Vol 17
Intellect Edge
Foreword
Design Thinking for Digital and Cognitive Enterprise
eMACH.ai brings Customers, whether Retail, HNI, SME, or Corporate, to the centre and looks at what events happen when they need financial services. Intellects eMACH.ai Technology leveraged the smartness of the Cloud to design a Banker’s own composable starting from an Event designer, ready to use deeply rich functional Microservices and a score of APIs on Cloud Headless. When we combine these four principles, it creates a magical name for our Technology eMACH—events, Microservices, APIs, Cloud, and Headless.
We celebrated eMACH.ai‘s first anniversary with 329 functional, rich, and technologically independent Microservices, up from 285 last year. We celebrate wiring 535 events using 1757 APIs for Designing a Composable Experience by our bankers or partners.
As we reflect on the journey thus far, we are deeply grateful for the invaluable contributions of Intellect’s research team and associates, whose collective efforts have been instrumental in shaping the success of eMACH.ai.
Warm regards
Arun Jain
eMACH.ai empowers banks with 329 Microservices, 1757 APIs and 535 Events, enabling them to design future-ready technology solutions
This suite of First Principles Technology keeps a bank’s customer in focus, be it Retail, HNI, SME, or Corporate, the events in their financial journey, or events created by bank operations or events generated by regulators and compliance. Financial institutions orchestrate their offerings based on these events to ensure customer satisfaction and regulatory compliance. This orchestration is done using a well-defined set of self-sufficient services referred to as Microservices in the tech community.
From left to right – Shishir Jha – SVP, Sales Client partner, iGTB, UAE; Lalit Motwani– SVP, Regional Head Sales, iGTB, Middle East Region; Yasar Yilmaz– Global Industry Advisor, FSI, Microsoft Worldwide Industry Black Belt Business Unit; Sanjeeb Chaudhuri – Growth Advisory Board, iGCB; Osama Ben Saleh Bukhari – CEO, Alfaris International Group – Head of Banking Committee, ICC Saudi Arabia; Arun Jain – CMD & Chief Architect, Intellect Design Arena; Zulfiquar Sulaiman – Ex Advisor, Central Bank of the UAE, Seasoned Banker, Board member – subsidiary of CBUAE and remuneration and nomination committee, Consultant; Srinivasan Sampath – Acting Group Chief Technology Officer at First Abu Dhabi Bank (FAB); Nitin Bhargava – COO, Al Masraf Bank; Ramakrishnan Viswanathan – senior Partner, Cedar Management Consulting International; Rajesh Saxena – CEO, iGCB; Amit Gupta – Executive Vice President, Partner, COO & Co-Head, iGTB
To provide complete services from approval to credit decisioning to risk compliance to regulatory reporting, corporate banking ecosystems like liquidity, payments, cash management, virtual accounts, SME lending, Corporate DDA and trade & supply chain finance, these Microservices must collaborate with other services. According to the tech fraternity, the agreed protocol of defined agreement with other services is called API – Application Programming Interface. These Events, Microservices and APIs deployed on a native Cloud environment, deliver a seamless experience, either through the feature-built UI/UX or Headless, where financial institutions can create their UI/UX based on their unique requirements. With embedded AI for operational efficiency and smart decisioning, eMACH.ai is the most comprehensive ‘First Principles’ Technology addressing the current and future needs of any Financial institution. Read more
Spotlight
IIM-Calcutta signs Institutional Partnership with School of Design Thinking and Mission Samriddhi to strengthen Design Thinking focus in the Academic curriculum
- SoDT will be the partner for IIMC in the application of Design Thinking across multiple domains by using its proprietary “Design The Thinking® mindset approach as a prerequisite for problem-solving and innovation.
- Mission Samriddhi will collaborate in the areas of community-impacting social initiatives and projects by leveraging their Community Development Framework and the Research Expertise of IIMC.
