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Emirates NBD is a deal with high value margin, says Intellect Design Arena

business | Feb 26, 2019 2:07 PM IST

Emirates NBD is a deal with high value margin, says Intellect Design Arena

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Emirates NBD deal was a sizable deal and one of its kind in the region that focuses just on channel modernization, said K Srinivasan, president, Asia-Pacific, South Asia, Middle East and Africa at Intellect Design.

Emirates NBD deal was a sizable deal and one of its kind in the region that focuses just on channel modernization, said K Srinivasan, president, Asia-Pacific, South Asia, Middle East and Africa at Intellect Design.

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Intellect Design Arena has bagged a multi-million dollar deal win from Emirates NBD which is a leading bank in the Middle East. The company has had strong deal win pipeline off late.  Srinivasan said that Emirates NBD is the third largest bank in the Gulf Cooperation Council (GCC) region.
Talking further about the deal, Srinivasan said, “A part of the deal for us is to help them transform their entire online corporate, online banking platform that will help their corporate and SMEs, give them an omnichannel flavour and that’s the whole perspective.”
“This is a sizeable deal because this is a deal of its kind in the region that focuses just on channel modernization with the backend process that we have in the collection space. So it’s going to transform the entire usage of the solution,” he added.
Srinivasan said the company maintained FY19 revenue guidance of 25% dollar and 38% in rupee terms. The size of the deal is upwards of Rs 50 to Rs 70 crore.
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