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.

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/

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

Intellect recognised as a ‘Global Pursuer’ and a ‘Global Player’ in 2017 Global Banking Platform Deals Survey

Independent Research Firm positioned Intellect amongst Global players in the Global Banking Platform Deals Survey

Chennai (India) , 13 April 2017 :

Intellect Design Arena Ltd a digital financial technology product provider for the banking and insurance, today announced that it has been acknowledged as a ‘Global Pursuer’ for new named deals and a ‘Global Player’ for combined deals in the Global Banking Platform Deals Survey 2017 by Forrester Research, Inc. Intellect is recognized in the global categories for its counted banking platform deals this year by Forrester Research Inc.

Forrester surveyed 29 participating technology vendors of globally and regionally deployed banking platforms about their 2016 deals in the April 2017 report subtitled ‘Banks start investing in True Digital Banking, investment patterns broaden, and the market continues to consolidate’. The report analyzed the functional focal areas of the deals and shows which vendors were able to enhance their market footprint.

The 2017 survey report revealed differing levels of vendor success in terms of the ability to expand their market footprint by attracting new customers i.e. new named deals and the ability to continue creating value for their customers i.e. combined deals. Forrester sorted the participating vendors into the five levels of global vendor pyramid for new named deals and for combined deals. Intellect has been positioned as a “Global Pursuer” with 23 New Named deals in more than three regions. Additionally, Intellect has also been positioned as a “Global Player” with 46 Deals in more than three regions in the Combined Deals category.

Commenting on the recognition, Arun Jain, Chairman & Managing Director, Intellect Design Arena Limited said, “As financial institutions are grappling with the challenges of increasing revenue on one hand, and cost reduction on the other, Digital provides new solutions to address these challenges. Intellect’s True Digital 360 degree approach to Digital has gained good traction over the past year, amongst the financial institutions in advanced as well as emerging markets. We believe this recognition from Forrester vindicates our commitment to providing advanced digital experiences, powered by our customer centric design philosophy.”

Forrester reports that the banks continue to invest in directly customer-facing capabilities. They continue to show more interest in functionality in areas such as channel solutions and customer data/party management. However, investment patterns have become more balanced, with transactional capabilities such as core banking again on the rise. It also reports that more banks are accepting the need for True Digital Banking to rebalance their transformation investments.

About Intellect Design Arena Limited:

Intellect Design Arena Ltd., a digital technology product solutions provider to the banking and insurance industry, across global consumer banking (iGCB), central banking, global transaction banking (iGTB), risk, treasury & markets (iRTM), and insurance (Intellect SEEC). 8012 FinTech Design Center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformations. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, function and technology experts, with a presence in global financial hubs around the world and supported by design centers. Please visit http://www.intellectdesign.com/

Disclaimer:

Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of the SEBI at www.sebi.gov.in as well as on the website of the Lead Manager at www.sparkcapital.in  Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section entitled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.

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].

 
Intellect #2 in the world of Digital Banking

Chennai (India) , 17 May 2017 :

Intellect Design Arena Ltd, a digital technology product provider across Banking, Financial Services and Insurance, is ranked #2 in the Digital Banking & Channels in the world by IBS Intelligence in their IBS Annual Sales League Table 2017 among 17 FinTech suppliers across the globe. IBS SLT is the acknowledged barometer for international banking systems sales activity for the last 16 years.

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets. IBS SLT 2017 highlights the growing role of emerging markets in shaping global banking technology demand and the rise of neo-banks along with the changing dynamics in the fintech industry.

Commenting on Intellect’s performance, IBS said, “Two systems of Intellect Design Arena – Intellect Digital Core and Intellect Payments – took leadership position in the IBS’ Sales League Table 2017 in the Retail Banking Systems and Payments Systems categories, respectively. Intellect Design also took runners up position in the Digital Banking Systems category with its Intellect Digital Banking Exchange system. All three systems are now part of the IBS SLT 2017 Leadership Club.”

Digital disruption is redefining the banking experience. Financial institutions around the world are embracing digital for competitive advantage. According to an industry report ‘Digital can transform the business of banking, with the potential to drive up return on equity (ROE) by more than 5 percent for both mature or emerging market banks.’ Today banks are increasingly looking beyond traditional back office technologies and are increasing their investment in the mobility, payments and analytics, a growing trend which was showcased in this year’s IBS SLT 2017.

