Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Banking > CENTRAL BANK OF ARMENIA CHOSES INTELLECT’S QUANTUM CENTRAL BANKING PLATFORM FOR ITS DIGITAL TRANSFORMATION

CENTRAL BANK OF ARMENIA CHOSES INTELLECT’S QUANTUM CENTRAL BANKING PLATFORM FOR ITS DIGITAL TRANSFORMATION

Published by Gbaf News

Posted on April 20, 2017

4 min read

Last updated: January 21, 2026

Graph illustrating the decline of cash payments in the euro zone - Global Banking & Finance Review — This image depicts a graph showing the decreasing trend of cash transactions in the euro zone, highlighting the shift towards electronic payments as noted in the ECB report. It is relevant to the article discussing the future of cash in finance.

Progressive risk free modernization for full scope Central Banking in a single system

Intellect Design Arena Ltd a digital financial technology product provider for the banking and insurance, today announced that the Central Bank of Armenia (CBA), the primary financial institution in the Republic of Armenia, has selected Intellect Quantum Central Banking System for its Digital transformation.

Intellect’s Quantum Central Banking System will help Central Bank of Armenia to streamline its business processes across multiple departments and external entities. It will be able to generate the balance sheet in real-time and have comprehensive dashboards for integrated operation and prudential oversight, with no reconciliation hassles. Automation of operations will remove all unnecessary manual intervention in transaction processing. Intellect will work with its strategic partner for the region, Intracom Armenia, for implementation of this project. The Intellect Quantum Central Banking System will be deployed along with complete currency life cycle management and comprehensive Treasury management solution.

Talking about the technology transformation undertaken by the Central Bank, Mr. Vakhtang Abrahamyan, Deputy Governor, Central Bank of Armenia said, “With the implementation of IntellectQCBS, CBA will have a robust and strategic backbone to support the renewal of banking systems in Armenia and across the region, thereby allowing new initiatives such as regional payment systems, to soon become a reality.”

Commenting on the win, Mr. K. Srinivasan, President, APAC, IMEA & CIS Markets, Intellect DesignArena said,“The Central Bank of Armenia choosing our Quantum Central Banking Solution re establishes our superior comprehensive offering and specialization in the space of Central Bank modernization. We very much value the trust reposed in Intellect. This will help further our interests as well in the Region.”

Trusted by the Central Banks in many countries Intellect QCBS solution deploys an array of technology frameworks including Extreme Account Posting (XAP), Run Time Re Use (RTRU), and Look Ahead Processing (LAP) technologies. Intellect is the proud recipient of the Payments Provider of the Year Award-2016 and Technology Provider of the Year Award-2015 at Central Banking Awards.

Progressive risk free modernization for full scope Central Banking in a single system

Intellect Design Arena Ltd a digital financial technology product provider for the banking and insurance, today announced that the Central Bank of Armenia (CBA), the primary financial institution in the Republic of Armenia, has selected Intellect Quantum Central Banking System for its Digital transformation.

Intellect’s Quantum Central Banking System will help Central Bank of Armenia to streamline its business processes across multiple departments and external entities. It will be able to generate the balance sheet in real-time and have comprehensive dashboards for integrated operation and prudential oversight, with no reconciliation hassles. Automation of operations will remove all unnecessary manual intervention in transaction processing. Intellect will work with its strategic partner for the region, Intracom Armenia, for implementation of this project. The Intellect Quantum Central Banking System will be deployed along with complete currency life cycle management and comprehensive Treasury management solution.

Talking about the technology transformation undertaken by the Central Bank, Mr. Vakhtang Abrahamyan, Deputy Governor, Central Bank of Armenia said, “With the implementation of IntellectQCBS, CBA will have a robust and strategic backbone to support the renewal of banking systems in Armenia and across the region, thereby allowing new initiatives such as regional payment systems, to soon become a reality.”

Commenting on the win, Mr. K. Srinivasan, President, APAC, IMEA & CIS Markets, Intellect DesignArena said,“The Central Bank of Armenia choosing our Quantum Central Banking Solution re establishes our superior comprehensive offering and specialization in the space of Central Bank modernization. We very much value the trust reposed in Intellect. This will help further our interests as well in the Region.”

Trusted by the Central Banks in many countries Intellect QCBS solution deploys an array of technology frameworks including Extreme Account Posting (XAP), Run Time Re Use (RTRU), and Look Ahead Processing (LAP) technologies. Intellect is the proud recipient of the Payments Provider of the Year Award-2016 and Technology Provider of the Year Award-2015 at Central Banking Awards.