Analyst Recognition

Our products and technologies are among the best in the market with dozens of industry recognition and accolades to our merit.

Intellect in the limelight!

The story of Intellect Design Arena began in 2003 with the launch of the ‘Intellect’ suite of products. With over a decade of significant research and development investment, the Intellect suite is the largest in the industry, across Global Transaction Banking, Global Consumer Banking, Risk, Treasury & Capital Markets and Insurance.

With over 200 installed bases, Intellect has earned for itself numerous awards and analyst accolades. This page showcases some of the major accolades the organisation has received over the years.

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Intellect has won laurels by the world’s most acclaimed analysts.

iGTB ranked #1 Best Selling Wholesale Banking – Transaction Banking Solution in the world by IBS Intelligence in the Annual Sales League Table 2020

July 20, 2020

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets. The IBS report covers systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.

iGTB, the world’s first complete Global Transaction Banking arm of Intellect, has been ranked #1 as the best-selling wholesale banking – transaction banking system and joins the leadership club, validating its revolutionary #ContextualBanking innovation and a rich suite of transaction banking products. With 23% of the world’s MNC cross-border sweeps and over 50% of IMEA corporate collections going through iGTB systems, already proven capable of processing over one million domestic/international payments per hour in live use, this ranking underlines why so many of the world’s best corporate banks, bank on iGTB.

Commenting on the recognition, Manish Maakan, CEO, Intellect Global Transaction Banking (iGTB), Intellect Design Arena, said, “This recognition from the IBS is an important validation of our #1 commitment and strategy to deliver the best-in-class and the best-selling wholesale banking – transaction banking system. This tribute also validates our microservices-based, API-first and cloud-ready architecture.”

He further added, “Apart from the #1 ranking for the wholesale banking – transaction banking system itself, the report also validates our future-proof architecture covering both Retail Banking and Corporate Banking. These double wins are a first for Intellect and underline the company’s ability to play in the big league across the world. Additionally, even the modular solutions across lending and channels are in the top three, thanks to their comprehensive functionality and independent utility.

iGTB’s rich suite of transaction banking products enable banks ambitions to be Principal Banker to their corporate customers:

Cash optimisation in a rising interest rate environment: make the firm’s cash work and grow 24×7 with the world’s most comprehensive offering, licensed by over 40 of the world’s top banks serving clients in around 60 countries with an estimated 23% of MNC cross-border sweeps passing through iGTB systems

The world’s first integrated digital transaction banking platform: full service transaction banking using the model-bank approach. Banks become future-proof, risk-proof, compliant and profitable. Over 50% of corporate collections in India, Middle East and North Africa go through DTB.  DTB innovations this year include real-time customer & supplier onboarding, self onboarding, persona-led CXO and operational dashboards, SME banking and open banking API framework.

Revolutionizing digital access to banking: provide seamless digital omnichannel execution across the full range of transaction banking, offering contextual, instant, intelligent best-next actions – fully digitalized, cloud-native, and ground-up open microservice APIs.  The product range is especially strong in virtual accounts and client money management, as well as a full suite for SME with AI-supported cash flow forecasting

Anytime universal payments: capture growth opportunities of rising payment volumes and address regulatory challenges by providing enterprise-wide visibility into payment operations across all channels and business lines. Orchestrate payments end to end replacing all legacies siloed processing engines, ability to add real time limit control, and proven in live use processing over one million payments per hour.

Digitising Trade Finance and Supply Chain Finance: Trade and Supply Chain Finance, fully integrated and digitised, mitigating risk, reducing cost and optimising efficiency, driving a seamless customer experience all on one platform, on a single screen, from any channel, working towards paperless trade.  Sophisticated payables financing with dynamic discounting and seamless onboarding is one unique capability.

Intellect Revolutionary Contextual Banking Technology ranked #1 in the world for both Retail Banking and Transaction Banking by IBS

 

London (UK),

Intellect Design Arena Ltd, the specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, has achieved a remarkable double first: it has been ranked #1 in the world for Retail Banking and ranked #1 in the world for Wholesale Banking – Transaction Banking by the highly respected, independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.

 

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets.

Commenting on Intellect’s performance, the SLT Panel at IBS Intelligence said, “Two systems of Intellect Design Arena – Intellect Digital Core and Digital Transaction Banking have recorded their leadership position in the IBS Intelligence Sales League Table 2020. IDA solutions have been ranked #1 – for the second time in a row in the Retail Banking category, and have also been placed in the #1 spot in the Wholesale Banking – Transaction Banking category. The IBSI Sales League Table 2020 has been analysed based on systems purchases made by over 1,700 banks in over 150 countries, across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.”

Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, retained its #1 Global Leadership position in retail banking for the second time in a row. iGCB offers an end-to-end Contextual Banking suite for retail banking across Core, Lending, Cards, Wealth and Central Banking. iGCB breaks the one-shoe-fits-all paradigm and brings flexibility to how banks drive digital transformation. Whether the strategy is channel-led, product-led, middleware-led or even segment-led (think challenger banks), iGCB can make it happen in a ‘Progile’ – progressive + agile – manner. This unique infusion of integrated functionality and agility is made possible by our microservices-based, API-first, cloud-native architecture with powerful Olive Fabric capabilities.

 iGTB, the world’s first complete Global Transaction Banking arm of Intellect, has been ranked #1 as the best-selling wholesale banking – transaction banking system and joins the leadership club, validating its revolutionary #ContextualBanking innovation and a rich suite of transaction banking products. With 23% of the world’s MNC cross-border sweeps and over 50% of IMEA corporate collections going through iGTB systems, already proven capable of processing over one million domestic/international payments per hour in live use, this ranking underlines why so many of the world’s best corporate banks, bank on iGTB.

Intellect was also ranked in the top three best-selling solutions for Digital Banking and Channels, and also the top three best-selling solutions for Lending Systems.

Commenting on the ranking, Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “This is a remarkable validation of Intellect’s Best-in-Class Integrated Digital Banking Platform with Front to Back Capabilities across Retail and Corporate segments by IBS in the Sales League Table. The commendation also validates our microservices-based, API-first and cloud-ready architecture. Even our modular solutions across lending and channels are in the top 3, thanks to their comprehensive functionality and independent utility. This vindicates our pioneering use of #ContextualBanking based on Design Thinking principles – the concept that your banking systems should understand – even anticipate – what the client is trying to do. We are humbled by the recognition and thank our clients for entrusting the very core of their business functionality with us.”

Intellect Design named a Leader in the IDC MarketScape: Worldwide Trade Finance Report, highlighting its keen focus on transforming the corporate customer’s experience

London (UK) , 2 June 2020 :

Intellect Design Arena has announced that it has been positioned as a Leader in the IDC MarketScape: Worldwide Trade Finance Systems 2020 Vendor Assessment (doc #US43482018, MARCH 2020). The report assessed vendors on their depth and breadth of functionality, level of integration and forward-looking technology strategy around cloud and APIs.

