Saturday Dec 21, 2024
Saturday Dec 21, 2024
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From left: Intellect Design Arena Chief Marketing Officer Debal Dutt and Intellect Design Arena CEO – India and South Asia Ramanan S.V
Intellect Design Arena Ltd., the world’s only enterprise grade financial technology leader in composable and intelligent solutions for progressive global financial institutions, has launched eMACH.ai tailored specifically for the Sri Lankan financial landscape.
With an impressive array of 329 microservices, 535 events and over 1757 APIs, this First Principles Thinking-based platform enables financial institutions in the Island Nation to build future-ready solutions, providing them with a global competitive edge. The platform keeps a bank’s customer in focus, be it Retail, HNI, SME, or Corporate, and the events in their financial journey, besides taking care of events created by banking operations or generated by regulatory and compliance mandates.
Sri Lanka is at a pivotal point in its digital transformation journey. The launch of eMACH.ai in Sri Lanka comes at a time when fintech innovation is rapidly reshaping the financial services landscape globally. Key trends such as the rise of digital payments, AI-driven banking solutions, open banking frameworks, and cloud-based infrastructure are redefining how financial institutions operate across the world. Sri Lanka, too, is witnessing this shift, with a growing focus on digital transformation to improve financial inclusion, streamline operations, and create customer-centric experiences. By investing in cutting-edge technologies, enhancing digital infrastructure, and fostering a conducive regulatory framework, Sri Lankan banks can improve financial inclusion and operational efficiency and attract foreign investments.
eMACH.ai simplifies technology for Sri Lankan banks, empowering them to create solutions that are not just optimised but transformative. Its composable architecture aligns with the financial sector’s future needs, ensuring that banks can meet evolving customer expectations while remaining resilient in the face of rapid technological change. It enables them to develop strategies centred around customer needs, focusing on creating substantial business impacts rather than optimising technology.
Intellect already works with several prominent financial institutions in Sri Lanka, including HDFC Sri Lanka, Regional Development Bank (RDB), Cargills Bank, Commercial Development Bank (CDB), Central Finance, Seylan Bank, and Union Bank of Colombo. These institutions have been at the forefront of adopting digital transformation strategies to enhance their operational efficiency and customer experiences. With the introduction of eMACH.ai, Intellect is poised to strengthen its partnership with several other leading financial institutions in Sri Lanka, helping them deliver innovative financial services to a broader customer base.
With eMACH.ai, the banks and financial institutions in Sri Lanka can now have a global edge. The platform will,
Intellect Design Arena Ltd. CEO – India and South Asia Ramanan S.V said: “With eMACH.ai, we are not just introducing a platform; we are unlocking the future of banking in Sri Lanka. We aim to empower financial institutions to lead with intelligence, agility, and innovation. Built on First Principles Thinking, eMACH.ai is engineered to transform the entire financial ecosystem – driving transparency, accelerating digital adoption, and fostering resilience. This platform is not only a game-changer for banks, but also a catalyst for Sri Lanka’s journey towards becoming a financial powerhouse in the global arena.”
