Intellect Design Arena Ltd.

Intellect Design Arena's consumer banking arm -- Intellect Global Consumer Banking (iGCB) has bagged order from Mineral Development Bank to transform its banking solutions. The company will implement iGCB’s Intellect Digital Core for the bank.

Intellect Digital Core has been recognized as number 1 in Retail banking as per IBS Intelligence in 2022. Mineral Development Bank, which is on a fast growth trajectory, will be able to: Elevate customer experience through relationship-based pricing, better product cross-sell and upsell recommendations; Launch new products in days rather than months, by leveraging the product configurator; and Real-time processing of International and domestic payments with high volume capability.

A new entrant in Myanmar, the bank aims to open 15 branches this year. The digital transformation will provide the bank with a platform to innovate faster than its competitors. iGCB has partnered with ACE, to implement the platform.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.