The IDC MarketScape states in the report:

Intellect’s primary focus on corporate banking pays off when it comes to forward-looking product road map, new technologies, and understanding the business.

The Global Transaction Banking arm of Intellect Design Arena, iGTB, provides Trade & Supply Chain Finance, the first and only integrated platform covering a comprehensive range of business products across Trade Finance & Supply Chain Finance with integrated Limits & Collateral Management capability. The product supports multi-country, multi-currency, multi-entity, multi-lingual operations and supports a wide variety of messaging formats.

The IDC MarketScape also states in the report:

Consider Intellect Design whe   you want a forward-looking firm with a good cloud and technology strategy with a keen focus on transforming the corporate customer’s experience.

Fully integrated with the award-winning omni channel CBX application, iGTB uniquely combines trade and supply chain finance on a single platform providing a seamless customer experience front to  back.  The  modular  design  is  underpinned  by  a  range  of  common  functions  and  services.  It provides comprehensive workflows allowing immense flexibility in a business process centric business like trade finance and supply chain finance. These can be further extended and tailored as per the bank’s own process models.

It is complemented by an advanced data analytics capability designed to generate business

intelligence that will guide strategic direction and informed decision-making linked to customer- centric business models. It is further enhanced by a rapid and seamless supplier on-boarding module for anchor corporations in supply chain finance, providing increased transparency and robust risk management. In addition, the loosely coupled, API-first architecture provides the agility to support speed to market, building upon a number of strategic partnerships, such as with r3 and bolero, to develop leading edge digital solutions that are in ever increasing demand in response to COVID-19. The platform also enables seamless integration with the bank’s various backend and downstream systems supporting a wide variety of industry standard transport protocols and message formats.

This platform is a unique solution which delivers smart contextual solutions that are designed to contain cost, reduce risk and increase overall competitiveness.

Commenting on the recognition, Manish Maakan, CEO, iGTB said, recognition from the IDC MarketScape is an important validation of our #1 commitment and strategy to deliver the first and only integrated contextual trade and supply chain finance platform; that enables financial institutions to carry out all the trade & supply chain finance operations smoothly and effectively. We have always believed that it is possible to simplify complex and disparate processes and design an integrated platform that offers a 360 degree capability to digitise the operations.

He further added, “The  IDC  MarketScape’s  thorough  analysis  included  deep-dives  with  our customers and we are thrilled to be named a Leader based on our proven capabilities in contextual trade  finance.   It is strong validation  for our  strategy and  recognizes our work to deliver connected Digital Corporate Banking in a market where no other vendors can provide such end-to-end capabilities.”

About IDC MarketScape:

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes  a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current  and prospective vendors.

Intellect CBX Retail Digital Onboarding wins XCelent Functionality Award from Analyst Firm Celent

Chennai (India) , 25 March 2020 :

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, announced that it has won the XCelent Award from leading industry analyst firm Celent, for ‘Breadth of Functionality’ in its CBX Retail Digital Onboarding platform.

Celent announced the XCelent Award in their report ‘Retail Banking Customer Acquisition Platforms-ABCD Vendor View’. Intellect CBX Retail Digital Onboarding was recognised as an ‘eXemplar’ in the functionality category. To arrive at the Breadth of Functionality scores, Celent evaluated each vendor across four areas: detailed functionality, breadth of products supported, reference client ratings and analyst’s demo rating.

In today’s experience economy, customers expect the ‘Amazon experience’ from their bank’s interface as well. A customer journey like onboarding, the first handshake between bank and customer, becomes extremely crucial in Digital Banking. Intellect CBX Retail, with its ‘5D Digital Onboarding’ platform, transforms what was so far a ‘high abandonment’ journey, into a seamless, delightful one for the customer. Banks can now enable instant account opening through eKYC, and even perform real-time customer verification with data capture using a single click. This frictionless user experience forges a strong, instant relationship between bank and customer. The XCelent awards recognise this innovation for its transformative power.

“The past two years have seen an explosion of fintech product launches in response to the manifest demand for digital customer origination and onboarding solutions” said, Bob Meara, Senior Analyst, Celent’s Banking Practice and the report author. He further added, “In the Functionality dimension, Intellect edged out its competitors for its industry-leading breadth of product support across retail and business banking lines of business, as well as functional leadership in six of the eight areas examined”.

As digital journeys become more complex, customers demand fast and frictionless service on the channel of their choice. Attracting new business and the onboarding of new customers on their channel of choice are the most critical part for any bank’s digital strategy.  Intellect’s CBX Retail Digital Onboarding is a game-changer for banks and financial institutions looking to make the shift from an Omni-digital (available on multiple devices) to a truly omni-channel experience” said, Rajesh Saxena, CEO, Global Consumer Banking, Intellect Design Arena Ltd. “We’re extremely proud to stand behind the most advanced, and functionality-rich product in the market, and honoured to be recognised for our achievements by Celent.”

The XCelent Awards are designed to help financial institutions and technology providers stay abreast of industry trends by evaluating the shifting vendor marketplace and recognizing top-performing vendors. Celent developed its ABCD methodology, to offer two comparative views, first (“A” and “B”) positions vendors along with technology and functionality dimensions and second (“C” and “D”) positions vendors along client base and depth of customer service dimensions.

The Celent report states – “Overall, Intellect’s Digital Onboarding Platform boasts a modern, cloud-native, micro services-based architecture. The strength of the solution is its platform-wide step-up authentication mechanism. The solution can adjust the thresholds and weightings of a variety of variables in order to balance risk management and the UX. In addition, the platform offers financial institutions native campaign management capability to place ads within the context of their digital properties. This can be used for cross-selling as part of an application or in any other user journey once inside their digital banking application.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC]. https://www.celent.com/

Emirates NBD wins Celent’s Model Bank award for Transaction Banking Transformation

iGTB, the world’s first complete Global Transaction Banking platform from Intellect Design Arena Limited, is proud to announce that its client, Emirates NBD, a leading bank in the MENAT (Middle East North Africa and Turkey) region has received Celent’s prestigious Model Bank award for its Transaction Banking Transformation.

Emirates NBD has implemented iGTB’s end-to-end Digital Transaction Banking platform for Cash Management, in its ongoing transformation. A front-runner in digital banking innovation, Emirates NBD received international recognition for its ‘Transformation in Transaction Banking’ from leading international experts in financial services technology, Celent Research. Analysts at New York-based Celent declared Emirates NBD the winner of its 2020 Model Bank award for Transaction Banking transformation, commending the bank on its usage of modern technological architecture and co-creation on innovation to improve client experience and increase operational efficiency.

Commenting on the award, Alenka Grealish, Senior Analyst, Celent, said in the report, “Emirates NBD’s digital transformation of transaction banking stands out for its comprehensive scope, design approach, modern tech architecture, and its swift implementation.”

