Intellect Symphony

The story I am about to tell traverses the fascinating world of a young boy and his journey to adulthood. And during this journey, he tells a riveting story of discovery - of his journey and self-discovery.? It's about a young and determined individual who faced financial obstacles but remained committed to achieving his goals. Interwoven in his journey, we unravel how the world of technology unravels.?

Murari Lal was just like any other boy growing up in a bustling locality in a vibrant city. He imbibed the vibrancy and had his playful side.? But there was another side to him, too. At the tender age of 10, Murari was captivated by the mesmerising world of video games. However, a price tag of Rs.2000 hung heavily over his dreams, a sum far beyond the confines of his modest pocket money, that amounted to a mere Rs.50 per month.

But the money did not seem to be an obstacle in achieving his dream. He remained focused on his important goal. He was determined to be smart with his money and found help at the local Ramlal Bank to start his financial journey. He saved Rs.20 from his monthly pocket money,? resisted the temptation and deposited whatever money he got on festivals in that account to make his dream come true.

Time passed. Festivals came and went. The temptations were all there. But his dream & determination were greater than all of these.? After patiently waiting for two years, Murari's hard work with money paid off, and festivities brought in extra money, Murari remained determined. He felt proud and satisfied when he had Rs.2000 in his hands. It showed he didn't give up and was smart with his money. This was just the beginning of Murari's journey to learn how to handle money well, and he never forgot this important lesson.

When he was 13, he had to buy groceries for his family. This allowed him to learn even more about managing money, and it happened at a local store.

With his mom's shopping lists, Murari regularly went to the nearby grocery store. But there was a surprising twist: the store owner didn't immediately ask for payment. Instead, they sent someone to collect the money at the end of the month. Murari realised that this system was similar to how credit and credit cards work, which got him thinking about the complex world of finance that he would soon learn about.

As Murari's life story progressed, taking him through college and into the world of startups, his journey blended perfectly with the growing world of technology. He named his business ‘Murari Lal & Co’ and approached RamLal Bank to seek financial assistance and was introduced to how RamLal bank can extend a loan to him against the machinery he would procure and purchase orders he got as well as help him manage his month to month cash requirements by giving him money against the invoices he would raise to his clients.?

With his company seeing new heights, he went back to RamLal Bank, and because of the long-term association and strong credit history of his family, he was able to get funding against the orders he got from his customers. He renamed his company ML Corporation (Murari Lal Corporation) and successfully expanded to international trade hubs like Dubai and Singapore.

At one point in his life, Murari's parents arranged for him to be married. However, a few years later, he was determined to provide his children with a better education than he had received. As a result, he made investments to secure their future wealth.

Murari used his company as a platform to showcase new ideas. Dealing with complex financial tasks and various transactions, they focused on finding better ways to handle foreign exchange payments and payment technology. As Murari faced more challenges, his story became more complicated. He had to be good at managing money, get insurance for his business, and make things run automatically. In the end, he had more money and wanted to invest it wisely.

Murari Lal's journey was a lot like how Intellect's range of products grew as he went along. From the echoes of core banking to the crescendo of lending platforms, liquidity management, and the orchestration of wealth, his story resonated with Intellect's innovative products and solutions to the world of financial technology, encapsulated by the slogan "Make Money, Move Money & Manage Money."

During the recent Intellect Fest held in Chennai, I shared the story of Murari Lal with our associates, which helped them to have a personal connection to the complex world of financial technology. Each phase of Murari's life was linked to our products and solutions (Intellect Digital Core and Quantum, iKredit360, Digital Transaction Banking, PayCash-CX, Corporate Treasury Exchange, Wealth & Capital Markets, and Insurance). We assigned a specific musical instrument to represent each phase of his life (beginning with the piano, followed by the cello, sitar, violin, guitar, drums, trumpet and mridangam). This harmonious arrangement of musical instruments formed the Symphony of Murari's Life Journey. The fascinating connection of music & technology was woven into the tapestry of Murari’s life. Our Technology experts presented how Murari Lal benefitted from each of our technologies and advanced on his entrepreneurial journey. Each phase of his journey had notes of an instrument denoting this journey.?

Once we had covered all the parts of the story, the instruments were played together, creating a unique "Intellect Symphony" that brought? Murari's Life Symphony.

This beautiful sound blended seamlessly with the rhythm of Intellect's impressive technology, eMACH.ai - the world's largest open finance platform. The story of Murari Lal and ML Corporation exemplified the transformative power of technology, creating a symphony that reflected the ambitions of the digital world we live in today.

Intellect will share a Video Series on the Intellect Symphony in the upcoming weeks.