Commenting on the ranking, Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “We are delighted to see Intellect ranked #2 in Digital Banking & Channels in IBS SLT 2017. This recognition has provided the right kind of tail winds for our journey. Digital has re-defined the banking services, robust technology platforms are becoming the enablers in providing superior customer experiences. Big Data, Block chain and Artificial intelligence (AI) will be the drivers in FinTech in the coming years. We would like to thank our customers for their trust in us and making us part of their Digital Transformation journey.”

About IBS intelligence and IBS Sales League Table:

Established in 1991, IBS Intelligence (www.ibsintelligence.com) (www.ibsintelligence.com) is the definitive source of independent news, analysis & research relating to global financial technology markets. IBS has an integrated offering including a comprehensive research portfolio, and a range of value added services. This also includes its iconic monthly publication – IBS Journal and the Annual IBS Sales League Table. IBS’s Value-Added-Services include Analyst Inquiry Blocks, Advisory Days, Thought Leadership Papers, IBS DealVision, which enables users to slice and dice Global Banking System Deals and an innovative CedarIBS FinTech Index – the first global index of FinTech stocks. IBS has designed customized offerings for banks, suppliers, consultants and private equity funds that can be further fine-tuned to address client needs.

The Annual IBS Sales League Table, an important part of the IBS Journal offering is universally acknowledged as the barometer for international core banking systems sales activity. The table is compiled each year from submissions from each supplier detailing the names of the banks that have bought their systems in the year.

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/

Arun Jain awarded Visionary of India award by NexBrands Inc.

Vision. Perseverance. Empowerment – these three words stand testimony to Arun Jain, the man who created globally competitive financial technology products out of India. NexBrand Inc in support by FICCI, feted the entrepreneur with the ‘Visionary of India’ on 20th February at Brand Vision – India 2020 Summit & Awards 2014-15

Arun was honoured for his excellent work in the industry for making a difference in totality & striving hard to attain peak & sustaining economy to grow as a superpower status. A man with a grand vision indeed, he believes the next Silicon Valley phenomenon will come out of India, powered by an IP led $100 billion product business, in the next ten years. Arun expressed that the dual thrust of Design Thinking and Risk Taking will propel India Inc. forward on the global stage.

UnMail wins the IDC Insights Award 2015 for Excellence in Innovation

A force multiplier that communicates and collaborates internally, driving progressive digital transformation across organizations

 

Chennai (India) , 19 February 2016 :

 

UnMail, Enterprise Social Network’ (ESN) solution of Intellect Design Arena Ltd, received its 14th consecutive award at IDC Insights Award 2015 under the Excellence in Innovation category. The award has been conferred for its innovativeness in enabling digital transformation across enterprises, holistic collaboration and unified communication.

International Data Corporation (IDC), a premier global provider of market intelligence, advisory services, and events, honour the business and IT leaders who envisaged, conceptualized, and successfully executed a Technology Implementation at IDC Insights Awards.

The awards are curated to recognize the outstanding contributions of those CIOs and Business Leaders whose work is directly impacting competitive advantage, revenue growth and profitability through the leverage of technological and digital tools and methods. Appreciating the same, IDC recognizes CIO success through 6 categories of awards which include Excellence in Innovation, Transformation, Customer Experience, Supply Chain Management, Employee Engagement and Social Impact.

On being felicitated with the prestigious award for Excellence in Innovation, Shashi Mohan, EVP, Business Head – Enterprise Social Network (UnMail), CTO & CIO Intellect Design Arena Ltd said,“ We are delighted to be recognized by IDC for a product that has been designed with proven and advanced innovative technology to meet the industry needs in the current dynamic digital era. UnMail is the first of its kind functional enterprise collaborative social platform that focuses on working effectively by enhancing collaboration, leveraging inherent knowledge and improving overall productivity and performance of the employees. Utilizing UnMail we have been able to spot trends, provide information to the employees in context, and leverage the wisdom of the organization to rapidly complete goals and surface previously hidden pockets of valuable information.”