“iGTB congratulates Emirates NBD for this prestigious award for executing its vision to transform itself into a well-recognized leader in the MENAT region.  We are honoured to have played a role in Emirates NBD’s success,” says Manish Maakan, CEO, iGTB.

He added, “iGTB as a leader in the Middle East has been empowering banks in the region to launch and commercialise the transaction banking business in an integrated way and to gain significant market share.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].https://www.celent.com/

St. James’s Place wins Celent’s Model Wealth Manager with Intellect SEEC’s Intelligent Automation

New York, 30th April, 2020: Intellect is proud to announce that St. James’s Place Wealth Management (SJP) won the 2020 Celent Model Wealth Manager award in the Emerging Technology category. The award recognizes how SJP was able to drastically reduce pain points in their advice quality checking process, reduce the time to review specific elements with high certainty and allow increased volume and efficiency, using Intellect’s Intelligent Automation solution.

SJP is UK’s leading wealth management and financial planning firm, focused on delivering outstanding service and superior returns to its customers while driving internal efficiencies. SJP has proudly achieved high growth while delivering quality, face to face advice and service. Its advisers and clients have both benefited from innovative AI solutions to address challenges of high-touch processes and long turnaround times leveraging unstructured data and Machine Learning.  SJP partnered with Intellect SEEC to introduce a solution that would automate ingestion of complex forms and documents, help increase coverage, reduce turnaround time and errors, and increase operational efficiency in the advice quality assurance and on boarding processes.

Intellect’s Intelligent Automation solution which includes iDX (Intelligent Data Extraction) was the perfect choice to meet SJP’s goals because of its ability to accurately extract complex information from large unstructured documents and automate downstream processes with Machine Learning.

With the Intellect solution, SJP experienced a 50% improved operational efficiency, 80% increase in business volume and an 85% reduction in cycle time for this process.  SJP and its advisers can now scale their business a lot more easily with consistently high service and quality advice.

Commenting about the Celent Model Wealth Manager 2020 Award, William Trout, Head of Wealth Management at Celent,  said in the report, “Pensions transfer review has always been a mission-critical function for St. James’s Place. The use of intelligent automation technology (“Cognitive  RPA”) allowed St. James’s Place to orchestrate and automate the critical yield calculations (CYC) function and incorporate critical business flow monitoring, exception handling, and feedback processes. Intellect implemented an intelligent automation solution that executes, validates the Critical yield calculations (CYC) required to review the suitability of pension transfer cases for SJP. Intellect’s proprietary product IDX (Intelligent Data Extraction) extracted highly contextual information from unstructured advice and ceding provider documents, thus providing agility to the solution.”

Ian MacKenzie, Chief Operations & Technology Officer at St. James’s Place, said: “To be recognised as a Model Wealth Manager by Celent is an honour and further affirms industry demand for solutions driven by emerging technology. Intellect’s Intelligent Automation solution provided us with an innovative way to achieve our main objective of improving operational efficiency.  We are experiencing firsthand how innovative and emerging technologies are transforming business.  I would like to thank our team and Intellect SEEC for their dedication to this initiative. We are only just scratching the surface in terms of what this technology can do for our business in the future.”

Pranav Pasricha, CEO of Intellect SEEC said,We are proud of our 12+ years’ long standing relationship with SJP and to be trusted as their digital and cognitive services partner. Together, we have proven that ML and Big Data based tools have now matured significantly enough to credibly take on complex cognitive tasks with high certainty and enhance  advice quality, regulatory compliance and efficiency all in one hit to a level never before possible with traditional technologies. We are very proud to be leading the charge in the Financial Services sector on such initiatives with clients like SJP”.

About St. James’s Place Wealth Management

St. James’s Place Wealth Management is a leading UK wealth management organisation. Founded in 1991, St. James’s Place was listed on the London Stock Exchange in 1997 and is a FTSE 100 company, with over £117 billion funds under management. The company provides face-to-face advice to clients based on their individual needs and circumstances, adapting the advice as requirements change over time to ensure that recommendations remain appropriate. Website: https://www.sjp.co.uk

StarStone named Celent Model Insurer of the year 2017

The Insurer has been awarded in the data mastery and analytics category for its exponential leap in using AI through Intellect Risk Analyst Platform

5 April 2017 :

New York: 5 April, 2017: StarStone, the global specialty insurer, today announced it has been named by industry analyst, Celent, as a 2017 Model Insurer in the Data Mastery and Analytics category. Judges recognized the insurer’s exponential leap in using Artificial Intelligence through Intellect SEEC’s Risk Analyst platform to materially reduce loss ratios and improve profitability across key portfolios.

Focused initially on StarStone’s on-line ESCAPE and traditional Excess Casualty platforms, the implementation reduced underwriting decision-making time, enabling more accurate and consistent underwriting which will lead to significant potential savings in claim and expense costs. Further gains are expected as StarStone implements Intellect SEEC’s Artificial Intelligence into other underwriting portfolios. The dramatic results and StarStone’s insight in harnessing technological innovation to improve the efficiency and robustness of the business, while increasing broker engagement, were key in the Celent judging panel’s decision. Norman Brown, Chief Executive Officer of StarStone US, said: “To be recognized as a Model Insurer by Celent is an honor and further affirms industry demand for solutions driven by exponential technology. The Intellect Risk Analyst initiative very quickly improved our view of risk, risk selection and efficiency, leading to anticipated increases in underwriting profit. I would like to thank our team and Intellect SEEC for their dedication to this initiative. We are only just scratching the surface in terms of what this technology can do for our business in the future.” Pranav Pasricha, CEO Intellect SEEC said: “Congratulations to StarStone. This accomplishment is a testament to our aim of improving risk selection and assessment in the industry by using non-traditional data sources and leveraging the growing capability of Artificial Intelligence. With AI we can instantly analyze much more data to be a lot more precise in underwriting and pricing, which is simply not possible with traditional means. We are confident these technologies are set to fundamentally disrupt traditional underwriting.”

About ESCAPE

ESCAPE was launched by StarStone in 2010 with the goal of streamlining the quote-to-bind process for brokers. Using the latest breakthroughs in software and technology, the portal’s offerings include a quick quote option, immediate policy issuance, multiple limit options at quote as well as access to communicate with an underwriter in real time. The portal is currently available for select brokers selling umbrella and excess liability policies to small businesses and other core lines, including Inland Marine. StarStone also harnesses the technology behind ESCAPE for its MGA partners across Europe.

About StarStone

StarStone is an international, A- rated insurance group with six wholly owned insurance platforms, including Lloyd’s Syndicate 1301. StarStone underwrites business across the Property, Specialty and Casualty risk classes from operations in London, Continental Europe, Australia and the US. StarStone is owned by Enstar Group Limited, the Trident V funds managed by Stone Point Capital LLC and Dowling Capital Partners I, L.P. For further information about StarStone, see www.starstone.com.

About Intellect Design Arena Ltd.

