News

Intellect Design Arena has allotted 1,64,940 equity shared under ESOP on 19 June 2026. Consequently, the paid up equity share capital has increased to Rs 70,08,78,390 divided into 14,01,75,678 equity shares of face value of Rs 5/- each.

Intellect Design Arena has appointed Deepak Dastrala as the Chief Executive Officer (CEO) - Purple Fabric and will be designated as Senior Management Personnel with effect from 07 June 2026.

Intellect Design Arena has allotted 1,16,219 equity shares under ESOP on 21 May 2026. Consequently, the issued share capital and subscribed share capital of the Company stands increased to Rs 70,00,53,690 divided into 14,00,10,738 Equity shares of face value of Rs 5/- each.

Intellect Design Arena announced that it is partnering with VantageOne Credit Union to modernize their lending operations by leveraging eMACH.ai Lending and PF Credit. The adoption of eMACH.ai Lending loan origination capability by VantageOne will mark a shift from manual workflows to an automated credit evaluation and recommendation engine. This significant change will accelerate the borrowing process for members seeking both personal and business loans. Furthermore, the integrated PF Credit deploys AI-based digital experts to multiply capacity and boost capability across the loan origination journey. It maximizes operational efficiency through automated document extraction from unstructured application data and supports underwriters with First Time Right (FTR) pre-underwriter checks. PF Credit accelerates credit decisioning and lowers NPA risk by leveraging AI-driven risk assessments, contextual data analysis, and deviation management. PF Credit is built on Purple Fabric�an enterprise-grade Open Business Impact AI platform that delivers secure, decision-grade intelligence by leveraging Enterprise Knowledge Garden, Enterprise Digital Experts, LLM Optimisation Hub and Enterprise Governance. By digitizing backend operations, staff can redirect their focus from administrative tasks to cultivating stronger member relationships. This announcement follows Intellect`s March 2026 announcement of a partnership with the Canada-based Bulkley Valley Credit Union, providing them with eMACH.ai Lending and PF Credit.Rajesh Saxena, CEO, Intellect Consumer Banking, added: We are proud to welcome VantageOne Credit Union into our growing community of Canadian credit unions. By adopting eMACH.ai Lending and PF Credit, our suite of AI-based digital experts, this institution is using AI to remove the friction of manual paperwork and bring efficiencies to their processes, allowing their team to do what they do best: supporting members with a personal touch. Credit unions play a vital role in Canada`s personal and business landscape, and we are committed to providing them the digital agility to serve their communities both today and well into the future.

Intellect Design Arena announced that 37 Canadian financial institutions, which are participants of the National Digital Banking Working Group (NDBWG), have selected Intellect to deliver a world-class digital banking experience to over 262,000 credit union and financial institution members across 5 provinces. This landmark partnership unites institutions managing over $11.7 billion CAD in assets under a single, future-ready digital architecture, marking one of the most significant collaborative digital transformation initiatives within Canada`s financial ecosystem. The NDBWG selected Intellect as a partner to provide its eMACH.ai Digital Engagement Platform (DEP) and associated services to its participating financial institutions, following an exclusive negotiation period announced in August 2025. Among the 59 financial institutions that participated in the vendor selection process that identified Intellect`s eMACH.ai DEP as the preferred platform, 37 have now formally signed on, with additional institutions still progressing through the process. Rajesh Saxena, CEO, Intellect Consumer Banking, said, �We are proud to support our growing collective of 37+ Canadian financial institutions as they redefine the future of community banking. By leveraging Intellect`s eMACH.ai Digital Engagement Platform, these institutions are joining a broader movement toward high-velocity innovation, ensuring the Canadian cooperative system continues to deliver the resilient, member-first digital experiences that define their success in the market.