Intellect Global Consumer Banking has launched eMACH.ai, an open finance-based core banking platform hosted on the Amazon Web Services cloud. The platform enables financial institutions to create custom products using AI, offers more than 285 ready-to-use microservices, and connects with 1,214 APIs.
Facts
- Intellect Global Consumer Banking has launched eMACH.ai, an open finance-based core banking platform hosted on the Amazon Web Services cloud.
- The company claims the platform is the largest of its kind globally and includes a pre-integrated marketplace for UK and Europe.
- The platform enables financial institutions to create custom products using AI and offers over 285 ready-to-use microservices on the cloud and connects with 1,214 APIs.
- eMACH.ai facilitates fast customer onboarding, enables fintech integration to offer deposits through aggregators, and offers credit services such as buy now, pay later (BNPL), among other functionalities.
- The platform is fully compliant with UK, EU, and Nordic regulations, including data privacy, anti-money laundering (AML), consumer protection, and messaging standards.
- It supports various payment rails and allows users to choose their preferred payment method.
- Rajesh Saxena, CEO of Intellect Global Consumer Banking, said the new platform “democratises the financial services space by creating a level playing field for all types of banks in the UK and Europe.”