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies, is the world’s first full spectrum Banking and Insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets (iRTM), and Insurance (Intellect SEEC). With over 25 years of deep domain expertise, Intellect is the brand, progressive financial institutions rely on for digital transformation initiatives. Intellect pioneered Design Thinking for cutting edge products & solutions for Banking and Insurance, with design being the company’s key differentiator in enabling digital transformation. FT8012, the world’s first Design Centre for Financial Technology, reflects Intellect’s commitment to continuous and impactful innovation addressing the growing need for digital transformation. Intellect generates annual revenues of more than USD 124 million, serving more than 200 customers through offices in 40+ countries and a diverse workforce of more than 4,000 solution architects, domain and technology experts, in major global financial hubs around the world. For further information on the organization and its solutions, visit www.intellectdesign.com.

About Intellect SEEC

Intellect SEEC, provides an extensive portfolio covering distribution, underwriting and claims. Intellect SEEC has been developing innovative insurance solutions to lower operating costs and increase premium volumes and margins for the last two decades. Over the last 25 years, the company has built strategic relationships with major insurance carriers in America, Canada, United Kingdom, India and the Far East. Intellect SEEC builds its innovative, low-cost solutions on a firm belief that while the underlying business and technology of insurance are complex, their application should not be. For more details, visit www.intellectseec.com.

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Our unique collaborations and solutions has been recognised and appreciated across multiple platforms.

Emirates NBD wins Celent’s Model Bank award for Transaction Banking Transformation

London , 11 May 2020 :

iGTB, the world’s first complete Global Transaction Banking platform from Intellect Design Arena Limited, is proud to announce that its client, Emirates NBD, a leading bank in the MENAT (Middle East North Africa and Turkey) region has received Celent’s prestigious Model Bank award for its Transaction Banking Transformation.

Emirates NBD has implemented iGTB’s end-to-end Digital Transaction Banking platform for Cash Management, in its ongoing transformation. A front-runner in digital banking innovation, Emirates NBD received international recognition for its ‘Transformation in Transaction Banking’ from leading international experts in financial services technology, Celent Research. Analysts at New York-based Celent declared Emirates NBD the winner of its 2020 Model Bank award for Transaction Banking transformation, commending the bank on its usage of modern technological architecture and co-creation on innovation to improve client experience and increase operational efficiency.

Commenting on the award, Alenka Grealish, Senior Analyst, Celent, said in the report, “Emirates NBD’s digital transformation of transaction banking stands out for its comprehensive scope, design approach, modern tech architecture, and its swift implementation.”

“iGTB congratulates Emirates NBD for this prestigious award for executing its vision to transform itself into a well-recognized leader in the MENAT region.  We are honoured to have played a role in Emirates NBD’s success,” says Manish Maakan, CEO, iGTB.

He added, “iGTB as a leader in the Middle East has been empowering banks in the region to launch and commercialise the transaction banking business in an integrated way and to gain significant market share.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].https://www.celent.com/

iGTB-powered Abu Dhabi Islamic Bank Wins Aite Group’s 2019 Cash Management and Payments Innovation Award for Customer Experience

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, are delighted to congratulate UAE’s leading financial institution Abu Dhabi Islamic Bank (ADIB) for winning the Aité Group’s 2019 Cash Management and Payments Innovations Award for Customer Experience through their flagship platform, ADIB Direct, across web, mobile and watch.

iGTB’s Digital Transaction Banking platform prepares transaction banks to provide for every client’s and every sector’s needs with a configurable and intelligent platform that encompasses every aspect of transaction banking. With DTB, transaction banks can successfully optimize capital, maximize ROA and fee income, improve product cross-sell & distribution channel effectiveness, ensure regulatory compliance and support SME franchise and growth sectors (through working capital provisioning and advisory services) as well as empowering larger corporates, including up to multinationals.

ADIB received this award for demonstrating innovation through technology to offer a differentiated user experience that aligns with the needs of today’s business owners and corporate treasurers.

The well-known Aité Group recognizes financial institutions that leverage innovative technology. The awards program honours financial institutions that are introducing new products, capabilities or levels of automation and effectiveness that brings the industry one step closer to next-generation banking.

Haytham Elmaayergi, Global Head of Transaction Banking at ADIB, said: “We are delighted to be recognized by Aité.  This award is testament to the work being done at ADIB to improve the user experience. Our focus on technology-driven innovation will continue to further improve the customer experience for our Business Banking customers and our partnership with iGTB in the implementation of our digital transformation strategy will help us boost the bank’s productivity and efficiency.”

Manish Maakan, CEO, iGTB said, “Our vision is to deliver cutting-edge products and solutions, with design being the key differentiator in enabling digital transformation. We are delighted that ADIB has won this exemplary recognition, joining the growing ecosystem of award-winning banks who partner with iGTB.  The evidence further shows that the world’s best corporate and transaction banks succeed across the world in partnership with iGTB.”

“Abu Dhabi Islamic Bank’s decision to invest in its digital capabilities has enabled it to differentiate itself among its peers and  create a consolidated experience with unique attributes that enhance end-user efficiency and value,”said Christine Barry, Research Director at Aité Group. She added, “ADIB’s rollout of iGTB’s new digital platform has streamlined and enhanced customers’ user experiences, providing easy access to the most critical products through multiple channels”

iGTB powered First Abu Dhabi Bank Wins Global Finance Award 2020 for ‘Best Liquidity Management Bank in the Middle East’

iGTB, the world’s first complete Global Transaction Banking Platform from Intellect Design Arena is proud to congratulate UAE’s leading financial institution First Abu Dhabi Bank (FAB) for being recognised by Global Finance Award 2020 as the Best Liquidity Management Bank in the Middle East.

FAB, a long-standing client of iGTB, received this award for demonstrating innovation through technology to offer a differentiated user experience that aligns with the needs of today’s business owners and corporate treasurers. FAB has implemented iGTB’s integrated Digital Transaction Banking solution with the front-end client interface supplied by the Contextual Banking Experience (CBX) with its modern, omnichannel UX, and the back-end by iGTB’s fully integrated state-of-the-art Liquidity Management Solution, collections, receivables, and payments products.

The award-winning Liquidity Management Solution from iGTB empowers corporate treasurers with pooling, sweeping, intercompany loans and virtual accounts, as well as policy-driven automated investment sweeps, cash flow forecasting and real-time funds checking. The system delivers sophisticated automation and comprehensive analysis for more informed decision within corporate treasury departments. iGTB is the market leader in corporate liquidity management and partners banks worldwide – indeed, 23% of worldwide cross-border MNC sweeps go through iGTB systems. Its applications for transaction banking sport a world-class comprehensive digital, self-service, front-end that delivers a faster, simpler and seamless experience to help banks gain and retain corporate clients.

Commenting on the award, Manish Maakan, CEO, iGTB, said, “iGTB congratulates FAB for this  prestigious recognition from Global Finance, one of the most respected media publications. We applaud the vision of FABenhancing their value proposition to customers by investing in digital, and digitising the entire customer journey, thus improving customer convenience. We are privileged to be part of this transformational initiative.”