UnMail won the award for demonstrating top 3 business drivers:

  • Eliminating fragmentation and scatter of information & knowledge and preventing inefficiencies of information management
  • Solving problems with version control of documents sent via e-mail and duplicates of data at recipients end
  • Unlocking the information inside the inbox to generate meaningful business insights

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 Management (iRTM), and Insurance (Intellect SEEC). With over 20 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. With over 200 implementations, the company’s performance is driven by over 3,000 Intellect solution architects, domain and technology experts, with a presence in major global financial hubs around the world and fully supported by design centers in multiple geographies serving as centers of innovation, collaboration and digital transformation, please visit http://www.intellectdesign.com/

Intellect wins ‘Technology Provider of the Year’ Award at Central Banking Awards 2015

Recognised for its work in upgrading core systems of central banks across the globe helping them modernise their operations and reducing complexity, the jury was impressed with the post deployment success and efficiency of Intellect’s Quantum Central Banking Solution (QCBS) at the Reserve Bank of India (RBI) and other central banks across the world.

 

Chennai (India) / Jersey City (USA) / Toronto (Canada) , 21 January 2015 :

 

Intellect Design Arena Limited (a Polaris Group company), the world’s first full-spectrum banking products company, has been declared ‘Technology Provider of the Year’ at the Central Banking Awards 2015. Recognised for its work in upgrading core systems of central banks across the globe helping them modernise their operations and reducing complexity, the jury was impressed with the post deployment success and efficiency of Intellect’s Quantum Central Banking Solution (QCBS) at the Reserve Bank of India (RBI) and other central banks across the world.

Centralbanking.com also conferred Raghuram Rajan, RBI Governor the ‘Governor of the Year’ award and the Reserve Bank of New Zealand the ‘Central Bank of the Year’ award. The awards will be presented at a ceremony in London on March 12, 2015.

Speaking on the occasion, Jaideep Billa, CEO, Global Consumer Banking, Intellect Design Arena Limited, said“Intellect QCBS – a robust and innovative solution, has proven and flexible business components under a single high-performance architecture that supports central banks with risk-free progressive modernisation. The power of QCBS is evident in its track record across three continents – Asia, Africa and Europe. This award reinforces our commitment to transform and empower financial institutions at different stages of technology deployment.”

Intellect has worked with central banks in countries as diverse as Ethiopia, the Seychelles, and most recently, Sweden. Intellect won a competitive tender process in 2014 to upgrade the Sveriges Riksbank’s collateral management system. QCBS deploys a formidable array of advanced technology frameworks including Extreme Account Posting (XAP), Run Time Re Use (RTRU), and Look Ahead Processing (LAP) technologies.

QCBS is designed to enable the system to be benchmarked successfully for over 100 million transactions per day. Running active balance sheets for nations on real-time enterprise general ledgers enables fully automated real-time view of all the government department balances, automatic surplus and deficit management, and removing the need for any manual reconciliation. The solution designed enables the creation of the Annual Financial Statement in real-time against days it took in the past.

QCBS has a proven track record for low risk, fast and cost efficient implementation. The range of functionalities provided in a modular framework enables QCBS to replace multiple systems thereby achieving complexity reduction.

Arun Jain, Chairman & Managing Director, Intellect Design Arena Limited, said, “We are privileged to partner with central banks around the world as they become more proactive in meeting the challenges in the global economy. Intellect Quantum Central Bank Solution is a product reflecting the ethos of the company – Design thinking and Complexity Reduction. This award recognises our deep thought backed by thorough execution confirming our leadership in financial technology.”

The Award is one of 15 established by Central Banking Publications, to recognise excellence in serving the central banking community and contribution to public service.

Drawing on 25 years of independent and informed reporting, analysis and comment, the Central Banking Awards were judged by a panel made up of the Central Banking Editorial Team and Editorial Advisory Board, comprising former senior central bankers from around the world.

To know more about the Central Banking Awards 2015:

About Intellect Design Arena Ltd.

