“Can an enterprise-grade, open API-based source-to-pay and accounts payable platform built on AI-native architecture capture the corporate procurement and finance operations market for large and mid-sized enterprises?”
iCPX and iAPX are newly launched platforms from Intellect Design Arena, a Mumbai-based fintech company serving banking and insurance clients. Launched in May 2024, iCPX is a source-to-pay procurement platform and iAPX is an accounts payable automation platform, both built on Intellect's proprietary eMACH.ai open finance architecture and Purple Fabric AI. They represent Intellect's expansion from core banking/insurance software into enterprise commerce and finance operations for corporates.