Intellect Design Arena Limited, NSE Symbol: INTELLECT, BSE Script Code: 538835, strengthened its global presence after being chosen as the preferred partner by Germany’s leading e-commerce player, OTTO G Payments and Financing platform.
OTTO is part of one of the largest and most successful e-Commerce companies in Europe. Otto Group, a globally active trade and serve group with presence in more than 20 countries across European, American and Asian countries, is one of the biggest online retailers globally, with payments being a strategic business segment, offering services such as integration and progressing of common third party payment methods including installment payments and pre- payments.
The financing division of the client selected Intellect’s Digital Lending solution for the complete digitalization of their credit business. The lending solution, from Intellect’s robust IDC platform, promises a scalable, future- proof technology to support all forms of credit arrangements that the client’s business requires- from simple financing arrangements to large volumes of retail customers including dunning, re-financing and factoring arrangements. The Digital Lending solution designed with API first strategy from Intellect is capable of managing the entire credit lifecycle from origination to maturity, offering a real time 360- degree view of customer’s credit portfolio.
CEO, Intellect Global Consumer Banking, Rajesh Saxena said, “We are deeply honored with this partnership. Our Digital Lending solution from the Intellect Digital Core platform is a combination of innovation, technology optimization and transformational customer experience. Intellect is the right sized partner that would empower the client to meet the challenges of technology, regulations and growing business and customer demands”.