Intellect Design Arena Ltd, a Polaris Group company, is the world’s first full-spectrum banking products company with rich Intellectual Property developed over 25 years of deep banking domain experience, and the FT 8012 Design Centre, the world’s first design centre for financial technologies. Intellect’s products are built on the iDigital Platform with a range of products across:

  • Global Consumer Banking (iGCB) : Core Banking; Loan Servicing; Debt Management; Loan Origination; Collateral & Limit Management; Wealth; Financial Advisor; Cards; Omnichannel; Payments
  • Risk & Treasury Management (iRTM) : One Treasury; Basel III with Zf Risk Visualisation; Brokerage; Mutual Fund Exchange; Custody
  • Global Transaction Banking (iGTB) : Corporate Banking Exchange; Customer Onboarding; Payments Services Hub; Receivables Management; Cash Management; Liquidity Management; Funds Control; Trade Finance; Supply Chain Finance; Treasury
  • Insurance (intellectSEEC) : Distribution(Agent Workspace; Service & Distribution Exchange; Customer Distribution Exchange); Underwriting (Underwriting Workstation); Claims (Claims; Life Claims in the Cloud); Business Apps (Needs Analysis; Quote; e-App; Product Configurator); Business Component Software ( Business Component)

The Intellect iDigital Platform and suite of specialist products addresses the needs of financial institutions in varying stages of technology adoption and intelligent integration of legacy systems. And enables progressive digital transformation of banks for ever greater operational efficiencies, while being relevant and available across all forms of engagement: whether mobile, tablets or laptops. At the heart of this digital transformation that Intellect enables are the Operations Hubs for banking processes, and the Apps Vault for customer engagement and experience. Intellect generates annual revenues of over $100 mn from product installations in 30 countries across 200 customers. The company’s performance is driven by over 3,000 Intellect solution architects, domain and technology experts, with a presence in major global financial hubs around the world. For further information on the organization and its solutions, please visit http://www.intellectdesign.com/

Intellect wins two XCelent Awards for Advanced Technology and Breadth of Functionality

Intellect Design Arena Limited’s iGTB division, provider of the world’s first complete Global Transaction Banking platform, are delighted to announce that Celent, a research and consulting firm, has awarded iGTB’s Receivables Management & Corporate Banking eXchange (CBX) with XCelent Awards in the “Advanced Technology” and “Breadth of Functionality” categories.

 

Chennai (India) , 29 January 2015 :

 

Intellect Design Arena Limited’s iGTB division, provider of the world’s first complete Global Transaction Banking platform, are delighted to announce that Celent, a research and consulting firm, has awarded iGTB’s Receivables Management & Corporate Banking eXchange (CBX) with XCelent Awards in the “Advanced Technology” and “Breadth of Functionality” categories. The awards were announced by Celent in their recently published report titled, Integrated Receivables Vendors: Celent ABCD Vendor View.

The XCelent Awards are based on Celent’s ABCD Vendor View, a framework used for evaluating technology solutions. Vendor scores were determined through RFIs, customer reference surveys and interviews which provided quantitative as well as qualitative data.

In the Advanced Technology category, Intellect distinguished itself for its J2EE-layered architecture, SOA-based integration layer, user interface design, and its mobile use case support.

iGTB’s Receivables Management Solution comprises two components, a Receivables Services Hub and Corporate Banking eXchange (CBX) portal. Receivables Services Hub is a web-based workflow driven receivables management platform which automates the complete lifecycle of invoices and payments and helps organize account receivables of corporates. The solution provides direct integration with different initiation channels such as post, lockbox, fax, email, and online banking. This enables seamless data connectivity between banks and their customers for a richer customer experience.

“The most distinctive feature of iGTB Receivables Management is its extensive use of analytics and role specific dashboards to provide actionable insight,” commented Bob Meara, senior analyst with Celent’s banking practice and coauthor of the report. “Most solutions automate resolving exceptions without addressing their reoccurrence. iGTB Receivables Management helps eliminate them.”

For the Breadth of Functionality category, Intellect distinguished itself for mobile support, multi-country support, rich portal functionality, broad payments, and remittance channel integration and the most capable analytics, reporting, and alerts platform.

Corporate Banking eXchange – The Portal solution for iGTB Receivables Management (CBX – Receivables Management) allows banks’ corporate customers to view their consolidated receivables along with the remittances made through various payment modes. The solution offers electronic invoice presentment and payment (EIPP) allowing customers to present invoices electronically and manage all aspects of adjudication. CBX uses an App Store-based model and widget technologies based on IADT3 principles.

