Intellect Design Arena Limited — Important, 23-01-2025: Updates

Intellect Design Arena Inc. has signed an agreement with Central 1 Credit Union, a step-down subsidiary, to take over its digital banking operations. This includes the transfer of Central 1’s Forge, Member Direct, public website, and mobile applications, along with related engineering and service teams. To facilitate this transition, select Central 1 team members will join Intellect to support clients moving to a new eMACH digital banking platform. The deal is anticipated to close in the coming weeks, promising a positive outlook for Intellect's digital business expansion and operational capabilities. The integration aims to enhance client service continuity and further strengthen Intellect's market presence.