Our products and technologies are among the best in the market with dozens of industry recognition and accolades to our merit.
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.
Intellect has won laurels from the world’s most acclaimed analysts.
Intellect is placed in the Industry Leaders segment in the IBSi Spectrum given its strong market presence and product functionality in the SCF space. Within its comprehensive suite of corporate banking offerings (iGTB), Intellect’s “iColumbus.ai” places a significant emphasis on supply chain finance.
iColumbus.ai leverages the power of artificial intelligence (AI) to streamline critical processes. It excels in smart data capture, swiftly extracting information from documents and enhancing data compliance. iColumbus.ai promotes seamless user interactions with its omni-channel user experience, ensuring accessibility and functionality across various channels. Its intelligent document exchange system facilitates rapid document revisions and annotations, fostering improved collaboration.
The report says Intellect added corporate actions and income payments reconciliation for private banking business line, account proofing reconciliations of all types of accounts, and risk analytics and position reporting for regulatory needs. Developed support for processing unstructured data through its AI-driven platform, example use cases include extracting key information on corporate action from market bulletins, and creating structured client instructions based on email or faxes.
Introduced Intellect Olive Fabric, a low-coding enterprise integration framework, to simplify the interfacing efforts. Future focus on parsing data for reconciliation by reading PDF files and through connectors to screen-scraping technologies, combining RPA and AI to target automated closure of up to 80% recon breaks.
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.
Validation for iGTB’s Trade Finance solution as a SWIFT-compatible product reflects iGTB’s ongoing commitment both to its partnership with SWIFT and to its efforts to enhance economic inclusion and sustainable (track’n’trace) trade as part of digital (paperless) transformation
London, September 23, 2021 Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence, is delighted to announce that its Trade Finance product has been awarded the SWIFT Compatible Application Trade Finance Label for 2021. This is the 3rd consecutive year that iGTB’s fully digital Trade Finance product has been awarded this label. It demonstrates the solution’s exceptionally strong capabilities to align to complex and evolving SWIFT Standards while embracing both digital transformation (including the much-sought-after goal of paperless) and sustainability (including the universal need now for product track’n’trace).
SWIFT Compatible Application labels are awarded exclusively to providers that deliver quality services and products to their customers while acting in accordance with the highest professional standards. The awarding of this label is compelling evidence that the iGTB Trade Finance product adheres fully to the specified criteria for SWIFT FIN (MT) messages, SWIFT connectivity and SWIFT interoperability.
iGTB’s intelligent Trade Finance product has been fully updated with all of the changes required not only to enable a client bank to remain SWIFT-compliant, but also to revolutionise the bank’s trade business with an enhanced range of digitised products and services, including intelligent data extraction form its AI/ML IDX “paper-killer.” iGTB recognises the market-driven ambition of SWIFT to introduce more structured data into transaction processing: this simultaneously opens up the opportunity for banks to enhance workflow and to drive innovation. In order to help a bank take full advantage of the additional value this data structuring brings, iGTB is not simply replacing one message type with another, but taking into consideration how these changes can transform the overall Contextual User Experience.
London, 26 August, 2021: Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence for two years in a row, today announced a significant deal win with a leading Islamic bank in APAC to completely digitize and streamline its cash and trade transaction banking technology offerings.
The deal is powered by iGTB’s Digital Transaction Banking platform that delivers a seamless digital experience to grow the bank’s corporate customer base. With this deal, there are now 55 global banking groups that are benefitting from this world-leading platform which handles 50% of the total corporate collections’ transactions across India, the Middle East & Africa.
The platform works out of the box, and has a remarkable span of coverage including modules for cash management, account services, trade finance, supply chain finance, collections & receivables, liquidity management and virtual accounts. This suite is powered by the award winning omni-channel front-end CBX customer experience suite and full range of mobile banking services covering inquiries and initiations. What makes this deal unique is that the platform is powered by a common onboarding and common user experience across all the TB product lines. This is only possible due to the seamless, integrated design of the platform, which creates immense value for bankers and their corporate treasurers to view Operations & CXO dashboards across multiple product lines.