Receivables Management is a modular, highly configurable platform based on modern service-oriented architecture. Its client cash management portal, CBX, is flexible, refined, and insight rich. It cleanly integrates role-based receivables management capability into the larger suite of multilingual and multicurrency treasury management solutions. Because the solution has native EIPP capability, it offers dispute management that would not otherwise be possible, thus improving STP rates.

Commenting on the report, Arun Jain, Chairman & Managing Director, Intellect Design Arena said, “This award proves Intellect’s deep expertise in building the world’s best products for the financial sector in cutting edge Digital technology space.”

He added, “The credit for such achievement goes to the deep expertise of Intellect’s R&D team that remains committed to the vision of building superior financial technology solutions over the past 10 years. The team has made me proud and has vindicated my belief in India and its capability to apply design thinking.”

1” Integrated Receivables Vendors: Celent ABCD Vendor View, by Jean-Marie Ubigau, Bob Meara, January 2015.

About Intellect Design Arena Ltd.

Intellect Design Arena Ltd, a Polaris Group company, is the world’s first full-spectrum banking products company with rich Intellectual Property developed over 25 years of deep banking domain experience, and the FT 8012 Design Centre, the world’s first design centre for financial technologies. Intellect’s products are built on the iDigital Platform with a range of products across :

  • Global Consumer Banking (iGCB) : Core Banking; Loan Servicing; Debt Management; Loan Origination; Collateral & Limit Management; Wealth; Financial Advisor; Cards; Omnichannel; Payments
  • Risk & Treasury Management (iRTM) : One Treasury; Basel III with Zf Risk Visualisation; Brokerage; Mutual Fund Exchange; Custody
  • Global Transaction Banking (iGTB) : Corporate Banking Exchange; Customer Onboarding; Payments Services Hub; Receivables Management; Cash Management; Liquidity Management; Funds Control; Trade Finance; Supply Chain Finance; Treasury
  • Insurance (intellectSEEC) : Distribution(Agent Workspace; Service & Distribution Exchange; Customer Distribution Exchange); Underwriting (Underwriting Workstation); Claims (Claims; Life Claims in the Cloud); Business Apps (Needs Analysis; Quote; e-App; Product Configurator); Business Component Software ( Business Component)

The Intellect iDigital Platform and suite of specialist products addresses the needs of financial institutions in varying stages of technology adoption and intelligent integration of legacy systems. And enables progressive digital transformation of banks for ever greater operational efficiencies, while being relevant and available across all forms of engagement: whether mobile, tablets or laptops. At the heart of this digital transformation that Intellect enables are the Operations Hubs for banking processes, and the Apps Vault for customer engagement and experience.

Intellect generates annual revenues of over Rs.550 Crore from product installations in 30 countries across 200 customers. The company’s performance is driven by over 3,000 Intellect solution architects, domain and technology experts, with a presence in major global financial hubs around the world. For further information on the organization and its solutions, please visit www.intellectdesign.com

Polaris bags ‘Best Implementation of Green IT’ Award at National IT Leadership and Excellence Award ceremony

Polaris was awarded the ‘Best implementation of Green IT’ award at the National IT Leadership and Excellence Award ceremony by the Asia Outsourcing Congress. Through this award, Asia Outsourcing Congress recognizes Polaris for taking the impactful effort in reducing harmful effects on the environment and in creating a green and sustainable IT ecosystem.

 

Chennai (India) , 16 July 2014 :

 

  • Green initiatives taken up over the years wins Polaris ‘Best Implementation of Green IT’
  • Implementing strategic Green IT initiative reduces carbon emission and operational costs

Polaris Financial Technology Limited, a leader in financial technology products, solutions and services that enable unprecedented operational productivity for the global Financial Services, was awarded the ‘Best implementation of Green IT’ award at the National IT Leadership and Excellence Award ceremony by the Asia Outsourcing Congress. The grand ceremony was held at Malabar, Taj Lands End, Bandstand, Bandra (W), Mumbai.

The National IT Leadership & Excellence Awards is a benchmark to recognize excellence throughout IT industry. The award focuses on the contribution of Individuals, Projects, and Organisations that have excelled in the use and development of IT. Through this award, Asia Outsourcing Congress recognizes Polaris for taking the impactful effort in reducing harmful effects on the environment and in creating a green and sustainable IT ecosystem.

