Myanma Foreign Trade Bank Selects Intellect Design Arena for Digital Core Banking

On September 29, 2020, Myanma Foreign Trade Bank (MFTB), a state-owned bank in Myanmar, announced the selection of Intellect Design Arena as its digital core banking platform provider. Intellect's platform employs a 'one middleware' architecture designed to unify system integration, provide robust API support, and streamline banking operations. ACE Data Systems was named as the local implementation partner for the deployment in Myanmar.

The partnership targets higher return on investment and operational efficiency for MFTB by replacing legacy systems with a modern, scalable platform. The middleware-centric approach positions the bank to support future digital banking services and third-party integrations. While specific financial terms were not disclosed, the deal represents Intellect's expansion in the Southeast Asian banking technology market and MFTB's commitment to digital transformation.