Cover Story

The 3Cs that drive Intellect’s Tech Prowess

Circa 1944: Harvard professor Howard Aiken, in collaboration with IBM, developed his first fully functional computer, known as the Harvard Mark I. This was perhaps the first sign of the beginning of the digitalisation era. Then, there was a tectonic shift in computing capacity when Apple 1 – Apple’s first PC was launched in 1976. The next tectonic shift happened with the launch of the first smart phone in 1994 - Simon Personal Communicator (SPC) by IBM.

Evolution of technology has been constant and with every new tectonic shift, the business landscapes have been changing drastically. Now, the latest shift in technology has been the rise and rise of the cloud technology. Cloud computing platforms like Azure and AWS have been facilitating businesses to scale their operations and also interact in real-time with collaborators from around the world. The saying ‘It’s a small world’ has found a new meaning.

It is no doubt that the future of technology is Contextual, Composable and on the Cloud. At Intellect, we have designed and developed contextual platforms and products. With a talented pool of data scientists and our strong footing in the principles of Design Thinking, we have been demystifying technology for our clients. By creating robust microservices architecture, we have empowered our clients to choose technology in a composable manner. They have the power to pick and choose from a plethora of services and customise it to their requirements. We have also made it possible for our customers to leverage the benefits of cloud technology with our cloud-native offerings.

So, at the recently held Intellect Technology Day – a first-ever, one-of-a-kind event for investors, we showcased this technological prowess. After all, we have pioneered a cloud-hosted, future-ready, multi-product FinTech platform that’s enabling over 240 of the world’s leading financial institutions across the world to do more, with less.

The event was anchored by Arun Jain, Chairman and Managing Director, Intellect Design Arena Ltd. He set the tone for the evening by taking us through the timelines of major technological innovation timelines and then later defining the theme of our event. The first session was focussed on Technology. Rajesh Makhija, Chief Technology Officer, iGTB gave a comprehensive narration about Composable and Cloud technology. Focusing on three of our platforms - CBX, iTurmeric and yet-to- be-launched iFinCloud, he spoke about the pain points, what our customers are looking for and the benefits of each of these platforms. CBX is our digital acceleration platform which offers superior customer experience, rapid time to market and innovation – it is both contextual and composable. iTurmeric is a cloud acceleration platform which is an integrated cloud-native platform for composable business design in a single collaborative environment with a built-in Sandbox. And finally iFinCloud is our soon to be launched Intellect Financial Services Cloud, which will offer extreme agility, security and compliance and reduced costs.

This was followed by a presentation by Deepak Dastrala, Chief Technology Officer – India, Intellect SEEC who spoke about one of the most exciting topics of recent times – Data, and specifically contextual data. He introduced the capabilities developed by Intellect SEEC to the investors – Fabric and IDX. Fabric is cloud-native, contextual and intelligent data platform with microservices architecture and APIs built for intelligent, flexible, scalable, and integrate-able services. It facilitates contextual computing and real-time data ingestion. IDX is a contextual and intelligent information classification & extraction platform, which provides last mile solutions for end-to-end straight through processing, complete ownership of customer value with no dependencies on 3rd party services and intelligent redaction of PII and sensitive data to ensure regulatory compliance.

This was followed by the business sessions. Manish Maakan, CEO, iGTB; Rajesh Saxena, CEO, Global Consumer Banking, and Banesh Prabhu, CEO, Intellect SEEC and James McKenney, the newly-appointed Products Business Head and Chief Strategy Officer of Intellect SEEC presented their technological capabilities in their respective domains.

One message was clear through all these presentations – that we are ready to navigate the future with all its uncertainties through the robust products and platforms that we have built and pioneered.