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.