Intellect and HCLTech Form Strategic Alliance to Transform Banking with eMACH.ai and Purple Fabric

Intellect Design Arena Ltd (BSE: 538835, NSE: INTELLECT), a leader in financial technology, has announced a global strategic partnership with HCLTech (BSE: 532281, NSE: HCLTECH), a prominent global technology company.

This collaboration aims to deliver technology-rich solutions to financial institutions worldwide. By combining HCLTech’s extensive expertise in financial services and engineering with Intellect’s advanced eMACH.ai platform, the partnership seeks to drive digital transformation in the banking sector. The focus is on leveraging data and AI to help organizations stay competitive and seize new opportunities for growth.

The alliance utilizes Intellect’s eMACH.ai, designed using First Principles Thinking as a comprehensive open finance platform, alongside Purple Fabric, the first Enterprise-Grade Connected Intelligence AI platform for banking and insurance. Together, these platforms aim to revolutionize banking technology services by enhancing operational efficiency, facilitating digital transformation, and ensuring regulatory compliance.

eMACH.ai simplifies technology for banking and insurance with 329 microservices, 535 events, and over 1,757 APIs, enabling financial institutions to create solutions that are ready for the future and providing a competitive advantage.

Purple Fabric accelerates enterprise AI adoption for financial institutions, advancing from basic automation to Enterprise-Connected Intelligence. With its modular design and advanced AI capabilities, it helps organizations navigate the financial landscape confidently while promoting Ethical AI practices.

**Partnership Highlights:**

– **Integrated AI Solutions:** The alliance leverages eMACH.ai and Purple Fabric to create agile, customer-focused, and efficient banking environments powered by AI and data.
– **Comprehensive Client Solutions:** The collaboration offers a unified approach to managing and deploying LLM-powered agents, optimizing interactions through secure data.
– **Joint Market Pursuits:** HCLTech and Intellect will pursue new client opportunities, providing tailored project management and cloud services to enhance customer satisfaction.
– **Specialized Training and Support:** Intellect will provide HCLTech teams with the skills necessary to effectively implement and support joint solutions for seamless integration and maximum performance.

**Leadership Commentary:**

Srinivasan Seshadri, Chief Growth Officer at HCLTech, noted, “Our focus is on enabling financial institutions to scale responsible AI, bridging the gap between vision and execution. Our partnership with Intellect Design Arena allows us to offer transformative solutions that meet the evolving needs of our clients.”

Kannan Ramasamy, Chief Partner Officer at Intellect Design Arena, expressed enthusiasm for the alliance, stating, “Partnering with HCLTech allows us to leverage the innovative capabilities of eMACH.ai to drive advancements in financial services. Together with Purple Fabric, we aim to redefine operational efficiency and enhance customer satisfaction in a rapidly changing global market.”