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We are delighted to announce that Indian Bank has chosen Intellect’s eMACH.ai powered Cash Management System to bolster their Corporate Banking Modernisation. Indian Bank, one of the leading government-owned banks in India and serving over 100 million customers with 41,000+ employees, has always been a forerunner in offering digital products. This strategic partnership is a pivotal moment, rendering the capabilities of a cognitive enterprise for revolutionising transaction banking. Intellect Cash Management is poised to cater to all cash management requirements for all segments and sectors of customers to optimise their cash flow and facilitate effective management of corporate business operations. Click here to read more on the partnership: https://lnkd.in/dwrhwh6F Arun Jain | Ramanan S V | Manish Maakan | Debal Dutt | Vasudha Subramaniam | Vamshidhar Yadagiri | Nachu Nagappan | Ramaswamy M V #intellect #eMACHai #cashmanagementsystem #indianbank #digitalproducts

Intellect Design Arena Ltd Appoints Rajesh Mehta to Intellect’s Growth Advisory Board Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “We are delighted to welcome Rajesh Mehta to our Growth Advisory Board. Rajesh’s extensive experience and strategic acumen align perfectly with our growth objectives. As we continue to navigate a rapidly evolving commercial and corporate banking landscape, his insights will be instrumental in driving innovation at Intellect and shaping the future of eMACH.ai powered transaction banking technology.” https://lnkd.in/eBTZC_-6 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Recent research highlights commercial banking as particularly vulnerable to disruption from generative artificial intelligence (GenAI). Despite the transformative potential GenAI offers, the #Banking sector, known for its cautious pace, especially in corporate and commercial banking, lags behind its more nimble retail counterparts. The regulated nature of these sectors compounds the challenge, requiring careful navigation of #Compliance frameworks. More insights: https://lnkd.in/eeHtB7WF via International Banker  #FinancialServices #Finance

52% of CEO's believe profitability will grow through cost transformation. 65% say GenAI is an integral part of the institutions long-term strategy and vision. "The path to growth for banking institutions is accelerating their enterprise transformation to be the bank of the future. Modern technology platforms are the foundation, allowing banks to leverage the latest technologies to enhance operational efficiency, customer retention and attraction, and resilience through the next wave of challenges". Accelerating is the KEY. https://lnkd.in/gPxbBHH7

GenAI finance: Banking on GenAI: The artificially intelligent future of finance - The principle sounds simple if you know your customers well, you can make suggestions that best suit them. This wisdom, which has always applied in the analogue world, is becoming increasingly important in the digital world.

Our CEO Jeremy Takle speaks to Ouida Taaffe of The London Institute of Banking & Finance for FinTech Futures about the new leadership skills and organisational processes necessary to truly deliver digital transformation in banking. #fintech #agile #leadership #banking #financialfuture #financialwellbeing #becauseitstime #finance #openbanking #ai #financialplanning #savingsgoals #investing #digitaltransformation

The report highlights the transformative phase within the industry and notes that banking institutions are losing some ground to non-traditional institutions. -with McKinsey & Company https://lnkd.in/gdf4ZVD5 #fintech #AI #banking #digitalbanking #finance

In the contemporary banking landscape, customers’ expectations have evolved, and they now demand digital front-end layers from the banks they engage with. Intellect Digital Core for Cooperative Banks enables them to embrace digital transformation and incorporate modern technologies to meet evolving customer demands and stay competitive. The enterprise-grade banking technology solution meets customers’ evolving needs in tier-2 and tier-3 cities. Read more: https://lnkd.in/dQYb2ibY #Intellect #eMACHai #IntellectDigitalCore #CooperativeBanks #DigitalTransformation #CoreBanking #LoanManagement #DigitalEngagement #TradeFinance #ARX #DomesticTreasury

Cooperative banks play a crucial role in the Indian financial system. Over the years, they have encountered several obstacles: limited access to modern financial services, competition and regulatory constraints. However, advanced technology can help them compete in the rapidly evolving digital banking landscape. To redefine banks’ operations with a competitive edge to grow exponentially, Intellect launched eMACH.ai composed Intellect Digital Core for Cooperative Banks. This suite enables them to embrace digital transformation and incorporate modern technologies to meet evolving customer demands and stay competitive. Read more: https://lnkd.in/g2PfNGiC #Intellect #eMACHai #IntellectDigitalCore #CooperativeBanks #DigitalTransformation #CoreBanking #LoanManagement #DigitalEngagement #TradeFinance #ARX #DomesticTreasury