Global Finance relies on a multi-tiered assessment process, including input from industry analysts, corporate executives and technology experts to select the best providers of treasury and cash management services. Winners are chosen based on a range of objectives and subjective criteria, including profitability, market share and reach, customer service, competitive pricing, product innovation and service differentiation.

Intellect CBX Retail Digital Onboarding wins XCelent Functionality Award from Analyst Firm Celent

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, announced that it has won the XCelent Award from leading industry analyst firm Celent, for ‘Breadth of Functionality’ in its CBX Retail Digital Onboarding platform.

Celent announced the XCelent Award in their report ‘Retail Banking Customer Acquisition Platforms-ABCD Vendor View’. Intellect CBX Retail Digital Onboarding was recognised as an ‘eXemplar’ in the functionality category. To arrive at the Breadth of Functionality scores, Celent evaluated each vendor across four areas: detailed functionality, breadth of products supported, reference client ratings and analyst’s demo rating.

In today’s experience economy, customers expect the ‘Amazon experience’ from their bank’s interface as well. A customer journey like onboarding, the first handshake between bank and customer, becomes extremely crucial in Digital Banking. Intellect CBX Retail, with its ‘5D Digital Onboarding’ platform, transforms what was so far a ‘high abandonment’ journey, into a seamless, delightful one for the customer. Banks can now enable instant account opening through eKYC, and even perform real-time customer verification with data capture using a single click. This frictionless user experience forges a strong, instant relationship between bank and customer. The XCelent awards recognise this innovation for its transformative power.

“The past two years have seen an explosion of fintech product launches in response to the manifest demand for digital customer origination and onboarding solutions” said, Bob Meara, Senior Analyst, Celent’s Banking Practice and the report author. He further added, “In the Functionality dimension, Intellect edged out its competitors for its industry-leading breadth of product support across retail and business banking lines of business, as well as functional leadership in six of the eight areas examined”.

As digital journeys become more complex, customers demand fast and frictionless service on the channel of their choice. Attracting new business and the onboarding of new customers on their channel of choice are the most critical part for any bank’s digital strategy.  Intellect’s CBX Retail Digital Onboarding is a game-changer for banks and financial institutions looking to make the shift from an Omni-digital (available on multiple devices) to a truly omni-channel experience” said, Rajesh Saxena, CEO, Global Consumer Banking, Intellect Design Arena Ltd. “We’re extremely proud to stand behind the most advanced, and functionality-rich product in the market, and honoured to be recognised for our achievements by Celent.”

The XCelent Awards are designed to help financial institutions and technology providers stay abreast of industry trends by evaluating the shifting vendor marketplace and recognizing top-performing vendors. Celent developed its ABCD methodology, to offer two comparative views, first (“A” and “B”) positions vendors along with technology and functionality dimensions and second (“C” and “D”) positions vendors along client base and depth of customer service dimensions.

The Celent report states – “Overall, Intellect’s Digital Onboarding Platform boasts a modern, cloud-native, micro services-based architecture. The strength of the solution is its platform-wide step-up authentication mechanism. The solution can adjust the thresholds and weightings of a variety of variables in order to balance risk management and the UX. In addition, the platform offers financial institutions native campaign management capability to place ads within the context of their digital properties. This can be used for cross-selling as part of an application or in any other user journey once inside their digital banking application.”

2019 the Year of Awards for iGTB Clients: Exclusive Sponsor of the Eighth Annual Transaction Banking Awards Ceremony

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past five years, today congratulates its many clients who have won awards in 2019. As a mark of honouring and appreciating their award-winning clients, iGTB is supporting the Eighth Annual Transaction Banking Awards ceremony, run independently by the renowned Global Finance banking magazine, to be held at the “Gherkin” in London on 25th September, 2019, during Sibos London.

iGTB clients have won over 34 prestigious awards during 2019, from various recognized industry bodies as well as especially Global Finance. iGTB congratulate all the winners, including Canadian Imperial Bank of Commerce, HSBC, ANZ Bank, Santander, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Qatar National Bank, Lloyds Bank, Raiffeisen Bank, Hong Leong Bank Berhad, Arab Bank, and more.

“At iGTB, we believe that continuous innovation is the key to empower the customers become market leaders. Hence, we have been leveraging our 25 years of domain expertise and focused investments in future-embracing functional innovations as well as technologies like APIs/Open Banking and AI/Machine Learning, so that we are geared for new and changing needs of banks and end customers”, said Manish Maakan, CEO, iGTB. “We are pleased to be the exclusive sponsor for this prestigious award ceremony.”

Intellect Digital Core (IDC) adjudged Winner by Celent in ABCD Vendor View for Asia Pacific, Europe, Middle East, Africa and Latin America

Chennai (India), 9 January 2020:

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, today announced that Intellect Digital Core(IDC) has been adjudged ‘Winner’ for ‘Breadth of Functionality’ by Celent in their ABCD Vendor View for Asia Pacific, Europe, Middle East, Africa and Latin America report: ‘The Modern Core Banking Systems’.

Celent set out to award vendor platforms in the report, based on its proprietary ABCD scoring methodology – Advanced architecture, Breadth of functionality, Customer base, and Depth of service. The report surveyed market-leading core banking systems (CBSs) offered by 14 different vendors. This report is one in a series of reports covering the core systems market across the globe and includes providers in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America.

Craig Focardi and Stephen Greer, Senior Analysts, Celent said, “Intellect IDC is a strong platform choice for institutions of all sizes across the globe.” They further added, “In a relatively short timeframe, Intellect Design Arena has built a large global customer base of institutions of all sizes. It built its platform to be highly componentized and driven by flexibility in the way it implements. That also extends to its functional capabilities with a significant number of parameters and configuration capabilities for both product creation and extension.”

Designed on a formidable Digital 360 proposition, IDC 19.1 presents banks with the best of both worlds; Digital Outside translates to enhanced customer experience and the Digital Inside drives operational efficiencies. Fully compliant with current regulations across geos, the solution will empower banks to become integral to its customers across multiple segments, with faster onboarding, enhanced efficiency with complete STP and real-time reporting, and increased reach with the rapid launch of new and innovative products powered by the robust configuration engine.

Commenting on the recognition, Rajesh Saxena, CEO, Global Consumer Banking, Intellect Design Arena, said, “This is indeed a very proud moment for us. We are delighted to receive this recognition from Celent, an acclaimed Global Analyst firm. Our fully integrated cloud-ready IDC 19.1 solution supports banks to be an innovative and responsive digital Bank. Intellect Digital Core banking solution is a unique combination of product innovation, technology optimisation, contextual customer experience and lower total cost of ownership. Our robust growth strategy, backed by a strong understanding of the domain, has equipped us in steadily driving business outcomes with a collaborative approach.”

