Intellect Design: Bank of Mongolia deploys Quantum Solution

Chennai-based, Intellect Design Arena informed the exchanges that the company will implement Quantum Central Banking Solution for the Bank of Mongolia, the Central Bank of Mongolia, on Monday.

The solution is expected to give acceleration to the Bank of Mongolia’s digital transformation initiative under the Payment System Modernization project funded by the Asian Development Bank (ADB). Intellect’s Central Banking Solution is the world’s most comprehensive and robust solution which comprises integrated functional modules such as Enterprise General Ledger, Banking Services, Government Services, Monetary Policies, credits and collateral management, currency life cycle management, Trade Finance, Banking Services Portal, Bullion Management, Treasury, Reserve Management, Budget Management, and Procurement Management.

Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).

The stock on Monday touched its intraday high of Rs. 268 per share and closed at Rs. 265.50, higher by 0.06 per cent on BSE. The benchmark index BSE Sensex closed at 39122.96, down by 71 points.