Intellect Design Arena zooms after its iGTB achieves SWIFT Compatible Application Trade Finance Label for 2021

Intellect Design Arena is currently trading at Rs. 709.50, up by 17.95 points or 2.60% from its previous closing of Rs. 691.55 on the BSE.

The scrip opened at Rs. 699.40 and has touched a high and low of Rs. 717.80 and Rs. 699.00 respectively. So far 30877 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 892.00 on 26-Jul-2021 and a 52 week low of Rs. 195.30 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 717.80 and Rs. 642.60 respectively. The current market cap of the company is Rs. 9509.60 crore.

The promoters holding in the company stood at 31.05%, while Institutions and Non-Institutions held 29.67% and 39.28% respectively.

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena, has achieved SWIFT Compatible Application Trade Finance Label for 2021 for its market-leading intelligent Trade Finance product.

This is the 3rd consecutive year that iGTB’s fully digital Trade Finance product has been awarded this label. It demonstrates the solution’s exceptionally strong capabilities to align to complex and evolving SWIFT Standards while embracing both digital transformation (including the much-sought-after goal of paperless) and sustainability (including the universal need now for product track’n’trace).

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

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