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  • January 23, 2024
  • Anjana Suresh
Intellect Powers Up GIFT City with New AI Innovation Center

Intellect Design Arena Ltd., a trailblazing Financial Technology company, has inaugurated its state-of-the-art Artificial Intelligence (AI) led innovation center in GIFT City, emerging as a pivotal force in the intersection of Global Finance and IT.The Intellect Gift City Centre is poised to be a hotbed for the development of next-generation decision-grade AI technology, leveraging the robust eMACH.ai architecture. Aimed at global financial firms, this center is set to propel the financial technology sector into a new era of innovation.
Spanning an expansive 8000 sq.ft. area, the facility is set to accommodate more than 120 highly skilled Fintech engineers. These experts will be instrumental in the development and implementation of Intellect’s cutting-edge eMACH.ai suite of technologies, solidifying GIFT City as a pivotal hub for advancing decision-grade AI technology in the financial sector.This center is designed to foster global connectivity, linking fintech research engineers with eight key global hub cities including New York, London, Frankfurt, Toronto, Singapore, Melbourne, Chennai, and Mumbai. This interconnected network is poised to enhance the impact of Intellect’s eMACH.ai suite of technologies on a global scale.

In alignment with Prime Minister Narendra Modi's vision for GIFT City as a "World Class Finance and IT Zone," Intellect's investment reflects a commitment to creating a global financial and technology hub.
Arun Jain, Chairman and Managing Director of Intellect Design Arena Limited, expressed his excitement about the launch, stating, “Intellect is proud to be part of this unprecedented ecosystem for crucial economic activities with its state-of-the-art financial and technology solutions." He emphasized that Intellect's facility in GIFT City will not only benefit banks and insurance institutions but will extend its reach to Global Business Service centers, International Exchanges,

Global Brokerage firms, Private Equity firms, Capital Markets, and various components of the global financial ecosystem.Jain highlighted that this strategic move places Intellect at the forefront of the global financial technology landscape. The presence in GIFT City signifies not only physical expansion but a profound commitment to advancing the future of finance through AI-led technology, powered by their distinctive eMACH.ai architecture. Intellect's Innovation Center in GIFT City stands as a testament to their dedication to shaping the financial landscape globally.