The partnership with IBM to jointly deliver digital corporate banking solutions to large banks on IBM cloud will give access to almost 54 US banks, said Intellect Design Arena on Tuesday.
Speaking to CNBC-TV18, Arun Jain, Chairman and Managing Director, said, "Our current US revenues are close to 16-17%. Partnership will IBM give us an access to almost 54 banks, which we are targeting in US and size of the deal in each of the banks once you enter could be between $5 million and $20 million."
"IBM is helpful in increasing the deal value. Sometimes this deal value of digital transformation can go up to $50-100 million,” he said.
Chennai-based Intellect Design Arena, a financial technology firm, posted good set of earnings in Q4.