Intellect ranked #1 in 3 Categories of Financial Sector:
Retail Banking, Transaction Banking and InsurTech by Global IBSI Sales League Table 2021
Intellect retains its position in IBSI Leadership Club with its #1 ranking in Retail Banking for the third consecutive year, #1 ranking in Transaction Banking for the second consecutive year and #1 in InsurTech in the inaugural edition.
London (UK), June 5, 2021: Intellect Design Arena Ltd, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, has achieved a remarkable triple win by the UK-based independent analyst, IBS Intelligence. Intellect has been ranked #1 in the world for the Retail Banking, Wholesale Banking – Transaction Banking and InsurTech categories in the IBS Annual Sales League Table 2021.
IBS Intelligence’s Annual Sales League Table is a widely-accepted industry benchmark for the performance of global banking technology solutions. The SLT has been running for over 20 years and recognised as a barometer for financial technology supplier sales performance across the banking industry. COVID-19 and its aftermath, has made this year’s SLT more significant. The IBSI SLT 2021 includes systems purchases made by over 1000+ banks across 180+ products from 60 suppliers across the Americas, Europe, Middle East, Africa, APAC and ASEAN. The number of deals evaluated this year was 2000+, reported across 150 countries globally.
Singapore/Chennai (India), 23rd December, 2020: Intellect Design Arena Ltd, a cloud-native, future-readyIBS multi-product FinTech company for the world’s leading financial and insurance clients, today announced that its wealth platform – Wealth Qube® has been recognised for its initiative along with Monetary Authority of Singapore’s API marketplace – APIX, as the Most Innovative Project in the API/Open Banking Category, at the 2nd edition of the IBS Intelligence Global FinTech Innovation Awards 2020.
Intellect’s digital wealth suite, the Wealth Qube®, is an API-first platform that promises to increase the productivity of relationship managers and make accessible new market segments to the financial institutions. Given the dynamic and personalised nature of the wealth business, the key technology thrust for Intellect Wealth has been to allow each institution to maintain its competitive edge by allowing them to compose their own solutions.
This award further establishes the superiority of the API-centric design of the comprehensive wealth platform. Wealth Qube® is designed around a set of 136 Tools whose capabilities can be leveraged through APIs. The solution is built around 6 Offices – catering to various roles in a wealth business – which are further supported by 23 Desks and 136 Tools. Wealth Qube® is a complete solution serving the needs of Wealth Managers and Private Bankers.
The tool based architecture of Wealth Qube® coupled with its API-first design allows for many advantages. The first of these being to provide the financial institutions an ability to retain their competitive advantage by selectively upgradig the tools. The second one being the ability to preserve their investments in the earlier systems, as the up-gradation can be done at the tool level. Yet another significant advantage is the abilty to compose one’s own business solutions based on the selection of your tools.
The awarded initiative involved activating the wealth suite APIs on one of the world’s most stringent regulatory markets supported marketplace – Monetary Authority of Singapore’s APIX – API Exchange. The APIX marketplace, strategically situated in Singapore, Asia’s investment hub, was set up to help in fast-tracking the objective of enabling co-creation, easy accessibility of advanced digital capabilities, accelerating innovation, and faster go-to-market, in a secure environment.
The IBSI Innovation Awards 2020 seeks to identify and honour technology players and Banks/FIs for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. The submissions were assessed based on several factors such as Program Complexity, Program Governance, Best Practices & Tools Adopted, Originality & Simplicity, Adaptability of the concept, Innovation Excellence, and Customer Impact.
Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, has been ranked #1 in the world for Wholesale Banking – Transaction Banking by the highly respected, independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.
IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets. The IBS report covers systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.