Celent report states that, “IDC is offered as a comprehensive “bank-in-a-box” system, catering to core banking requirements of the bank. This ‘bank-in-a-box’ system has modular solutions that can be chosen based on the bank’s needs and can co-exist with existing systems in the bank’s landscape. This is possible due to the componentized design and a service-oriented paradigm followed by the modules constituting the solution. They have further built about 400 microservices powered by APIs across all core banking functionalities. Progressive Modernization is one of the key elements of our proposals allowing the bank to plug in new modules as its requirements evolve.”

Commercial International Bank and Bank of Jordan awarded as ‘Country Winners’ by Global Finance Awards, 2019

Capital Sigma and Intellect’s asset servicing solutions live at both of these banks.

Sub-custodian banks are the eyes and ears on the ground for their clients in distant lands. They are local custodians who hold securities for global custodians and handle a wide range of administrative services. In the 17th year of selecting the world’s best sub-custodian banks, Global Finance honors those institutions that—safely and efficiently—provide the services that make cross-border securities investing possible.

These agent banks—with deep knowledge of local business conditions—can offer valuable advice about markets and regulatory developments. They offer a long list of administrative services: payments, corporate-action processing, proxy voting, transfer agency services, accounting and others. In many cases, sub-custodians also offer securities lending and foreign exchange.

In this years’ survey, Global Finance awards the Best Sub-Custodian Banks in seven global regions involving 82 countries.

A Proud Moment for Intellect

It is indeed a proud moment for Intellect as two of our clients – Commercial International Bank, Egypt and Bank of Jordan, Jordan were recognized as best sub-custodians and country winners by Global Finance in its recent awards ceremony. Intellect’s Asset Servicing solutions – Capital Sigma is live at both of these banks.

Intellect OneMARKETS gets on the winners’ podium at the Banking Technology Awards 2017 for Best Use of IT in Treasury & Capital Markets

Intellect OneMARKETS was short-listed for the Banking Technology Awards under two different categories – one for the best use of IT in Treasury & Capital Markets and the other for the best use of Cloud. The award ceremony which was held on 13th December at the Millennium Hotel Mayfair London, announced Intellect as a winner in the first category.

Creating customer engagement

The Republic of Turkey is going through one of its most challenging periods directly exposed to severe regional crises that are spiraling into serious geopolitical tensions. One critical area to boost the potential of the Turkish economy is the development of capital markets.

Borsa Istanbul is part of a comprehensive capital market reform program under which the exchange is to become a financial centre for the region (south-eastern Europe, North Africa and Turkey). As part of its ‘Engage the Customer’ initiative, Tacirler, one of the leading independent investment firms, is helping Borsa Istanbul revive the capital markets by engaging large corporates to invest in Turkey. Tacirler Investment partnered with Intellect to drive this large initiative, and implemented Intellect OneMARKETS.

Overcoming the challenges steadily

The focus was not on achieving volume but more on engaging investors across the spectrum, and slowly increasing the liquidity in capital market, which in turn would encourage more companies to list in Borsa Istanbul.

The biggest challenge for Tacirler was to find a solution which would cater to the varied needs across customer segments, offer investments into multiple asset classes and yet provide latency in microseconds. All these without having into invest into multiple platforms so that apart from the initial investment, the recurring cost is also kept low. Secondly while the retail segment is keen on trading through mobile apps, corporate/institutional clients demand low-latency trading.

Intellect stepped in to implement OneMARKETS, covering Brokerage, Order Management Solution that includes Risk Management System (RMS), embedded Algo Trading Engine, and Intellect OneTREASURY with the cross assets offerings.

While institutional clients could be engaged through personal interactions and low latency trading with direct market access, retail had to be engaged through aggressive digital reach. For every such implementation, the client would have to pay a recurring charge to the exchange. To overcome this challenge, the Intellect team introduced the Intellect Transaction Exchange Router (iTXR), which acts as a switch that can intuitively manage all segments through one dedicated line without compromising on latency, reliability and fault tolerance.

Tacirler was able to live upto its vision of becoming the market leader in Turkey by engaging clients across all segments.

  • Tacirler is now able to service all client segments-Corporate,Retail,HNIs through a consistent user experience
  • Able to provide mobility services to retail clients for their trading needs and latency trading to Institutions
  • Able to provide Retail and HNI clients , portfolio management services , in addition to their trading needs
  • Access to varied asset classes-Exchange Traded ,OTC and Treasury managed products in the same platform
  • An annual saving to the tune of USD 200,000 by implementing Transaction Router ( a virtual switch)

What gives Tacirler an edge over competition is that it is a ‘One Stop Investment Partner’ across client segments and asset classes!

Intellect CBX Retail Digital Onboarding wins XCelent Functionality Award from Analyst Firm Celent

Chennai (India), 25 March 2020:

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, announced that it has won the XCelent Award from leading industry analyst firm Celent, for ‘Breadth of Functionality’ in its CBX Retail Digital Onboarding platform.

Celent announced the XCelent Award in their report ‘Retail Banking Customer Acquisition Platforms-ABCD Vendor View’. Intellect CBX Retail Digital Onboarding was recognised as an ‘eXemplar’ in the functionality category. To arrive at the Breadth of Functionality scores, Celent evaluated each vendor across four areas: detailed functionality, breadth of products supported, reference client ratings and analyst’s demo rating.

In today’s experience economy, customers expect the ‘Amazon experience’ from their bank’s interface as well. A customer journey like onboarding, the first handshake between bank and customer, becomes extremely crucial in Digital Banking. Intellect CBX Retail, with its ‘5D Digital Onboarding’ platform, transforms what was so far a ‘high abandonment’ journey, into a seamless, delightful one for the customer. Banks can now enable instant account opening through eKYC, and even perform real-time customer verification with data capture using a single click. This frictionless user experience forges a strong, instant relationship between bank and customer. The XCelent awards recognise this innovation for its transformative power.

“The past two years have seen an explosion of fintech product launches in response to the manifest demand for digital customer origination and onboarding solutions” said, Bob Meara, Senior Analyst, Celent’s Banking Practice and the report author. He further added, “In the Functionality dimension, Intellect edged out its competitors for its industry-leading breadth of product support across retail and business banking lines of business, as well as functional leadership in six of the eight areas examined”.

As digital journeys become more complex, customers demand fast and frictionless service on the channel of their choice. Attracting new business and the onboarding of new customers on their channel of choice are the most critical part for any bank’s digital strategy. Intellect’s CBX Retail Digital Onboarding is a game-changer for banks and financial institutions looking to make the shift from an Omni-digital (available on multiple devices) to a truly omni-channel experience” said, Rajesh Saxena, CEO, Global Consumer Banking, Intellect Design Arena Ltd. “We’re extremely proud to stand behind the most advanced, and functionality-rich product in the market, and honoured to be recognised for our achievements by Celent.”

