Intellect Design Arena launches Global Deposit Manager

Fintech company Intellect Design Arena surged by nearly 4 per cent on the bourses in Friday’s trade as the company announced that it has launched ‘Global Deposit Manager’ in time for the US banks to capitalize on repatriated cash.

Global Deposit Manager that boasts powerful analytics, monitoring and reporting capabilities for both banks and their clients, will enable banks to fashion new, tailored and regulation-compliant deposit products that can be quickly brought to the markets.

Following the announcement, the share price of Intellect Design Arena surged to its intraday high of Rs. 187.95 per share and touched an intraday low of Rs. 181.55 per share on Friday. The stock had touched its 52-week high of Rs. 204.65 per share on February 14, 2018 and its 52-week low of Rs. 96.50 per share on August 11, 2017 on BSE, respectively.

The stock ended at Rs. 187.25 per share, up by 3.65 per cent on BSE on Friday. Meanwhile, S&P BSE Sensex closed at 34,415.58 level, lower by 0.03 per cent and NSE Nifty50 ended at 10,564.05 level, lower by 0.01 per cent.