Intellect Design Arena Ltd., a global leader in AI-first, enterprise-grade financial technology, has announced a strategic partnership with Ayeyarwady Farmers Development Bank Public Company Limited (A bank PCL), one of Myanmar’s leading commercial banks. The collaboration aims to modernise A bank PCL’s banking capabilities by implementing Intellect’s eMACH.ai Core Banking system, which promises a highly agile, scalable, and resilient technology foundation.
Under this partnership, A bank PCL will also leverage Intellect’s PF Credit and AI First Lending solutions to significantly enhance its credit processes for loan origination and servicing. ACE Data Systems will serve as the local implementation and support partner, ensuring a strong regional presence and effective execution in collaboration with Intellect.
Key benefits for A bank PCL through this strategic partnership include faster go-to-market capabilities with comprehensive offerings across core banking, lending, trade finance, and treasury, all built on microservices and API-based architecture. The bank will also benefit from high extensibility and control through parameter-driven configuration and a low-code API platform, enabling the rapid launch of new banking products.
The partnership is expected to improve business visibility with ‘look-ahead processing’ and the ‘Turbo-EOD algorithm’, resulting in faster End-of-Day, End-of-Month, and End-of-Year reports. Additionally, better compliance will be achieved through Myanmar-ready payment rails, local integrations, and readily available regulatory reports.
AI-powered efficiency is another highlight, with PF Credit digital experts across loan origination, credit sanction, and loan servicing, leading to 10X faster loan origination and up to 70% improvement in Net Promoter Score.
U Zaw Lin Htut, Executive Chairman of A bank PCL, stated, “At A bank PCL, our digital journey is driven by a singular focus: delivering unparalleled value to our customers. This strategic partnership with Intellect and ACE marks a pivotal moment in our evolution. By integrating world-class, AI-driven core banking and lending platforms, we are not just upgrading our technology—we are fundamentally transforming how we serve our community.”
Rajesh Saxena, Chief Executive Officer of Intellect Consumer Banking, commented, “A bank PCL’s transformation reflects a strong strategic intent to build a future-ready banking platform that can scale with Myanmar’s economic ambitions. Together with ACE Data Systems, our trusted regional partner, we are proud to support A bank PCL’s transformation by delivering eMACH.ai Core Banking and PF Credit, enabling the bank to move towards a truly composable, intelligent digital banking and lending foundation.”
Zaw Moe Thant, Chief Executive Officer of ACE Data Systems, added, “By combining Intellect’s globally recognised eMACH.ai platform with our deep local expertise and proven implementation capabilities, we are committed to delivering a secure, scalable, and future-ready core banking solution.”
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).