Intellect Design Arena Ltd announced on June 25 a 7-year partnership with Vancity, Canada’s largest community credit union, aimed at digital transformation through Emach.AI. The company’s stock surged over 4 percent in early trading on the NSE, settling at Rs 1,094.1 per share by 10:48 am, marking a gain of 2.64 percent.
Under the partnership, Intellect Design Arena will leverage its digital engagement platform (DEP) for retail and SME digital experiences, along with its contextual banking experience (CBX) for commercial digital services. Vancity, with over 570,000 members and $35.5 billion in assets under administration, intends to redefine its digital landscape across retail, SME, and commercial segments.
The collaboration will encompass enhancements in customer onboarding, account services, payments and transfers, cards, digital lending, and back-office operations, according to the statement.
Rajesh Saxena, CEO of Intellect Global Consumer Banking (iGCB) at Intellect Design Arena Limited, expressed enthusiasm about the partnership with Vancity, highlighting their joint commitment to delivering exceptional member experiences through innovation and digital transformation in the Canadian market.
