Intellect Design wins deal from Emirates NBD

Intellect Design Arena Limited (IDAL) bagged a substantial multi-million destiny deal from Emirates NBD. 

Emirates NBD is a leading bank in the Middle East. The bank has assigned IDAL the task of altering its Transaction Banking Business by means of end-to-end digital transformation. The purpose of the project is to strengthen Emirates NBD Transaction Banking's market leadership. It will cover the bank’s operations across trade corridors in the UAE, Saudi Arabia, Egypt, India, Singapore, and the United Kingdom. 

Furthermore, it will provide clients with the ability to view, monitor and control their working capital needs across cash management with enhanced visibility and data analytics, trade and FX; thereby, enabling easy, informed and on-the-go decision making with one-click efficiency in addition to fully-integrated back-end product processors across all lines of business. 

The project incorporates iGTB's (Intellect Global Transaction Banking) digital transaction banking platform driven by the integrated front-end, omnichannel CBX portal to deliver a smooth user experience to Emirates NBO's corporate clients. 

On Tuesday, the shares of IDAL opened at Rs. 171.15 and hit a high and low of Rs. 181.70 and Rs. 166.90, respectively. At 12:35 pm, the stock was trading at Rs. 176.35, down by 3.49 per cent.