# Intellect signs multi-year deal with one of the “Big Four” in Australia to provide a digital solution for business and retail banking Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-05-25 Category: BANKING Category URL: https://financedigest.com/category/banking Meta Title: Intellect to Provide Digital Solution for Australian Meta Description: Intellect Design Arena Ltd signed 10 year deal with Australia's Big Four to implement trade finance, treasury and retail remittance solution for corporate URL: https://financedigest.com/intellect-signs-multi-year-deal-with-one-of-the-big-four-in-australia-to-provide-a-digital-solution-for-business-and-retail-bankinghtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/0o1a8613-2564-1736843826722-compressed.jpg) _Intellect will provide the Bank with digital solution for its Treasury, Trade Finance and Retail remittance services for a portion of its offshore business, along with 10 years of dedicated maintenance and technical support_ **Intellect Design Arena** Limited, a digital technology product provider across Banking, Financial Services and Insurance, has signed a 10 year deal with one of Australia’s “Big Four”, to implement its integrated trade finance, treasury and retail remittance solution for the Bank’s corporate and retail customers in one of its offshore regions. The solution encompasses a modular, SOA enabled, web-based and platform independent architecture that will replace a legacy system which is more than two decades old. This will streamline the Bank’s back-office processes to facilitate straight-through processing across all the business divisions. The solution is expected to be able to provide 360 degrees of visibility around workflow for the Bank’s separate teams in trade finance, retail remittance and treasury, where operations often intersect. Crucially, the [Bank will be able to pass these efficiencies onto its customers](https://www.financedigest.com/insight-into-tomorrows-retail-banking-customers.html "INSIGHT INTO TOMORROW’S RETAIL BANKING CUSTOMERS"). The Bank has also entrusted Intellect with the solution’s maintenance and technical support – beginning a 10-year relationship between the two firms. **Anil Verma, Executive Director of Intellect**, says: _“This landmark deal with one of Australia’s leading banks to implement our digital solution covering a large functional arena of Trade Finance, Treasury and Retail Remittance is a testament to our architectural ability and product design. We look forward to a long and successful partnership.”_ **About Intellect Design Arena Limited:** Intellect Design Arena  Ltd,  a  digital [technology product solutions provider to the Banking](https://www.financedigest.com/transforming-the-retail-banking-ecosystem-its-all-about-technological-innovation.html "TRANSFORMING THE RETAIL BANKING ECOSYSTEM: IT’S ALL ABOUT TECHNOLOGICAL INNOVATION") and Insurance industry, across Global Consumer Banking (iGCB), Central Banking,  Global  Transaction  Banking  (iGTB),  Risk, Treasury & Markets (iRTM)  and  Insurance (Intellect SEEC). Intellect has created [digital products & solutions for Banking and Insurance](https://www.financedigest.com/insurers-beware-fraudsters-love-digital.html "INSURERS BEWARE: FRAUDSTERS LOVE DIGITAL!"). FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation.  With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit http://www.intellectdesign.com/ **DISCLAIMER:** ‘Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India and the National Stock Exchange of India Limited and the BSE Limited (Stock Exchanges). The DLOF is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Manager at [www.sparkcapital.in](http://www.sparkcapital.in)  Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.’ **For Media related information, please contact:** **Australia** Sharad Thakore Intellect Design Arena Pty Limited +61 403 645 561 [sharad.thakore@intellectdesign.com](mailto:sharad.thakore@intellectdesign.com) **For Media related information, please contact:** **Rest of World** Nachu Nagappan Intellect Design Arena Ltd Mob: +91 89396 19676 Email: [nachu.nagappan@intellectdesign.com](mailto:nachu.nagappan@intellectdesign.com) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---