Intellect Global Consumer Banking, the consumer banking arm of Intellect Design Arena Limited, announced the launch of eMACH.ai, the world’s largest Open Finance based Core Banking Platform On Cloud with pre-integrated Marketplace for the UK and Europe markets.
The platform is hosted on AWS cloud and empowers financial organisations to design signature products and deliver contextual experiences for their customers throughout their life journey. The platform is the most comprehensive in the industry and covers current account, savings account, deposits, lending, cards, payments, trade finance, treasury and digital banking.
eMACH.ai is the world’s largest Open Finance Platform, to design the future of financial institutions with future-ready technology solutions. Based on the five principles of configurability, richness, scalability, ease of integration, and composability, eMACH.ai helps banks create their own ‘My Signature Solution’ by harnessing the power of artificial intelligence and optimising operations.
The future-ready Core Banking Platform is event-driven, microservices-based, API-enabled, cloudnative, and headless with underlying AI models (eMACH.ai), which enables agility, scalability, and faster time-to-market for financial institutions.