The XCelent Awards are designed to help financial institutions and technology providers stay abreast of industry trends by evaluating the shifting vendor marketplace and recognizing top-performing vendors. Celent developed its ABCD methodology, to offer two comparative views, first (“A” and “B”) positions vendors along with technology and functionality dimensions and second (“C” and “D”) positions vendors along client base and depth of customer service dimensions.

The Celent report states – “Overall, Intellect’s Digital Onboarding Platform boasts a modern, cloud-native, micro services-based architecture. The strength of the solution is its platform-wide step-up authentication mechanism. The solution can adjust the thresholds and weightings of a variety of variables in order to balance risk management and the UX. In addition, the platform offers financial institutions native campaign management capability to place ads within the context of their digital properties. This can be used for cross-selling as part of an application or in any other user journey once inside their digital banking application.”

HSBC has been named ‘World’s Best Bank for Transaction Services’ by Euromoney magazine’s Awards for Excellence 2018.

The annual awards, which recognise banks for their performance and quality of service, are among the most prestigious in the financial services industry.  HSBC also received two further global awards this year: ‘World’s Best Bank for Corporates’ and ‘World’s Best Bank for Public Sector Clients’.

Commenting on HSBC’s transaction services win, Euromoney said: “Over the past year HSBC has pulled together such a strong, focused senior team that their transaction banking offering has been above the rest… this really helps clients too, as everything is focused on giving them the best possible experience.”

Diane S Reyes, Head of Global Liquidity and Cash Management, HSBC, said: “This win confirms HSBC as the world’s leading global transaction bank, enabling clients to do business across borders quickly and safely.

“We continue to invest to improve the services we offer. This includes enhancing our specialist product expertise and developing technology that makes it easier for clients to do business, such as the HSBCnet mobile app. It is rewarding to see HSBC receiving global recognition for the quality of its service.”

Intellect is the proud winner of the Waters Technology Asia Awards 2020 for Capital Alpha, its enterprise brokerage solution, for best front to back office integration

The Waters Technology Asia Awards 2020 recognize excellence in the deployment and management of financial information and technology within Asia's capital market community as well as providing a unique opportunity for companies across the industry to gain valuable recognition. Intellect’s Capital Alpha has been recognized and awarded under the ‘best front to back office integration’ category at this year’s award ceremony.

Capital Alpha, an integrated front to mid to back office solution provides omni-channel trading experience for the customer through contextual trading backed by research and analytics, ensures compliance through a real time pre and post trade risk management, and increases efficiency of operations through a comprehensive back-office combining clearing & settlements, fees & commissions, corporate actions, reports and interfaces to market entities. Single platform providing access to domestic and cross-border markets with investment options across exchange traded and distributed products.

Business dimensions of trading, distribution, market news and information is provided through an integrated platform covering Order Management, Risk Management, Back-office, Research and Analytics. Omni channel trading equipped with contextual research & analytics, flexible order placements, Direct Market Access facilitating low latency trading with real time reporting and notifications for cash, stock and market rates enrich the front office capabilities. With the advent of online trading risk management cannot be an offline activity, integrated risk management is therefore critical part of the trading ecosystem. Gone are days of stand-alone back-office. An integrated back-office provides leverage to the firm to allow its investors take advantage of online position updates whether it is stock and cash. It is a feature packed product which facilitates the brokerage firms to increase the STP index and improve efficiency. More importantly an integrated back office, allows the investor position to be updated real time as and when corporate actions benefits are received in investor account. This in turn helps investors to take advantage of the market movements better. Another powerful connection of having multi-asset trading capabilities and an integrated back-office is having the investor use the same cash account to trade in multi-asset which enables moving money from trading in any asset and re-ploughing into a different asset quickly.

Business dimensions are supported through robust gateways: FIX Gateway, Settlement Integrator, Market Data, Payment Gateway, Transaction Routers and Co-location Hosting

A prominent brokerage house in Philippines wanted to modernize and revamp their securities trading business and provide online trading for local and international stocks backed by risk management and back office support. It wanted to gain a leadership position by increasing its market share and client footprint.

Capital Alpha was implemented by this brokerage house which helped them to gain prominence in the market and increase their client footprint by 10X in 3 years without any increase in operational staff.

Value delivered-

  • Marketplace model with Equity, IPO, MF along with research and analytics all at one place
  • Real time market data and rapid trading
  • Omni channel trading allowing customers to use same cash accounts across multiple asset classes
  • Increased cash and stock position leverage through front-mid-back office enterprise solution
  • Real time risk management
  • Market ready Philippines Stock Exchange certified providing ready regulatory reporting

Earlier the brokerage house won the "Online Securities Platform of the Year" award at the Asian Banking & Finance Awards, 2019. Capital Alpha helped the firm gain both top line and bottom line improvements. It catapulted their business as one of the leading brokerage houses. This transformation was made possible by providing-

The benefits accruing to the bank’s corporate clients are:

  • Platform economy – Integrated Front-To Mid- to Back office facilitated cost reduction of up to 25%
  • Market Ready-Ready Adapters to Exchanges, Clearing Houses and Depositories cutting down implementation time by 30%
  • Seamless flow-STP index >95% – Remove redundancies in processes and systems
  • Ease- Instant Account Opening, Instant Order Entry, Instant Buying power, Instant cancel/square off with real time MTM – Rapid Trading
  • Minimize risk - Central and real-time risk management and monitoring functions
Winner of the IDC FinTech Rankings Real Results Award 2019 in ‘Treasury Transformation’ category for the second consecutive year

The IDC FinTech Ranking's Real Results Awards recognizes IT providers that have enabled real, measurable, and future-enabling change at a client financial institution (bank, insurance company or capital markets firm) in the global financial services market. Submissions had been evaluated by a panel including IDC Financial Insights analysts and individuals holding senior positions at prominent financial institutions from across the globe.

"Intellect’s treasury offering, Capital Cube, won the award for ‘treasury & trade’ transformation at one of the Top 4 Banks in Australia".

One of the four major banking organizations in Australia and one of the largest banks in New Zealand, implemented Intellect’s ITTR (Integrated Treasury, Trade Finance and Retail FX) at Fiji and Papua New Guinea (PNG). A landscape of disparate solutions of more than 2 decades old was replaced by Intellect’s ITTR. The bank implemented Intellect’s ITTR to consolidate and scale up their business and to improve their foreign currency positions and liquidity management to remain competitive in the global market.

The bank was looking at a solution that could enable a consolidated view of positions and risk by removing redundant processes across multiple systems and manual interventions. This in turn would help to achieve operational efficiency and allow better client due diligence across channels.

Value delivered:

  • Single platform, real-time solution to mitigate operational, settlement and financial risk.
  • Complete automation and seamless flow leading to increased operational efficiency.
  • Integrated solution improves the efficiency of trading functions, lets the user focus on exception management and eliminate redundant manual processes.
  • Integrated Front Mid Back office treasury supporting the total trade lifecycle
  • High STP from the front office through built-in adapters, to the middle office for control and risk management, to the back office for settlement, accounting and reporting.
  • Configurable workflow management enabling flexibility in adapting to changes quickly.
  • Increased profitability enabled by real time positions, anytime P&L and market scenario tools.
  • 360 degree view across complete trade lifecycle.
  • 56 branches live supporting average 20,000 customers per branch.
  • Trade booking transactions < 2 seconds.
  • Consolidated view of data by interfacing 13+ disparate systems.

