Vol - 09 | June, 2022
I wish to start this communication with some exciting news. Intellect has been ranked #1 in the world yet again for Retail Banking, Transaction Banking and InsurTech. Intellect has also achieved #1 position for the Global Leader in Product Breadth, Retail Lending and Regional Leader (ASEAN) categories in their 2022 editions.
Our ahead-of-the-curve technological edge, depth and span of business functionality and ability to contextualise and curate solutions to our customers have proved to be a winning combination. Added to this is our ability to execute quick proof of concepts, our assured delivery model and high referenceability from existing customers. We believe that significant growth potential exists in cross-selling more products to our existing Customer base, extending a product to more customers in the same geography based on the success of the first Go live, expansion to new geographies, distribution of products through the Cloud deployment model and deepening the engagement with key accounts adopting a customer-centric approach to their Business transformation or operations transformation initiatives.
With our ground-breaking Digital 360 approach, Intellect has been able to address all aspects of our customers’ digital requirements. 35 new customers have chosen Intellect’s digital stack for their digital transformation in FY22 including 13 large transformational deals. The Reserve Bank of India, one of the largest and most complex central banks in the world with a balance sheet size of INR 57076.69 Billion has chosen Intellect to implement the upgraded version of the award-winning Cloud-Native Intellect Quantum Core.
Intellect SaaS revenues grew by 112% in FY22. Net profit stood at INR 3491 Million registering 33% YoY Growth and Intellect continues to be a Zero Debt Profitable Global Fintech Company with cash of INR 5580 Million at the end of FY22.
I am personally delighted with these milestones that Intellect has achieved and am truly excited about the possibilities ahead for us.
Warm Regards,
Arun Jain
Intellect wins big at the Global IBS Sales League Table 2022 with Six #1 Global Leadership Positions, retaining the Global #1 ranking in Retail Banking for the sixth consecutive year, #1 in Transaction Banking for the third consecutive year and #1 in InsurTech for the second consecutive year. Intellect is also ranked #1 in Retail Lending, #1 Global Leader in Product Breadth and #1 Regional Leader (ASEAN) in the 2022 editions of the Global IBS Sales League Table.
The IBS ranking is based on the new deals won last year and therefore an indication of market and customer endorsement of our solutions, investments and strategies. Our goal is to take banking to the future, anticipating and solving the needs of tomorrow’s business with Contextual, Composable, API-first, Microservices-based, Insurance and Financial services, built on the principles of Design Thinking, which is our key differentiator.
Expressing his views on the win, 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).
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!”
With unparalleled expertise in the FinTech domain enabling over 260 of the world’s leading financial institutions across 97 countries to do more with less, and a strong belief in Design Thinking, is perhaps why our customers call us ‘Incredible Intellect’.
Intellect Global Transaction Banking partners with Microsoft to establish Corporate Banking transformation on Cloud
This collaboration will see iGTB adopt Microsoft as its preferred cloud platform to remove traditional barriers of banking technology adoption, thereby helping banks go-to-market 3 to 4 times faster with Liquidity, Cash Management, Payments, Trade and Supply Chain Finance cloud offerings to their corporate clients.
Mauritius Telecom Partners with Intellect Global Consumer Banking for Digital Transformation and enabling Financial Inclusion
Aimed to provide easy access to affordable financial services and drive digital inclusivity, MT announces the launch of Digital Wallet for their customers with a promise of a seamless, differentiated and high- quality user experience.
Intellect Global Consumer Banking Awarded Prestigious CMMI V2.0 Maturity Level 5 Certification
iGCB has been appraised at Maturity Level 5 on the CMMI® (Capability Maturity Model® Integration) V2.0 for capabilities in both Development and Services. CMMI ML5 is the highest appraisal rating that can be achieved, and the certification signifies the organization’s capabilities to continuously enhance its processes through incremental and innovative processes and technological improvements to deliver superior outcomes and business performance.
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