Intellect Design Arena Ltd. announced through a regulatory filing (IDAL/2026-27/SE/87) that Cargills Bank, a licensed commercial bank in Sri Lanka, has expanded its strategic partnership with the company. The announcement was made via a letter to the National Stock Exchange of India Ltd. and BSE Ltd., signed by Prakash Bharadwaj, Company Secretary and Compliance Officer (ACS-37214), on September 23, 2026.
The expanded engagement involves Cargills Bank selecting Intellect's Composable eMACH.ai Core Banking Architecture to upgrade its digital banking capabilities. This marks the next phase of the bank's digital transformation journey, focusing on modernizing its technology landscape with a composable, cloud-ready banking architecture.
The program spans multiple banking modules including Core Banking, Lending, Trade Finance and Treasury, creating a unified technology foundation. The modernization will enable Cargills Bank to transform critical banking capabilities spanning Customer On-boarding, Deposits, Payments, Loan Origination, Loan Management, Limits and Collateral Management, Trade Finance and Treasury.
The engagement is designed to support greater agility, operational resilience and long-term business growth for Cargills Bank. The platform is intended to power the bank's operations for the next decade, enabling faster product innovation and seamless customer experiences.
According to Indika Fernando, Chief Information Officer of Cargills Bank, the expansion reflects the bank's commitment to investing in technologies that enhance customer experience and support long-term growth ambitions. Ramanan SV, CEO-India & South Asia of Intellect Design Arena, stated that the upgrade reinforces their shared commitment to building a banking foundation that will serve Cargills Bank for the next decade.
The disclosure includes a media release providing additional context about both companies. Cargills Bank is described as a licensed commercial bank in Sri Lanka backed by the Cargills Group, operating Sri Lanka's premier Supermarket Banking network across over 525 Cargills Food City outlets nationwide. The bank holds a National Long-Term Rating of A(lka) by Fitch Ratings Lanka.
Intellect Design Arena is described as a global leader in AI-First, enterprise-grade financial technology with three decades of domain expertise, serving over 500+ customers across 62 countries.