Intellect Design Arena Ltd.

Intellect Design Arena has informed about submission of a copy of proposed Media Release dated November 20th, 2019 titled as ‘Philippines Business Bank selects Intellect Digital Core. IDC 19.1, to power its Digital Transformation’. Intellect announces a destiny deal win - Philippines Business Bank selects Intellect Digital Core, IDC 19.1, to power its Digital Transformation. Intellect Design Arena, a specialist in applying true Digital Technologies across Banking and Insurance, announces yet another digital transformation journey with Philippines Business Bank (PBB), who is poised to become the bank of choice in the SME market segment. The deal announced at a signing ceremony was attended by leaders from Philippines Business Bank and Intellect Design Arena Intellect Digital Core, IDC 19.1, offers PBB the levers to innovate on offering unique, differentiated lending products and solutions. The solution will empower PBB to become integral to its customers across corporate, small and medium enterprises, by being a catalyst for efficient delivery of short, medium and long-term credit facilities.

The above information is a part of company’s filings submitted to BSE.