Intellect’s treasury stood out and won the award for achieving the following:

 

  • Angle of Innovation
  • Response to Market Need
  • Effectiveness of implementation
  • Market/End-User benefits
  • Business Advantages
  • Impact on Key Performance indicators

 

" The competitive advantage unique to the bank was to bring together three businesses of treasury, trade finance and retail FX on a single data model ensuring seamless data flow between these components and freeing up resources from redundant processes and efforts to concentrate on business specific activities. In the process, a major white labeling effort was also undertaken in an agile manner to help the bank achieve a throughput of 6000+ business transactions per day and real time balance sheet generation. The flexibility and advantage it gave to the bank can be measured by the ease of ability to add new branches, launch new products and reduce operational resource concentration by reducing EOD run time to <15 minutes. "

Source: https://cdn.idc.com/prodserv/insights/RESOURCES/ATTACHMENTS/Final_Rankings_2019__Real_Results.pdf?guid=1e2ca9c5-6010-411b-9df9-ff789406acdd

BDO Nomura Securities wins the ‘Online Securities Platform of the Year’ award at Asian Banking & Finance Retail Banking Awards, 2019.

With the rapidly changing technologic landscape, Retail and Institutional brokers and investors expect trading platforms to offer superior trading experience across multiple devices, seamless connectivity to multiple stock exchanges with enhanced customization capabilities and low turn-around and implementation time.

The Asian Banking and Finance Retail Banking Awards function 2019 was held on the 18th of July, 2019 in Singapore. The event recognized outstanding banks that have introduced ground breaking products and services that successfully adapted with the rapidly evolving technology landscape by way of innovation, effectiveness, impact and dynamism.

A Proud Moment for Intellect

Our client – BDO Nomura Securities took to the winners’ podium at Asian Banking & Finance Retail Banking Awards 2019 and was honoured with the ‘Online Securities Platform of the Year’ Award.

Intellect implemented its Capital Alpha solution at BDO Nomura , which is the online securities trading platform that BDO’s clients use to trade online in Philippines Stock Exchange.

While the need for brokerage firms is to find seamless synergy across "Digital In” and "Digital Out" experiences, the challenge that BDO Nomura faced was to find one single product which can support the needs and demands from investors, operations and regulators on an unified platform . Capital Alpha is a “Broker-In-A-Box” solution which provided BDO Nomura,

  • Omni-channel trading experience for the investor through contextual trading backed by research and analytics
  • Ensuring compliance through a real time and integrated pre and post trade risk management , and
  • Increased efficiency of operations through a comprehensive back-office combining clearing & settlements, fees & commissions, corporate actions, reports and interfaces to market entities.

The integrated solution has helped BDO Nomura Securities propel its business to the next level as the client is galloping towards a 10X growth in the next three years.

Value Delivered to BDO Nomura:

  • Rapid increase in customers on-boarded from 10,000 to 200,000 in 2.5 months
  • Speed of reacting to market events faster
  • Ease and speed of placing orders through omni-channel trading and a UX built for accelerated order placement
  • Contextual Research and a large set of analytics driving trading activity
  • Instant on-boarding of Customers

BDO Nomura Securities winning this award is a milestone for us in our APAC journey. It strengthens our market position as a certified solution provider and lends credence to the fact that we are in the right direction in our vision to offer the best-of-the-breed products to the business community at large.

Intellect Distribution And Service Suite 3.0 wins esteemed Life Insurance International Award

Piscataway, USA and Chennai, India – November 20, 2018 – Intellect SEEC, the insurance software division of Intellect Design Arena was presented the Digital Innovation of the year award for its Intellect Distribution and Service Suite 3.0 from Life Insurance International. The Life Insurance International Awards celebrate the best in life and health insurance innovation from around the world and act as a benchmark for excellence.

Intellect Distribution and Service Suite 3.0 is a comprehensive software that delivers exponential results across new business and servicing operations in Life, Wealth, Pensions and Annuities for the advisor, customer service representative and direct-to-customer channels. With this AI-powered platform, advisors, contact centre representatives and customers can engage and transact seamlessly across devices in real time and out-of-the-box. Intellect Distribution and Service Suite is a 100 percent cloud-native offering. It consists of cloud solutions, RPA and a chatbot that enable cost-efficient operating models and better customer engagement with analytics, big data and AI for insurers. “We created the Distribution and Service Suite to challenge the notion that insurance companies cannot excel at digital strategy or create addictive user experiences. We have now walked this talk by delivering incredible results for our clients like LIC in India,” said Pranav Pasricha, CEO, Intellect SEEC. “Whether it’s working with insurers to go-to market quickly, reducing their technology obsolescence or helping them get atop a single platform for all distribution and servicing needs, the product has been delivering value on all fronts. This award from Life Insurance International is a great source of industry encouragement for our teams.” Patrick Brusnahan, Editor of Life Insurance International, said: “The awards this year have shown a clear dedication from the insurance industry to improve itself. Digital has made a huge impact this year, with AI and big data utilised in many of the winning nominations. Firms embracing change have been rewarded with greater customer engagement, improved annual results, and more.”

Intellect Risk Analyst bags the prestigious American Business Award

Piscataway, USA and Chennai, India – June 5, 2018 – Intellect SEEC, the insurance software division of Intellect Design Arena was presented with the esteemed Silver Stevie® Award. It bagged the silver award in the New Product or Service of the Year - Software - Big Data Solution category in the 16th Annual American Business Awards®.

Intellect Risk Analyst is a machine learning and big data based risk management platform that has been tailored for commercial insurance. It is the most advanced underwriting risk assessment tool in the industry. It applies highly advanced multiple disciplines of artificial intelligence and line-of-business-specific underwriting rules and risk predictors to thousands of data sources and deep web searches. The result is a highly intuitive and interactive dashboard that summarizes everything an underwriter, analyst, actuary or an agent needs to know about a risk within minutes.

“In 2014, we donned the pioneer’s hard hat to figure out how big data and machine learning technologies could be implemented to transform risk assessment, and the result was Risk Analyst. Winning the Silver Stevie® Award is a great source of encouragement,” said Pranav Pasricha, CEO, Intellect SEEC. “The only way to holistically assess a risk is to automatically assess the entire digital footprint of a business, sourced not just from structured but also unstructured sources including new age streaming sources like IoT. The industry is just about beginning to realize the significant implication on underwriting and loss ratio impact of this. From our initial implementations, we can confidently say we can increase underwriting efficiencies by 70 percentages and reduce combined operating ratio (COR) by two to four percentage.”

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