Intellect Global Consumer Banking (iGCB), the flagship retail banking suite of Intellect Design Arena Ltd, a global leader in Financial Technology across banking and insurance, has bagged the Global Acclaim of #1 Best Selling Retail Banking Solution in the world by the highly respected, independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.
IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets.
igcb-logoThe IBS report covers systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC. This commendation is the latest validation of Intellect Design’s strategy of offering a Best in Class Integrated Digital Banking Platform with Front to Back Capabilities in Retail Banking.
Intellect Design Arena Ltd, the specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, has achieved a remarkable double first: it has been ranked #1 in the world for Retail Banking and ranked #1 in the world for Wholesale Banking – Transaction Banking by the highly respected, independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.
IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets.
Commenting on Intellect’s performance, the SLT Panel at IBS Intelligence said, “Two systems of Intellect Design Arena – Intellect Digital Core and Digital Transaction Banking have recorded their leadership position in the IBS Intelligence Sales League Table 2020. IDA solutions have been ranked #1 – for the second time in a row in the Retail Banking category, and have also been placed in the #1 spot in the Wholesale Banking – Transaction Banking category. The IBSI Sales League Table 2020 has been analysed based on systems purchases made by over 1,700 banks in over 150 countries, across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.”
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.
iGTB, the world’s first complete Global Transaction Banking Platform from the house of Intellect Design Arena Limited, today announced that Middle East’s second-largest bank has expanded its relationship with iGTB to enhance the bank’s liquidity management capabilities.
The Liquidity Management Solution from iGTB empowers corporate treasurers with pooling, sweeping, intercompany loans and virtual accounts, as well as policy-driven automated investment sweeps, cash flow forecasting and real-time funds checking. The system delivers sophisticated automation and comprehensive analysis for more informed decision within corporate treasury departments. iGTB is the market leader in corporate liquidity management and partners banks worldwide. Its applications for transaction banking sport a world-class comprehensive digital, self-service, front-end that delivers a faster, simpler and seamless experience to help banks gain and retain corporate clients.
Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, today announced that Intellect Digital Core(IDC) has been adjudged ‘Winner’ for ‘Breadth of Functionality’ by Celent in their ABCD Vendor View for Asia Pacific, Europe, Middle East, Africa and Latin America report: ‘The Modern Core Banking Systems’.
Celent set out to award vendor platforms in the report, based on its proprietary ABCD scoring methodology – Advanced architecture, Breadth of functionality, Customer base, and Depth of service. The report surveyed market-leading core banking systems (CBSs) offered by 14 different vendors. This report is one in a series of reports covering the core systems market across the globe and includes providers in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America.
Craig Focardi and Stephen Greer, Senior Analysts, Celent said, “Intellect IDC is a strong platform choice for institutions of all sizes across the globe.” They further added, “In a relatively short timeframe, Intellect Design Arena has built a large global customer base of institutions of all sizes. It built its platform to be highly componentized and driven by flexibility in the way it implements. That also extends to its functional capabilities with a significant number of parameters and configuration capabilities for both product creation and extension.”
Designed on a formidable Digital 360 proposition, IDC 19.1 presents banks with the best of both worlds; Digital Outside translates to enhanced customer experience and the Digital Inside drives operational efficiencies. Fully compliant with current regulations across geos, the solution will empower banks to become integral to its customers across multiple segments, with faster onboarding, enhanced efficiency with complete STP and real-time reporting, and increased reach with the rapid launch of new and innovative products powered by the robust configuration engine.
Commenting on the recognition, Rajesh Saxena, CEO, Global Consumer Banking, Intellect Design Arena, said, “This is indeed a very proud moment for us. We are delighted to receive this recognition from Celent, an acclaimed Global Analyst firm. Our fully integrated cloud-ready IDC 19.1 solution supports banks to be an innovative and responsive digital Bank. Intellect Digital Core banking solution is a unique combination of product innovation, technology optimisation, contextual customer experience and lower total cost of ownership. Our robust growth strategy, backed by a strong understanding of the domain, has equipped us in steadily driving business outcomes with a collaborative approach.”
