Mauritius: Bank of Mauritius in tech overhaul with Intellect Design Arena

Bank of Mauritius, the country’s central bank and regulator, has embarked on a technology transformation with India-based banking tech supplier Intellect Design Arena.

Intellect Design Arena will implement its Intellect Quantum banking tech solution and assist with the IT infrastructure overhaul at the bank.

Intellect Quantum is specially designed for central banks, monetary authorities, and debt offices.

“Built around the DIY principle that allows central banks to create their own products anytime, anywhere, Intellect Quantum also has an API-first micro-services architecture which will ensure easy integration with internal and external systems, driving higher efficiency,” the vendor says.

It will replace a range of legacy tech at Bank of Mauritius, it is understood, including the long-sunsetted Bankmaster core banking system from Finastra.

Intellect Design Arena already has a number of central banks in Africa as clients, such as Central Bank of Lesotho, Central Bank of Seychelles, and National Bank of Ethiopia.