In a significant milestone that underscores the transformative potential of
generative AI technology in the banking industry, one of India's Top Bank in market capitalisation, has joined forces with IntellectAI, the WealthTech and InsurTech arm of Intellect Design Arena.
The bank has chosen IntellectAI's eMACH.ai Custody Edge platform, marking a pivotal moment in harnessing the power of the cognitive enterprise to reshape the landscape of custodial services in India.
Commenting on the strategic partnership, Ramanan SV, CEO of India and South Asia, Intellect Design Arena, said, "Custodians worldwide are primarily focused on addressing the growing demand for service delivery spanning various markets, regions, and financial instruments. This has contributed to the growing complexity of their product portfolios and strategic investment strategies. With the implementation of Intellect eMACH.ai Custody Edge platform, we empower leading banks in India
to capitalise on their existing technology investments through robust, tool-based interfaces, thereby transforming their custodial operations. Furthermore, as a leader in custodian services in India, our unwavering commitment to delivering innovative solutions not only addresses their specific needs but also positions them for success in the era
of Cognitive Enterprise Wave. We are immensely honored to have earned the trust of one of the top banks in India, solidifying our standing as a custodial services leader in the region.”
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