Intellect announces strategic partnership with Resurs Bank

The contract was signed in Helsingborg, Sweden on 16th September 2021.

Sep 17, 2021 05:09 IST India Infoline News Service

Intellect Design Arena
Intellect Design Arena Ltd has entered a strategic partnership with Resurs Bank, the leader in retail finance in the Nordic region, with market leadership in Sales Finance business in Sweden, Norway, Denmark and Finland.

By investing in a new, entirely cloud-based platform, Resurs will be able to meet the growing demand from customers and partners for user-friendly and scalable solutions and services in an entirely new way, Intellect Design Arena said.

The contract was signed in Helsingborg, Sweden on 16th September 2021.

Intelligent technology and an API-driven cloud-based system will create the preconditions for customers and partners to be able to access personally adapted self-service applications in real time, providing Resurs with the opportunity to further optimise its processes and create even more efficient and scalable operations.

In the regulatory filing, “Resurs Bank is investing in a new, entirely cloud-based banking platform that creates the prerequisites to provide customers and partners with state-of-the-art services, interfaces and products. Intellect will be implementing its microservices-based, API-first and cloud-ready digital banking solution Intellect Digital Core (IDC) and iKredit360, which is a composable, cloud-native technology platform that has been exclusively designed for European financial institutions.”

Commenting on the strategic partnership, Rajesh Saxena, Chief Executive Officer, Retail Banking, Intellect Design Arena said, “Intellect is deeply honoured with this strategic partnership with Resurs Bank. The bank’s decision to undertake this transformation program for its new banking platform is a reflection of the bank’s abiding commitment to deepening customer satisfaction, while modernising for the future. This is a highly disruptive and strategically important deal, demonstrating the acceleration in thinking among global banks as they move to their digital future and this also reinforces Intellect’s position as the partner of choice for the world’s largest banks.”

The development work of integrating the cloud-based banking platform is set to begin now and is planned to be completed in the next three to four years, the company said.

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