Coforge, Intellect partner to accelerate digital transformation in banking

Intellect Design Arena, a provider of enterprise financial technology, has formed a strategic partnership with Coforge, a global digital solutions company. The collaboration aims to support financial institutions in modernising their systems, digitising operations, and delivering innovative services using advanced technology. 

Under this partnership, Coforge will leverage Intellect’s platforms, including eMACH.ai, an open finance platform, and iTurmeric, a low-code integration suite. These tools are designed to help banks and financial institutions upgrade their systems with minimal disruption, launch new products, and enhance customer experiences by using data and generative artificial intelligence (AI). 

Coforge will utilise iTurmeric’s library of over 300 microservices and 500 events to accelerate the development of business solutions and platforms. Together, the companies aim to serve markets in the Asia-Pacific, North America, Europe, the UK, and other regions. Their goal is to help financial institutions adapt to evolving industry demands in areas such as banking, cash management, lending, payments, and wealth management. 

The partnership will focus on creating operational models that are agile, efficient, and customer-focused. By combining Coforge’s experience in delivering complex technology solutions with Intellect’s advanced platforms, the alliance seeks to drive digital transformation in financial services globally. 

The collaboration will also focus on integrating data and generative AI to create personalised and differentiated customer experiences, supporting financial institutions in achieving their digital transformation goals. 

Gautam Samanta, President and Head of BFS at Coforge, stated, "With the increasing adoption of Generative AI, our joint services offerings will assist BFS clients in providing personalised experiences to their customers that will set benchmarks in the industry.”