Ithala SOC Ltd: Chooses Intellect Design Core

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Ithala SOC Ltd: Chooses Intellect Design Core

Ithala SOC Ltd: South Africa-based, selected Intellect Design’s core system to support expansion plans

  • India-based Intellect Design Arena came into being in 2014 as a result of a restructuring of Polaris Group
  • Much of its original software stemmed from Citigroup, via a spin-off, Orbitech
  • Ithala SOC focused on the unbanked sector in the KwaZulu-Natal (KZN) province
  • It is a wholly-owned subsidiary of Ithala Development Finance Corporation
  • The new system will span Ithala’s existing banking services and will also support expansion into new sectors
  • This digital system will make Ithala one of few players in the South African market to have a fully digital banking system