Key Highlights
- Intellect Design Arena expands its technology partnership with Cargills Bank in Sri Lanka.
- Cargills Bank will upgrade to Intellect’s composable eMACH.ai Core Banking Architecture.
- The expanded engagement covers core banking, lending, trade finance and treasury.
- The programme includes customer onboarding, deposits, payments and loan management.
- The platform is designed to provide a modern, scalable and cloud-ready banking architecture.
- The partnership aims to support digital transformation, product innovation and customer experience.
Intellect Design Arena Ltd. has announced an expanded technology partnership with Cargills Bank, a licensed commercial bank in Sri Lanka, to modernise its core banking infrastructure using Intellect’s composable eMACH.ai Core Banking Architecture.
The expanded engagement is aimed at supporting Cargills Bank’s digital transformation by providing a modern, cloud-ready and composable banking technology platform. The programme covers core banking, lending, trade finance and treasury operations under a unified technology architecture.
According to the company, the modernisation programme is designed to support banking functions including customer onboarding, deposits, payments, loan origination, loan management, limits and collateral management, trade finance and treasury.
Cargills Bank to Modernise Core Banking Technology
Under the expanded partnership, Cargills Bank will adopt Intellect’s composable eMACH.ai Core Banking Architecture as part of its technology modernisation programme. The architecture is intended to provide a scalable technology foundation that can evolve with the bank’s business requirements.
The engagement will establish a unified platform covering core banking, lending, treasury and trade finance. The architecture is also designed to support cloud-ready operations and provide greater flexibility for future technology enhancements.
The programme is expected to enable Cargills Bank to strengthen its digital banking infrastructure while supporting product development and customer-facing banking services.
Expanded Engagement Covers Multiple Banking Functions
The expanded partnership will cover several areas of Cargills Bank’s banking operations. These include customer onboarding, deposits, payments, loan origination, loan management, limits and collateral management, trade finance and treasury.
The unified technology platform is intended to help integrate these functions while providing a foundation for ongoing software updates and technology enhancements.
The companies said the platform will continue to evolve through technology enhancements and software updates as banking requirements and customer expectations change.
Focus on Long-Term Banking Technology Modernisation
The expanded engagement builds on the existing relationship between Cargills Bank and Intellect Design Arena. The programme focuses on developing a resilient and scalable banking technology environment that can support the bank’s operations and future business requirements.
Cargills Bank said the technology investment is focused on enhancing customer experience and supporting its long-term growth objectives.
Indika Fernando, Chief Information Officer at Cargills Bank, said the bank is continuing to invest in technologies aimed at improving customer experience and supporting its growth plans. He added that the expanded partnership is intended to create a unified banking platform supporting simpler and more personalised banking experiences.
Intellect Design Arena to Provide Composable Banking Architecture
Ramanan SV, CEO – India & South Asia at Intellect Design Arena, said the expanded engagement will bring the company’s composable eMACH.ai architecture across core banking, lending, treasury and trade finance.
The company said the architecture is intended to combine operational capabilities with ongoing technology enhancements and provide a banking technology foundation for Cargills Bank, its customers and the wider financial ecosystem.