Retains #1 in Retail Banking, Transaction Banking and InsurTech Categories
London (UK), June 10, 2022: Intellect Design Arena Ltd, a cloud-native, API-led microservices-based, multi-product FinTech company for the world’s leading financial and insurance institutions, has registered a remarkable record-breaking achievement of six wins including Global Leader in Product Breadth in its 2022 edition by the UK-based independent analyst firm, IBS Intelligence. Intellect has retained its #1 ranking in Retail Banking for the sixth consecutive year, #1 ranking in Transaction Banking for the third consecutive year and #1 ranking in InsurTech for the second consecutive year. The company is also ranked #1 in Retail Lending in the IBSi Leadership Club.
IBSi’s Annual Sales League Table is a widely-accepted industry benchmark for the performance of global banking technology solutions. The Sales League Table has been running for over two decades now and is recognised as a barometer for financial technology supplier sales performance across the banking industry.
Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, has retained its #1 Global Leadership position in Retail Banking for the sixth year in a row in a highly competitive segment. iGCB offers an end-to-end contextual banking suite including core, lending, cards, central banking and digital channel solutions for retail and corporate banks across the globe. The award winning platform ensures a unique blend of integrated functionality and agility with its micro services-based, API-first, cloud-native architecture and powerful integration capabilities.
Intellect Global Transaction Banking (iGTB), the world’s first complete Global Transaction Banking platform, retains its #1 Global Leadership position in Transaction Banking in a highly competitive segment for the third consecutive year. iGTB has also retained its #1 ranking as the best-selling Wholesale Banking – Transaction Banking system. iGTB spearheads the consumerization of corporate banking through composable, cloud-native platform powered by microservices and Open Banking APIs. Its Contextual Banking Experience (CBX) is a rich omni-channel suite that covers all Transaction Banking needs (Digital, Payments, Cash Management, Virtual Accounts, Liquidity, iColumbus.ai Trade and Supply Chain and more). iGTB with its highly successful iGTB Oxford School of Transaction Banking initiative is designed to leverage best-practices, stories, challenges, learning and successes to enable banks to meet their Principal Banker ambition for corporate customers.
Intellect SEEC leads the IBSi InsurTech category for the second consecutive year with its #1 ranking. It is an insurtech transformation partner with contemporary AI and ML solutions, data insights triangulated from thousands of sources and agile technology, data science and consulting teams – taking a strategic approach to tackling the biggest challenges for insurance. With Intellect Fabric, a single scalable platform for insurers, Intellect SEEC has contextualized cloud, big data and machine learning to solve the most complex business problems, while enabling the most effective user experience across the underwriting value chain.
Intellect’s Digital Lending Platform, recently relaunched as iKredit360, made debut as #1 in its Retail Lending category. iKredit360 is a comprehensive and composable technology platform that enables institutions to curate unique credit experiences to merchants, channels-partners, and end consumers. With its ability to converge multiple elements such as internal and external systems, financial products, credit lifecycle, and FinTechs, iKredit360 empowers financial institutions to become the primary engagement point for their customers by offering both commoditised and specialised credit products across all business segments including Retail, Corporate, SME and Agri.
Intellect has been ranked #1 in the 2022 edition of Global Leader in Product Breadth. Intellect’s solutions help banks lead businesses on the path to growth and success and help move the ban ki ng world forward.
Intellect’s Global Consumer Banking ranked #1 in the 2022 edition of Regional Leader (ASEAN).
Commenting on Intellect’s performance, Robin Amlôt, Managing Editor at IBS Intelligence said, “It has been quite a year for Intellect Design Arena. For the sixth year in a row, the company retained the top spot in the Retail Core Banking category, performing strongly in the APAC region, followed by Africa and Europe. Intellect Design Arena also racked up its third year as leader of the Wholesale Transaction Banking category. The company was a clear leader here with a nearly equal number of deals from the Americas, Europe, and the Middle East. It was also the second year running that Intellect Design Arena held the top position in InsurTech. In fact, it is worth noting that Intellect Design Arena has held top slot in the latter two categories since both the InsurTech and Transaction Banking categories were first introduced to the IBSi SLT!”
He further added, “What’s more, if all that were not enough, Intellect Design Arena also secured the #1 position in Retail Banking Lending solutions, emerging as a market leader in this category. Its share increased from 18% in 2020 to 40% in 2021! The company was also recognized as a Regional Leader for its Intellect iGCB and Intellect Digital Banking Experience platform in the ASEAN region, and as a Global Leader for the overall breadth and strength in depth of its product range. Together with a clutch of strong second place positions in other categories, Intellect Design Arena has demonstrated exceptional performance.”
Expressing his views on emerging as a leader, Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, “We are proud and humbled to win big at IBSi Sales League Table 2022 with six #1 Global Leadership positions. As we are forging ahead and emerging as a new world leader in the industry with our API-based Contextual and Composable banking solutions, our priorities are highlighted through our wide suite of products and solutions that reorient the future of FinTech. Our customer-centric design thinking approach and algorithmic delivery methodology are robust to ensure defect-free, on-time deliveries while being agile and sensitive to the dynamics of our customers’ priorities.”
Along with the six #1 Global Leadership positions, Intellect ranked #2 in the Digital Banking category, #2 in the Private Banking and Wealth Management, #2 in the 2022 edition of Global Leader – Geographic Spread and Intellect’s Digital Banking Engagement Platform ranked #2 in the 2022 edition of Regional Leader (ASEAN).
With the world still recovering from the pandemic, the IBSi Sales Table 2022 rankings stand testament to FinTechs that are challenging the status quo and are at the forefront of innovation and accelerating the digital transformation of their customers
About Intellect Design Arena Limited
Intellect Design Arena Ltd. has the world’s largest cloud-native, API-led microservices-based multi-product FinTech platform for global leaders in Banking, Insurance and Capital Markets. It offers a full spectrum of banking and insurance technology products through its four lines of businesses – Global Consumer Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets, and Insurance. With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for their digital transformation initiatives.
Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 260 customers through offices in 97 countries and with a diverse workforce of solution architects and domain and technology experts in major global financia l hubs around the world. For further information on the organisation and its solutions, please visit www.intellectdesign.com.
About IBS Intelligence
Established in 1991, UK-headquartered IBS Intelligence is the leading global pure play Financial Technology research, news analysis, and advisory firm. IBSi’s Sales League Table is considered the global industry barometer ranking leading banking technology suppliers. Its research reports comprehensively cover global suppliers across all Banking Technology & Financial Technology systems, and are also distributed by Thomson Reuters, Bloomberg and S&P Capital IQ.
IBSi’s Innovation Lab at Dubai brings banks and suppliers together with an opportunity to access the Middle East market and to test and experience global Financial Technology products within the region. The group company, Cedar, is a global management consulting firm with deep expertise in formulating and executing business strategy for financial services clients worldwide with a significant focus on leading their technology and digital transformation.
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