Celent report states that, “IDC is offered as a comprehensive “bank-in-a-box” system, catering to core banking requirements of the bank. This ‘bank-in-a-box’ system has modular solutions that can be chosen based on the bank’s needs and can co-exist with existing systems in the bank’s landscape. This is possible due to the componentized design and a service-oriented paradigm followed by the modules constituting the solution. They have further built about 400 microservices powered by APIs across all core banking functionalities. Progressive Modernization is one of the key elements of our proposals allowing the bank to plug in new modules as its requirements evolve.”
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/
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, 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 digital transformation initiatives.
Intellect pioneered Design Thinking for 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 to address the growing need for digital transformation. Intellect generates annual revenues of USD 208 million, serving over 240 customers through offices in 90+ countries and with a diverse workforce of solution architects, domain and technology experts in major global financial hubs around the world. For further information on the organization and its solutions, please visit www.intellectdesign.com
Chennai (India), 19 April, 2019: Intellect Design Arena Ltd, a specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, today announced that it has been positioned as a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment (doc # EMEA44888719, March 2019).
The IDC MarketScape noted, “The iGTB digital transaction banking platform is a well-known offering in this marketplace and is backed up by the iGCB core lending system, iRTM risk and treasury offering, and various other modules that can deliver end-to-end corporate banking capabilities. The strong product set has been supplemented by the front-end Contextual Banking Experience (CBX) 18 launch and a major product re-engineering initiative two years ago. “
Commenting on the recognition, Arun Jain, Chairman & Managing Director, Intellect Design Arena Limited said, “APIs, machine learning, predictive analytics and other technologies to automate and customize operations for corporate banking and B2B transactions create the “best-next” actions for banking clients. Intellect’s API-first, digital transaction banking platform coupled with real-time readiness for contextual banking, will help transaction banks revolutionize customer service, maximize efficiency and boost revenue. This recognition from the IDC MarketScape is an important validation of our commitment and strategy to deliver end-to-end Contextual Experience in Corporate banking, which uses predictive analytics and machine learning to understand and anticipate the needs of corporate banking clients.”
Our unique collaborations and solutions have been recognised and appreciated across multiple platforms.
IntellectAI, the WealthTech and Insurtech business of Intellect Design Arena, has once again achieved prestigious recognition, this time at the WealthBriefing MENA Awards 2023. WealthForce.ai from IntellectAI has been declared the winner in the “Innovative Use of Artificial Intelligence” category, underscoring its commitment to revolutionising the wealth management industry in the Middle East and North Africa (MENA) region and to empower the cognitive enterprises in their transformational journey
WealthForce.AI, the flagship wealth offering of IntellectAI, is revolutionising the MENA wealth management market with its advanced AI and data capabilities. Powered by eMACH.ai framework, the solution emphasises Event-driven, microservices-enabled, API-led, Cloud-native, and Headless architecture, embedded with cutting-edge AI technology to foster cognitive growth. The AI capabilities transition the enterprise from determinism to a probabilistic, learning, interpretative experience.
IntellectAI, the WealthTech and Insurtech of Intellect Design Arena driven by advanced AI-led solutions is delighted to announce that ESG Edge has earned its place in the ESGFinTech100 list by FinTech Global. This recognition underscores ESG Edge’s pivotal role in ushering in a new wave of corporate risk analysis in addressing climate risk, sustainability, social responsibility, and governance challenges, aligning with Intellect’s Cognitive Enterprise approach that underscores the transformative potential of Generative AI technology within the financial sector.
