Intellect Design Arena - Healthy Traction Expected Across Products: ICICI Direct
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ICICI Direct Report
We attended the analyst meet of Intellect Design Arena Ltd. The company highlighted its key product features and its cloud and application programming interfaces ready products.
The company also highlighted that it is seeing healthy traction across its product categories in corporate banking, retail and insurance segment.
Currently top three products yielding value are digital transaction banking, liquidity and quantum central banking. Intellect digital core, payments and digital lending are also expected to drive growth.
The company is currently undergoing a phase of monetisation of products and in second phase will witness monetisation of big data analytics and artificial intelligence.
This, coupled with cost control, sustainable capex and improving working capital bodes well for the company’s financials.
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