Intellect Design Arena Ltd has announced a significant multi-year deal with Carte Financial Group, a leading independent mutual fund dealer and national Managing General Agency in Canada. This agreement involves the deployment of Intellect's Purple Fabric -powered Governance, Risk & Compliance (GRC) Platform.

The Purple Fabric GRC Platform will embed decision-grade, explainable intelligence into Carte's regulatory, onboarding, and governance workflows. Designed as an AI-First, Business Impact AI platform, it aims to shift institutions from reactive compliance to proactive, intelligence-led governance, thereby enhancing speed, accuracy, and transparency while reducing operational risk and compliance friction.

This engagement marks Purple Fabric's first GRC-led transformation mandate in Canada, setting a benchmark for AI-led governance in the Canadian wealth management sector. The partnership is a strategic long-term collaboration focused on supporting Carte's regulatory evolution and providing a scalable foundation for future growth.

Banesh Prabhu, CEO of IntellectAI, stated that this partnership signifies Intellect's expanding footprint in North America and reflects Carte's confidence in their technology and approach to transforming compliance into a strategic advantage.