Intellect Design Arena Ltd. announced that Indian Bank has chosen Intellect's eMACH.ai powered Cash Management System to bolster their Corporate Banking Modernisation. This strategic partnership is a pivotal moment - adding another feather to Intellect's growing footprint in the Indian BFSI industry, rendering the capabilities of a cognitive enterprise for revolutionising transaction banking. As a part of the project `INDLEAP', Indian Bank has taken on the objective of digital transformation by leveraging technology wherever possible with transaction banking and supply chain management being the key growth engines.

Through this implementation, Intellect provides: Omni-channel access across Desktop, Mobility, Host to Host & API. Treasury persona aligned dashboard to drive Contextual Banking eXperience. Extensive coverage of Payments across electronic and physical channels.

Contextual use cases for Bank & Corporate Personas across Mandate, Cashflow Forecasting & Reconciliation. Coverage of Multi-Modal Collections offerings for Indian Corporates (Mandate based Collections, Electronic Variants Cash/Cheque Collections, Doorstep Banking, Cash Delivery). Comprehensive Bill Collections Platform to help Channel Agnostic Bill Orchestration, Collections & Settlement for Anchor Billers.

Payment-by-link to enhance user experience & stickiness for Bill Payments. Ready Open APIs across Portfolio, Payment, and Collections to curate Banking-as-a-Service from Indian Bank. Intellect Cash Management System platform offers a full range of products and services to efficiently process bank receivables and payables: Comprehensive cash management solution across receivables, payables & liquidity.

Extensive coverage of Payments across electronic and physical channels as well as country specific payment rails NEFT, IMPS, RTGS, UPI, NACH as well as Statutory Payments. Provides a variety of channels for corporates to access and initiate services including through a web-based application, mobile, SFTP & APIs. Highly configurable to meet the specific accounting and reporting requirements of the corporate facilitating end-to-end automation and integration with commonly used ERP and accounting systems. Major modules include Electronic collections, Mandate Management Services, Cheque Collection Module, Cash collection at branches, Doorstep Banking Services, Cash Pick-up and deliveries, Cash logistics management for third-party institutions, Virtual Accounts, Invoice reconciliation, Debtors management & Cash forecasting, Electronic payments, Cheque Printing, Direct Debits and NACH Payments.