Intellect Design Arena jumps 3% on announcing a global strategic partnership with Wipro

Under the terms of the partnership agreement, the company and Wipro have joined forces to bring innovative IT solutions to the global banking and financial sectors. By combining Wipro's IT services with Intellect's advanced eMACH.ai platform, they aim to enhance operational efficiency and drive digital transformation for financial institutions. This partnership focuses on using data and AI to help organisations stay competitive and agile in a rapidly changing industry.

The partnership will also include joint efforts to identify and pursue client opportunities, offering comprehensive support services such as project management and cloud services. Additionally, Intellect will provide specialised training to Wipro’s teams, ensuring they are well-equipped to implement and support these solutions effectively.

Intellect Design Arena, a global leader in applying true digital technology, is the world’s first financial tech company with a suite of products covering the entire spectrum of banking and insurance needs.

Shares of Intellect Design Arena closed nearly 1% higher on Thursday following the announcement on the NSE.