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Intellect Design Arena Launches iTurmeric FinCloud Via IBM Cloud

Intellect through its newly launched iTurmeric cloud solutions along with IBM plans to target banking and financial services customers with an average deal size of USD 10-50 million

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Intelect Design Arena

Intellect Design Arena Ltd, a banking and insurance products company, introduced iTurmeric FinCloud – its future-ready, cloud-ready, API-first, microservices-based platform – available today on IBM public cloud. Additionally, Intellect Design Arena Ltd is one of the first financial services ISVs onboarding their offerings to the financial services-ready public cloud, once available, to provide its powerful industry solutions to leading financial institutions around the world, while addressing security and compliance readiness, and resiliency.

Intellect’s iTurmeric FinCloud empowers banks to prioritize their operating models and focus on innovation to offer their customers a gamut of tailored-made products. By offering iTurmeric FinCloud on IBM financial services-ready public cloud, Intellect extends its presence in advanced and emerging economies by offering financial institutions innovative cloud-based solutions to accelerate their digital transformation journey.

Commenting about the partnership, Arun Jain, Chairman and Managing Director of Intellect Design Arena Limited said, "We at Intellect are excited to collaborate with our long-standing partner IBM, to deliver innovative financial services solutions to establish viable platforms for the next era in banking through their financial services-ready public cloud."  

Commenting about the partnership with Intellect, Shanker Ramamurthy, GM Strategy & Market Development: Global Industries, Platforms & Blockchain, IBM said, “We are pleased to continue our engagement with Intellect and support its journey to bring iTurmeric to the IBM financial services-ready public cloud.

Intellect Design is part of the IBM public cloud ecosystem, a new initiative to support global system integrators and independent software vendors to help clients modernize and transform mission-critical workloads on the IBM public cloud. This initiative will support onboarding to the IBM financial services-ready public cloud, including guidance through a prescriptive implementation and evidence process to help deliver Intellect Design offerings.

With iTurmeric FinCloud, new digital banks' systems can be tested and run in isolation or in parallel with core legacy systems, which can, in turn, continue to run without interruption or compromise. 

Tags assigned to this article:
Intellect iTurmeric FinCloud IBM Cloud