Chennai-based Intellect Design Arena Ltd has secured a strategic core banking deal with a Tier-1 Canadian multinational bank to support its global deposit growth.

Chennai-based Intellect Design Arena Ltd, a financial technology company, has secured a major deal with a Tier 1 Canadian multinational bank to power its global deposit growth strategy. This engagement marks Intellect’s first deployment of its eMACH.ai Core Banking platform in the US, says a stock exchange release. The deal size was not disclosed.

With eMACH.ai Core Banking, Intellect will empower the bank to accelerate its global expansion strategy, deliver contextual customer experiences, and achieve transformational outcomes with speed and agility. The deal encompasses the bank’s Corporate and Investment Banking business and will subsequently be extended to Europe and Asia. This milestone not only reinforces Intellect’s position in the North American market but also deepens its longstanding partnership with one of Canada’s largest financial institutions.

Published on July 24, 2025