisition of VPCtech. This strategic move is poised to enhance Ceto’s capabilities in banking technology and expand its service offerings, marking a significant development in the financial technology sector. Strategic Acquisition to Expand Financial Technology Services The acquisition of […]
CGI (TSX: GIB.A) (NYSE: GIB) has officially announced the acquisition of Celero’s credit union business, significantly enhancing its digital and core banking service offerings within the Canadian market. This strategic move involves acquiring master services agreements that span managed services, core banking, digital banking, and related IT services, catering to more than 90 credit unions […]
Intellect Global Consumer Banking (iGCB), a pivotal division of Intellect Design Arena Limited, unveiled its groundbreaking eMACH.ai Digital Engagement Platform (DEP) at the prestigious Money20/20 event in Amsterdam. This launch is set to transform the customer engagement landscape across various banking sectors, including retail, SMEs, and corporates through its state-of-the-art, codeless, unified, and cloud-native platform. […]
City Union Bank Limited, a prominent private sector bank in India, has released its financial results for the fourth quarter and the entire fiscal year 2023-24, showing consistent growth in several key areas despite some challenges. The results were approved by the bank’s Board of Directors earlier today and include detailed metrics such as Net […]
In a significant move towards digital transformation within the banking sector, Central Bank, a prominent Midwest regional bank, has announced a strategic partnership with Tata Consultancy Services (TCS) to modernize its core technology infrastructure. This collaboration aims to drive innovation, streamline customer onboarding processes, and support Central Bank’s continued growth. By integrating TCS BaNCS, Central […]