Intellect Design Arena Limited has informed the Exchange regarding a press release dated March 09, 2026.
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Intellect Design Arena has been selected by Parama Credit Union, a Canadian credit union based in Ontario, to power its digital transformation using Intellect's eMACH.ai Digital Engagement Platform (DEP). Founded in 1952, Parama serves over 6,500 members and manages CAD 600 million in assets. The platform will give Parama faster product launches, improved digital servicing with fraud protection, automated back-office workflows, and cloud-native scalability. This win adds another Canadian credit union to Intellect's client base and supports its strategy of serving the North American credit union segment.
Positive sentiment as the deal reinforces Intellect's growing presence in the Canadian credit union market, though no contract value has been disclosed so the direct revenue impact cannot be quantified. Investors should watch for further updates on deal size or order book contributions.