Chennai (India), May 11, 2023: Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product FinTech company for the world’s leading banking and insurance clients, announced its fourth-quarter results for FY 23 today.
I. Financial Performance
Q4 FY 23 – Financial Highlights
Revenue:
Platform, License and AMC Revenue:
Gross Margin and EBITDA
PAT
Collections
Deal Wins and Digital Transformations
FY 23 – Financial Highlights
Revenue:
Platform, License and AMC Revenue:
Gross Margin and EBITDA
PAT
Collections
Deal Wins and Digital Transformations
II. The World’s Largest Open Finance Platform
Intellect Design Arena launched eMACH.ai, the world’s most innovative open finance platform, that offers banks and financial institutions the ability to compose their unique “My Signature Solution.” With the sweeping changes in the banking and financial industry, focusing on the customer’s mind and wallet share, it’s essential to stay agile and lean to remain ahead of the competition. eMACH.ai aims to revolutionise the way financial institutions operate: and by offering a broad, comprehensive, composable, and contextual platform that helps banks design their unique operations and market offerings
eMACH.ai provides banks the platform to accelerate the design of products and processes, optimise resources, and make data-driven decisions that drive growth and profitability. It is an arcade of the most comprehensive microservices and APIs harnessing the power of AI, thereby enabling banks to move progressively from Wave 3 to Wave 5. BankTech Wave 5 is a significant phenomenon that leverages the power of Cloud and AI to move beyond products -to intelligent platforms and progressively to Marketplaces that are “value multipliers” for all stakeholders by seamlessly integrating with other players.
III. Management Commentary
Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited, said, “Our launch of eMACH.ai marks a significant shift in how transformation technology is addressed for the financial services industry. A blend of the best of composability, embedded AI and data on a cloud-native open architecture opens up an entire world of possibilities for banks and financial institutions for designing value propositions contextualised for their customers. This endeavour is supported by iTurmeric, a unique visual composer for the intuitive design of experience, process orchestration and eco-system integration. Within a short span of time, we are seeing significant interest from several banks and financial institutions to adopt this platform. The eMACH.ai is an outcome of intense R&D by over 2.4 mn hours and enhanced investment over the last 4 to 6 quarters.”
IV. Board Announcement
In line with the Dividend Distribution Policy of the Company, the Board has recommended a final dividend of Rs.2.50/- per share on the face value of Rs 5/- each on equity shares, for the financial year ended March 31, 2023, subject to the approval of shareholders at the ensuing Annual General Meeting. Further, the dividend shall be paid within 30 days from the date of declaration.
V. Deal Wins
eMACH.ai, the most comprehensive, contextual and composable open finance platform enabling banks to move from product and process to design and experience has been chosen by 12 customers worldwide in Q4 FY23. Some of the significant deals are:
Financial Results for the Fourth Quarter Ended – March 31, 2023
Additional Information on function-wise classification of the statement of Profit and Loss of the Group
INR Crs.
Note: Hedge Impact is shown below EBITDA in the P&L above
Investor Conference Call
The Board of Directors of Intellect Design Arena Limited met on 11th May 2023,to record the financial results of the company for Q4 and FY 23, which ended on March 31, 2023. Intellect Design Arena Ltd. will host an Investors Conference Call on May 12, 2023, where the senior management of Intellect will comment on the company’s performance during Q4 FY 23 and respond to questions from participants. The conference call will take place at 04:00 PM IST on Friday, 12 May 2023
Conference Name : Q4 FY 23 – Investor Earnings call
Date : May 12, 2023
Time : 04:00 PM – 06:00 PM IST
Please register through the link below to take part in this call.
Registration link:
https://us06web.zoom.us/webinar/register/WN_BToHSeB_RBSTa35KgXRphg
After registering, you will receive a confirmation email containing information (including the link) about joining the webinar.
Please Note:
1) Join the ZOOM Link by 3:55 PM IST on 12 May
2) Log in with your name and company name
3) Investors can click the “Raise Hand” button at the bottom of the window during the Q&A Session to ask questions
About Intellect Design Arena Limited
Intellect Design Arena Ltd. has the world’s largest cloud-native, API-led microservices-based multi-product platform for Global leaders in Banking, Insurance, and Capital Markets. eMACH.ai, the most comprehensive open finance platform is at the forefront of the BankTech Wave 5, a significant phenomenon that enables banks and financial institutions to move from product and process to design and experience to compose their unique “My Signature Solution”.
With over three decades of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives. It offers a full spectrum of banking and insurance technology products through its three lines of businesses – Intellect Global Consumer Banking (iGCB), Intellect Global Transaction Banking (iGTB), and IntellectAI.
Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 270 customers through offices in 57 countries and with a diverse workforce of solution architects, and domain and technology experts in major global financial hubs around the world. For further information on the organisation and its solutions, please visit www.intellectdesign.com
For Media related info, please contact:
Nachu Nagappan Intellect Design Arena Ltd Mob: +91 89396 19676 |
For Investor related info, please contact:
Praveen Malik Intellect Design Arena Limited Mob: +91 89397 82837 |