Polaris was given this award for its consistent efforts on direct power reduction and for reducing carbon emission amounting to over 3517 tons. For easier comprehension, this equates to the effort of planting 17585 trees per annum.

Polaris is focused on Go Green in all aspects of IT, from procurement to operations to all the way to disposal, and all the stages in between. Out of many ways we enable Go Green, below are some of the unique and/or most effective ways

  1. Polaris shuts down its two unused servers over the weekend to improve data center energy efficiency and to drive its green initiatives forward. Less power consumption results in reduction of carbon emission, and heat output. This reduces carbon emission on a regular basis and helps in protecting the environment.
  2. Polaris promotes Video Conferencing (VC) within the organisation and with clients across the globe. This initiative saves the energy spent on travelling and associated costs.

The economic gain that Polaris accrues due to its Green IT initiatives enable approximate savings of INR 6 crores per year on power and travel costs.

Receiving the award, Shashi Mohan, CIO and CTO, Polaris Financial Technology Limited said, “We are delighted to receive the ‘Best Implementation Green IT award’ as a part of our effective green initiatives implemented. Most organisations replace old RISC based servers and initiate server visualisation as part of their ‘Go Green’ initiatives in their data centers. These basics are now into Polaris’ DNA. We, in Polaris, started a very unique way of Go Green by ‘Weekend Shutdown of the unused Servers: switch off the lights, the ones not needed and when not needed’. We strongly believe in the advantages of Video Conferencing and propagate the same, within the organisation, and, with our customers. This has enabled us to reduce unnecessary travel across locations.”

About Polaris Financial Technology Ltd:

Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. With over 25 years of expertise in building a comprehensive portfolio of products, smart legacy modernization services and consulting, Polaris owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect Global Consumer Banking (iGCB) M180. Intellect is the world’s first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Its acclaimed products, solutions and services enable unprecedented operational productivity for the global Financial Services Industry by Building, Maintaining, Expanding and Extending highly complex and Integrated Financial Technology Infrastructure.

This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of the top 10 global insurance companies. The company has a global presence through its 40 relationship offices across 30 countries, 6 international development centers and 8 fully owned Business Solution centers. Polaris has a talent strength of over 11,500 solution architects, domain and technology experts.

For more information, please visit http://www.polarisFT.com/

Polaris Wins the Data Security Council of India Excellence Award 2013

The Data Security Council of India (DSCI) has named Polaris as the winner of the 2013 DSCI Excellence Award in Security in IT Services (Large) category. The award was given in recognition of Polaris‟ excellence in the area of Information Security and for establishing innovative security processes for its corporate clients.

Polaris wins three Asian Banker Technology Implementation Awards

Polaris has won three very prestigious awards at the Asian Banker’s Summit held in Jakarta. The annual Asian Banker Summit is Asia’s largest and most prestigious gathering of decision makers from financial services around the region and the world. The event witnessed panel discussions, conferences and presented an immense networking opportunity for participants.

Polaris received the following awards for the categories below

  • ADCB (Abu Dhabi Commercial Bank) and PolarisFT wins Best Lending Platform Project Award for 2012 
  • RBI (Reserve Bank of India) and PolarisFT wins Best Central Bank technology Project Award for 2012 
  • Saigon Hanoi Bank and PolarisFT wins Best Cross Border Core Banking Project for 2012 
Polaris FT ranked again in 2011 FinTech 100

Polaris is featured in the top 100 companies worldwide providing services to the financial sector at a rank of 38 worldwide. This list is published by American Banker and research firm Financial Insights. The FinTech 100 is an annual international listing of the top technology vendors that derive more thana third of eligible revenue from the financial services industry.

Arun Jain – A Pathfinder!

It was another feather in the Polaris cap, as Arun Jain – Chairman & CEO, was featured in Pathfinders, a coffee table book initiated by The Times Group, that lauds the achievements of extraordinary personalities in the IT and ITES industry. Dr. K Rosiah – Governor of Tamil Nadu, unveiled the first copy of the book on 28th September at Pathfinders 2011, an event held to honor the most prominent individuals in the field. The book stated, “Encouraging dreams, enthusiastic about creating, striving to make a difference, setting seemingly unattainable goals…Polaris FT Lab Limited, in more ways than one, has been created in the image of its affable and resolute Chairman & CEO, Arun Jain.”

