Intellect Design bags AI-Powered GRC mandate in Canada

Intellect Design Arena announced the signing of its Purple Fabric-powered Governance, Risk & Compliance (GRC) mandate in Canada with Carte Financial Group, a leading independent mutual fund dealer and national Managing General Agency. The multi-year agreement marks a significant milestone in the adoption of AI-led regulatory operations within the Canadian financial services ecosystem.

Under this engagement, Carte will deploy the Purple Fabric GRC Platform, embedding decision-grade, explainable intelligence directly into the firm’s regulatory, onboarding and governance workflows. Designed as an AI-First, Business Impact AI platform, Purple Fabric enables institutions to move beyond
reactive compliance toward proactive, intelligence-led governance, improving speed, accuracy, and transparency while materially reducing operational risk and compliance friction across the enterprise.