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Intellect Design Arena Inc. announced today partnerships with 35 Canadian credit unions across 8 provinces. These institutions collectively manage over $13 billion in assets under administration and serve more than 373,000 members. Members will gain access to secure, seamless and frictionless digital banking experiences that enhance engagement and personalization.
Through four strategic agreements with Bulkley Valley Credit Union, Kindred Credit Union, Rosenort Credit Union, and League Data (representing 32 credit unions), Intellect is collaborating to advance the digital capabilities of Canadafs credit union system. The transformation will redefine digital banking across onboarding, account services (including chequing and savings accounts), payments, and member service.
By leveraging eMACH.ai DEP, these credit unions will unlock significant business impact across the following key areas:
-Accelerated member onboarding: Retail and small business members can seamlessly self onboard in minutes through real-time KYC and liveness checks
-Advanced digital self-service: Members can easily manage portfolios, enter service requests, appointments, and recover username and reset password within mobile and online banking
- Optimized operational efficiency: Shared multi-tenant SaaS model reduces operational costs while enabling scalable growth and faster time-to-market
- Rapid innovation and deployment: Low-code, cloud-native platform with ready microservices enables fast rollout of Canada-ready open-finance features
Besides the features offered to the 35 credit unions, Intellect offers a comprehensive Canada-ready core banking, lending and commercial digital banking suite, catering to the end-to-end requirements of credit union members. Bulkley Valley CU, Kindred CU, Rosenort CU and League Data form the early adopter group of Intellectfs eMACH.ai Digital Engagement Platform (DEP) among Canadian credit unions.
The recognition celebrates Intellect's pioneering work in deploying enterprise-grade digital experts through its Purple Fabric platform, transforming complaints handling for a leading UK wealth management firm. The system leverages multiple specialised Digital Experts covering data ingestion, data gathering, investigation, and reporting, working together in synergy, to deliver faster, explainable, and compliant resolutions. The deployment is fully aligned with the Financial Conduct Authority's (FCA) Consumer Duty regulations in the UK. The solution has enabled case handlers to process complaints up to 10x faster, achieving over 80% SLA compliance and dramatically improving customer experience, thus demonstrating measurable business impact for financial institutions.
In two sessions, the stock has zoomed 12.39%, from its close of Rs 1,046.70 recorded on 30 October 2025.
In the last six months, Intellect Design has zoomed 45.60% while the S&P BSE Sensex and the S&P BSE 500 index have added 3.75% and 6.71%, respectively, during the same period.
On Friday, the company reported 94% jump in net profit to Rs 102 crore on a 34% increase in total income to Rs 789 crore in Q2 FY26 as compared with Q2 FY25.
For the period under review, Platform revenue was Rs 137 crore (up 200% YoY), License revenue was Rs 144 crore (up 69% YoY) and AMC revenue was Rs 143 crore (up 19% YoY).
EBITDA improved by 68% to Rs 184.32 crore in Q2 FY26 from Rs 109.52 crore in Q2 FY25.
Collections for Q2 FY26 are Rs 753 crore as against Rs 550 crore in Q2 FY25. Cash and cash equivalents rose to Rs 927 crore in Q2 FY26, up from Rs 755 crore in Q2 FY25.
Intellect Design Arena has a comprehensive portfolio of products across global consumer banking, central banking, risk & treasury management, global transaction banking, and insurance and is engaged in the business of software development.
Arun Jain, chairman and managing director, Intellect Design Arena, said: “Q2 was a quarter of strong execution and platform synergy.
Our 34% YoY growth to Rs 789 crore reflects how global institutions are embracing the combined power of eMACH.ai for composable transformation and Purple Fabric for governance-first Business Impact AI.
With accuracy, traceability, and open architecture at the core, we are helping financial institutions modernise with lower risk and higher velocity. This performance validates our strategic investments and reinforces our confidence in a strong pipeline and future growth trajectory.”
The scrip had zoomed 8.24% to end at Rs 1132.90 on the BSE on Friday.