Higher education in the country is on the threshold of change. The academic impetus today warrants a wider and deeper understanding of the issues which requires a change in the way issues are perceived. Albert Einstein notably said, “No problem can be solved by the same kind of thinking that created it.” Keeping that in mind, along with the changing student demographics and new technologies, universities are expected to reconsider their curriculum. Design Thinking offers important pathways for shaping these imperative new models and offers a deliberate, structured process for solving problems and fostering innovation.
Indian Institute of Management Calcutta, one of the most renowned business schools and the first IIM to be established in the country, School of Design Thinking, established in 2016 with a commitment to create awareness about Design Thinking as a ‘Human Centered – Future Focused’ approach to society and Mission Samriddhi, a social impact platform dedicated to holistic development of Rural India, today signed a Tripartite Memorandum of Understanding (MoU) to promote Design Thinking for institutional leadership. Professor Saibal Chattopadhyay, Director-in-Charge, IIM Calcutta, Professor Bhaskar Chakrabarti, Dean (Academic), IIM Calcutta, Mr. Arun Jain, CMD Intellect Design Arena & Founder-Trustee, Mission Samriddhi and Dr. Anbu Rathinavel, Co-Founder & Head, School of Design Thinking graced the occasion at the signing ceremony. This MoU will be valid for a period of 3 years.
Milestone
Celebrating One Year of eMACH.ai Success
Recent Successes & Implementations
Every customer is a milestone in our success journey. Here is a round-up on all the new customers who have embraced us and also the implementations that we have completed for our existing customers!
eMACH.ai Powered Wealth Qube by IntellectAI...
IntellectAI in collaboration with St. James’s...
The 'Best WealthTech Solution – Overall'...
IntellectAI introduces groundbreaking technology to process...
iGTB’s Corporate Treasury eXchange (CTX) Platform...
Intellect Launches AI-Led Innovation Center in...
Intellect in the News
Every customer is a milestone in our success journey. Here is a round-up on all the new customers who have embraced us and also the implementations that we have completed for our existing customers!
Crédit Agricole CIB invest in new technology...
iGTB and Crédit Agricole CIB have forged a strategic partnership for Cash Pooling Digital Transformation…
NCSL partners with iGCB to elevate its Financial Services Portfolio...
NCSL would leverage iGCB’s core banking system, Intellect Digital Core (IDC) to empower members with cutting-edge…
VakifBank International AG, chooses eMACH.ai based Digital Core and Lending platform for a multi-country implementation...
VakifBank will implement Intellect Global Consumer Banking’s Digital Core and Lending to offer superior…
A glimpse into tomorrow: ESG trends that will shape 2024...
The Role Of AI In Personal Finance: How It Is Transforming The Way We Manage Money...
Banesh Prabhu, CEO of IntellectAI, has recently been featured in ABP Live with his thought-provoking article…
Innovative Banking Solutions Take Centre Stage at TOAP Event...
iGTB Intellect is honored to be the Diamond Sponsor at the 7th edition of The Saudi National Bank - SNB Cricket Championship...
ASEAN Boston Consulting Group (BCG) Trade & Supply Chain conference...
Punkaj Nanggia, Director, Trade & Supply Chain Finance, iGTB, had the privilege of participating in…
Bridge the Gap: How AI is Democratizing the Lending Industry...
As the world goes digital, financial transactions are moving from physical bank branches to online…
Collaborate to Innovate Conference - EMTV Coverage...
With a robust financial sector embracing digitization, Papua New Guinea is today at the forefront of a digital…
AI and Hyper-Automation: Redefining Speed and Precision in Modern Wealth Management Practices...
Invite-only CXO boardroom event for Saudi Wealth Leaders...
We are in a perfect storm for CFOs, Treasurers, and Bankers...
Whitepaper on Composable & Complimentary Services in Corporate Treasury...
This paper addresses the challenge banks face in providing customized cash and liquidity management…