ESG Edge stands as a testament to the Cognitive Enterprise approach, which leverages Generative AI capabilities to empower financial institutions and institutional investors with accurate and custom ESG insights for their entire portfolio of companies. This solution addresses not only climate risk, sustainability, and governance challenges but also the broader concept of social responsibility within the financial landscape. ESG Edge extracts and analyses contextually relevant information from vast volumes of new feeds and disparate unstructured sources, providing comprehensive data source lineage and auditability. Moreover, it offers clients the flexibility to create their own customisable ESG data rating frameworkand access tailored responses to their unique questions, enhancing precision and adaptability.
Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, recently announced that it has been named a gold winner in the 13th Annual Globee® Business Awards for 3 categories. The categories are Achievement in Best Use of Technology, Achievement in Product or Service Innovation, and Innovation of the Year in Technology (all). iGCB has been awarded these three awards in recognition of its Open Finance powered Retail Banking Platform, built on eMACH.ai.
The retail banking platform is built on eMACH.ai (Events, Microservices, API, Cloud and Headless), the most innovative open finance platform offers Banking & Financial Services Institutions the ability to compose their unique “My Signature Solution”.
IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, has been named to PropertyCasualty360’s Insurance Luminaries Class of 2023 in the Technology Innovation category for its use of AI to enhance underwriting for Commercial, Specialty and E&S carriers, MGAs and wholesalers.
This recognition celebrates innovation in the property and casualty insurance industry. The program spotlights top professionals, teams, organizations, programs, practices and products within the sector that strive to modernize and humanize the business. The 2023 honorees were selected by a panel of industry experts based on how well they stated and achieved goals with regards to the nomination category; how impactful their work has been; how dedicated the nominee has been to furthering modernization and humanization in the P&C insurance business; and how committed and dedicated the nominee has been to high ethical standards, service and excellence.
IntellectAI, the WealthTech and Insurtech of Intellect Design Arena driven by advanced AI led solutions, has been chosen as the winner in the “Artificial Intelligence (AI) Application (Pan-Asia)” category at the 11th Annual WealthBriefingAsia Awards 2023. The annual WealthbriefingAsia Awards program recognises the outstanding organisations in Asia Pacific and India, which an elite panel of independent judges deemed to have ‘demonstrated innovation and excellence during the last year’.
WealthForce.AI leverages artificial intelligence to empower relationship managers and deliver a modern customer experience. It is driven by eMACH.ai standards, featuring Event-driven, Microservices enabled, API led, Cloud-native, Headless architecture and with embedded AI.
IntellectAI, the WealthTech and Insurtech with contemporary AI, data, and ML solutions, an arm of Intellect Design Arena, has been named as one of the top 100 most innovative technology companies transforming the global investment, banking, and wealth management industries in the fifth annual WealthTech100 list by FinTech Global.
The 2023 WealthTech100 list was officially announced by specialist research firm FinTech Global. The Wealth Tech 100WealthTech100 is an annual list of 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts. These are the companies every leader in wealth and asset management, private banking and financial advisory needs to know about as they consider and develop their digital transformation strategies and new customer propositions.
Intellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, has been awarded World’s Best in Virtual Accounts management at the Global Finance Treasury and Cash Management Systems Awards 2023.
The award recognises iGTB’s product innovation in Virtual Account management and the extent to which iGTB has successfully differentiated its Virtual Account management capabilities from its competitors.
Intellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, has been named as a leader and ‘Best in Class’ Payments platform by Aite-Novarica Group in a report that evaluates the overall competitive position of payments technology providers, focusing on stability, client strength, product features, and client services.
Aite NovaricaThis Aite Impact report investigates the market for payment hubs and infrastructure, discusses how technology has evolved with new market challenges, compares and analyses the tactics and products of the top technology providers, and their accomplishments in ke
New York, May 18, 2022: Intellect SEEC is proud to announce that Amerisure Insurance has won the 2022 Celent Model Insurer award in the Legacy and Ecosystem Transformation category. The award recognizes how Amerisure’s underwriting transformation initiative improved efficiency, boosted compliance and reduced underwriter onboarding time using Intellect Xponent, Intellect SEEC’s artificial intelligence (AI)-powered underwriting workstation.
