Intellect Design Arena bags a large multiple-year digital transformation destiny deal from Resurs Bank; Stock surges

The bank has chosen Intellect to implement Intellect Digital Core (IDC) and iKredit360.

Sep 17, 2021 12:09 IST India Infoline News Service

Intellect Design Arena has signed a large multiple-year digital transformation destiny deal with Resurs Bank, a Nordic bank with Market leadership in Sales Finance business in Sweden, Norway, Denmark and Finland.

The bank has chosen Intellect to implement Intellect Digital Core (IDC) and iKredit360.

The contract was signed in Helsingborg, Sweden and a press release has been sent by the Resurs bank to the Swedish press.

The company will release a detailed press release of the development later today.

At around 12.18 pm, Intellect was trading at Rs666 per piece higher by 0.6% on Sensex. The stock has touched an intraday high and low of Rs706.95 per piece and Rs666 per piece respectively. 

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