Intellect Quantum Central Banking Solution chosen as Digital Transformation partner for Bank of Mauritius

5 Jul 2022 , 03:16 PM

Intellect Design Arena Ltd, a cloud-native, future-ready multi-product FinTech company for the world’s leading banks, financial services and insurance companies, has strengthened its global presence as a preferred Digital Transformation partner for Central Banks after being chosen by the Bank of Mauritius, one of Africa’s leading central banks, for the transformation of its central banking operations including the IT infrastructure.

Expressing his excitement on this project, Rajesh Saxena, CEO, Intellect Global Consumer Banking, said, “We are deeply honored to work for the Bank of Mauritius. Our Quantum Central Banking platform is a combination of innovation, technology optimization and transformational customer experience that helps clients meet the challenges of technology and emerging global dynamics, and keep pace with digital transformation.”

A comprehensive solution specially designed for central banks, monetary authorities and debt offices, Intellect Quantum comes with a scalable, future-proof modern technology framework and API first strategy. Built around the DIY principle that allows central banks to create their own products anytime, anywhere, Intellect Quantum also has an API-first micro-services architecture which will ensure easy integration with internal and external systems, driving higher efficiency.

Intellect’s Quantum Central Banking platform is designed to deliver a truly digital and contextual solution that empowers central banks, financial institutions and government entities to seamlessly work together to improve efficiency at national level with comprehensive support for financial inclusion and Treasury Single Account.

Intellect Design Arena was trading at Rs647.10 per share down by Rs14.75 or 2.23% from its previous closing of Rs661.85 per share on the BSE.