Artificial Intelligence Banking Finance Markets News

To Enable Banks To Create And Manage Technological Solutions That Are Ready For The Future And Support Their Market Leadership, Intellect Introduces, The Largest Open Finance Platform In The World.

A breakthrough cloud-native, future-ready open banking platform with embedded artificial intelligence called was introduced by Intellect Design Arena, a multi-product FinTech firm, and is powered by AWS. Financial institutions can construct the banks and FIs of the future thanks to’s 285 pre-built microservices, 1,214 APIs, and 200 events. The open financial platform was introduced by Intellect Chairman and Managing Director Arun Jain. The difficult technological environment of banks will be made simpler by an AI-powered platform, which will also help them move faster from a service-oriented design to a cloud-based marketplace.

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Based on the following five guiding principles, is a flexible platform that banks may utilise to optimise operations and harness the potential of AI:

  • Configurability: The very first principle on which operates will take care of configurability of the lending solution or the core banking.

  • Richness: With its rich set of features and intuitive interface it provides businesses with the tools they need to harness the power of AI and optimise their operations.

  • Scalability: This one principle includes the capability to gauge AI operations to meet the requirements of the organisation, similar to the capability to gauge up or down to accommodate changes in data, computing, and storehouse conditions.

  • Ease of Integration: With its intuitive interface and easy-to-use tools, the platform can be quickly & easily implemented within existing systems and customised to fit individual needs.

  • Composability: It allows organisations to combine different AI technologies and factors to meet their specific requirements.

Intellect has four marketplaces that could immediately be used by banks and financial institutions by leveraging the power of

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  • iKredit360: A comprehensive and composable credit technology platform that enables financial institutions to curate unique credit experiences for merchants, channels-partners, and end consumers, with agility.

  • Intellect Digital Core (IDC) Platform: A comprehensive Core Banking platform built on a Cloud-native, Composable, API first and headless architecture. IDC empowers financial organizations to offer contextual experiences to end customers throughout their journey. The platform covers Core Operations, Lending, Cards, Payments, Trade Finance, Treasury and Digital Banking.

  • Digital Transaction Banking: A composable, cloud-native, integrated transaction banking platform powered by microservices and open banking APIs that encompasses every aspect of transaction banking, covering the working capital cycle from accounts services to payments to liquidity management to collections & receivables to virtual accounts to trade finance to supply chain finance.

  • Intellect Wealth: An API-based, scalable omnichannel solution for private banks, wealth management firms, advisory firms and broker-dealers. It is a full-stack digital solution capable of managing the complete lifecycle of Wealth Management.

Arun Jain, Chairman & Managing Director, Intellect Design Arena says “With the launch of, we have visualised the future of banking to be ecosystem led. To achieve this ecosystem end state, we have identified the 6 imperatives, ABCDEF of Banking Ecosystem Design – Architecture simplicity, Base (Microservices, API, Cloud and Headless), Composable, Data, with Embedded AI and the Flexible & extensible – all of this centred firmly in the principles of Design Thinking. offers the most comprehensive set of microservices for the full spectrum needs of banks and financial institutions, and APIs, enabling businesses to transition seamlessly from the customer-centric digital transformation to the cloud-based marketplaces, keeping banks ahead of the curve”

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