Polaris FT ranked again in 2010 FinTech 100

Polaris is featured in the top 100 companies worldwide providing services to the financial sector at a rank of 43 worldwide (Revenue from Financial sector basis). This list is published by American Banker and research firm Financial Insights. The FinTech 100 is an annual international listing of the top technology vendors that derive more than a third of eligible revenue from the financial services industry.

Polaris Financial Technology Limited, ranked 4th amongst Indian IT companies in 2009 FinTech 100

Polaris ranked 4 (amongst Indian Companies) and 39 worldwide (Revenue from Finacial sector basis) in the top 100 companies worldwide providing services to the financial sector. This list is published by American Banker and research firm Financial Insights. The FinTech 100 is an annual international listing of the top technology vendors that derive more than a third of eligible revenue from the financial services industry.

Arun Jain wins the Indo-Asean Business Initiative Award 2008

At a glittering evening in Singapore’s Hotel Regent, Arun Jain, Chairman and CEO, was awarded the Indo-Asean Business Initiative Award 2008 in recognition of the spirit of business excellence that he exemplifies. Winners were selected by the Federation of Indian Export Organisations (FIEO), and the awards were handed out in the categories such as tourism, education and the information technology-enabled sector. 15-20 Indian IT companies were short-listed and Polaris emerged the winner.The award was presented by Dr. S Jaishankar, High Commissioner, High Commission of India in Singapore in the presence of Mr. Aloysius Arlando, Asst. Chief Executive, Singapore Tourism Promotion Board and Mr. Syed Zakir Ahmed, CMD of ZAK Trade Fairs.

In his acceptance speech, Arun dedicated the award to the global presence of the 10,000 strong Polarites who helped make this happen

Polaris Shows Success That Goes Beyond The Main Banking Platform Functionality;

Forrester in its report Global Banking Platform Deals Vendors: 2006 states that: India’s Polaris FT Lab won a total of 12 new banking platform customers with its Intellect Suite in 2006. In addition, Polaris enjoyed a further 19 deals in 2006 that did not count under the rules of our survey. Half of Polaris’ 12 deals are located in Asia Pacific, while North America, Europe, and the Middle East saw two deals each. The functionality of the counted deals included lending, credit origination, and credit management. The deals that could not be counted covered functionality like pure card and cash management projects.

Polaris has joined the Global challengers list becoming part of the group of key global players. All of them have sold a comparably homogeneous banking platform product line to at least four regions of the world.

Intellect Suite, a comprehensive, modern, flexible enterprise solution comprising seven major banking application platforms across Retail, Corporate and Investment Banking. It is the first pureplay SOA based application suite for BFSI players, desinged to enable quick response to business requirements while at the same time easing the process of modernizing legacy platforms

Polaris’ Intellect Treasury wins The Banker Capital Markets Projects Award

Each year, The Banker’s Technology Awards gathers more than 300 entries covering all regions from Asia, America, Europe and the BRIC economies. The variety of entries has demonstrated that banks worldwide are rising to the twin challenges of meeting customer demands and regulatory requirements by implementing new solutions and innovating across channels and markets.

The awards recognise these successes and identify the most likely technologies that banks should be watching carefully for the next year.

This year, Intellect Treasury from Polaris has won the The Banker Capital Markets Projects Award.

Over 24 months, Intellect Treasury replaced the more than 20 year old platform of 27 European Risk Treasury branch systems of Citi. The project was completed by October 2006, with all replacements made on time and to budget. In addition, the systems incorporated 43 enhancements, which was double the number anticipated, and the judges were impressed by the size and breadth of the project.

Intellect Treasury is an integrated front, middle and back office system that is web–enabled and manages the entire treasury process from deal capture to accounting to final settlement.

Intellect Treasury is part of Intellect Suite, a comprehensive, modern, flexible enterprise solution comprising seven major banking application platforms across Retail, Corporate and Investment Banking. It is the first pureplay SOA based application suite for BFSI players, designed to enable quick response to business requirements while at the same time easing the process of modernizing legacy platforms.

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