Chennai (India), March 04, 2022: Intellect Design Arena Ltd, a cloud-native, future-ready multi-product FinTech company for the world’s leading central banks, financial and insurance clients, announced that the Reserve Bank of India, the central bank of the country and one of the largest in Asia region, has chosen Intellect to implement the upgraded version of the award-winning Cloud-Native Intellect Quantum Core Banking solution to power the next stage of their digital transformation agenda. Intellect continues to be the trusted partner for the Central Banking Transformation at Reserve Bank of India. One of the largest and most complex central banks in the world with a balance sheet size of INR 57076.69 Billion, the Reserve Bank of India (RBI) provides the financial backbone for the world’s sixth largest economy by implementing various monetary policy tools. Managing foreign exchange reserves, managing currency in circulation, regulating the banking industry and managing public debt, collections, and payments to the federal government, state governments, and union territories through RBI’s 30 regional offices.

Intellect Design Arena to implement Cloud-Native Itellect Quantum Core Banking Solution for RBI