Intellect Design Arena said that the Reserve Bank of India (RBI) has chosen Intellect to implement the upgraded version of the Cloud Native Intellect Quantum Core Banking solution to power the next stage of their digital transformation agenda.
The next generation Intellect Quantum solution is built on cutting edge API first, cloud-native and cloud-agnostic microservices architecture supported by a rich set of packaged business components.
Intellect Design Arena's consolidated net profit jumped 25.9% to Rs 101.31 crore on a 33% surge in net sales to Rs 508.29 crore in Q3 FY22 over Q3 FY21.
Shares of Intellect Design Arena gained 0.42% to Rs 659.20 on BSE. Intellect Design Arena, a specialist in applying true digital technologies, is the a full spectrum banking and insurance technology products company, across global consumer banking, central banking, global transaction banking (iGTB), risk, treasury and markets, and insurance.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app