Intellect Design Arena, a multi-product FinTech company recently launched eMACH.ai, cloud-native and future-ready open finance platform with embedded artificial intelligence, powered by AWS. With 285 pre-built microservices available on the cloud, and access to 1,214 APIs and 200 events, eMACH.ai enables financial institutions to design the future of banks and FIs, it said in a media statement.
This AI-powered platform will simplify banks’ complex technical environment and accelerate them from service-oriented architecture to the marketplace powered with cloud technology, Intellect said in the statement.
Arun Jain, Chairman & Managing Director, Intellect Design Arena says “With the launch of eMACH.ai, we have visualised the future of banking to be ecosystem led. To achieve this ecosystem end state, we have identified the 6 imperatives, ABCDEF of Banking Ecosystem Design – Architecture simplicity, Base eMACH.ai (Microservices, API, Cloud and Headless), Composable, Data, with Embedded AI and the Flexible & extensible – all of this centred firmly in the principles of Design Thinking. eMACH.ai offers the most comprehensive set of microservices for the full spectrum needs of banks and financial institutions, and APIs, enabling businesses to transition.”