Amerisure is a leading U.S. property & casualty insurance provider licensed in all 50 states, with comprehensive commercial insurance products and solutions focused on the construction, manufacturing, and healthcare industries. The basis of this digital transformation project was to support their ambitious growth plans, improve efficiency and consistency of the marketing underwriters, advance the use of data and third party triangulated risk insights, provide multilayered visibility into the performance of accounts and overall portfolio, and provide an adaptive work environment for underwriters to support change and growth.
London, 17 May, 2022: Intellect Global Transaction Banking (iGTB), is proud to announce that its iGTB Cash platform deployed at Vietcombank Cashup program has won the IDC Financial Insights Innovation Award 2022 Asia’s Best in Customer Interactions amongst 120+ high-quality submission from banks and insurers in APAC.
This marks the 2nd consecutive win for the iGTB Cash – VCB partnership at IDC’s Financial Insights Innovation Award (FIIA). In 2021, this partnership received the award for Best Bank in Vietnam for the Payments and Cash Management category for high quality technology deployment. Raising the bar in 2022 for superior customer stickiness and faster time-to market has led to a consecutive year of recognition and endorsement by IDC FIIA.
Digital transformation has enabled Cater Allen to offer a superior customer experience with Open Banking compliance
London, November 22, 2021: Intellect Design Arena Ltd, a future-ready, multi-product FinTech company for the world’s leading financial and insurance institutions, announced that the Intellect Digital Core-powered Cater Allen has won the prestigious IBSi NeoChallenger Bank Award in the consumer banking segment. Cater Allen has also been named as the best NeoChallenger Bank in the European Region.
The IBSi NeoChallenger Bank Awards 2021 seek to identify and honour technology players and NeoChallenger Banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. It recognizes the most innovative and impactful Digital Arm of a Traditional Bank and Pure Play NeoChallenger Bank projects around the world across the following segments – Corporate Banking, Consumer Banking and Focused Categories (Islamic, Lending, Wealth).
London, 8th April, 2021: Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence, are delighted to congratulate Hanoi-headquartered Vietcombank for winning the IDC Financial Insights Innovation Award 2021 Best Bank in Vietnam for their Payments and Cash Management system initiative.
The well-known IDC Financial Insights Innovation Awards aims to recognise outstanding achievements in the financial sector for the use of technology. The awards program honours Asian financial services institutions who have realised business outcomes well through the novel application of IT innovation.
Vietcombank received this award for many notable achievements, among which included improving customer stickiness, acquisition of new customers, faster time-to market and product readiness. Also cited was Digital 360 –the full seamless, omnichannel access by businesses to banking services using any device or channel, information from other banks, and integration with other services and access to external data sources – powered by iGTB’s Digital Transaction Banking (DTB) Enterprise Suite.
Chennai, 5th April, 2021: Intellect Design Arena Ltd, a cloud-native, future-ready multi-product FinTech company and YES BANK won the ‘Best Fintech Partner in Asia’ award by IDC Financial Insights at its annual Financial Insights Innovation Awards 2021 (FIIA) held at the 17th Asian Financial Services Congress (AFSC) recently. The prestigious recognition was received for the implementation of credit origination system powered by Intellect’s API first micro-services based Credit Origination and Management platform.
YES BANK’s initiative was among the 100 high-quality entries submitted for this award by leading banks across the Asia/Pacific (excluding Japan) or APEJ region. The IDC Financial Insight Innovation Awards (FIIA) aims to recognise outstanding achievements in the financial sector for the use of technology. The award submissions were judged for how well business outcomes were realized through the novel application of IT innovation.
Intellect Design Arena has won the IDC Real Results Award 2020 in the “Efficiency and Agility” category for its Digital Wealth Transformation Solution at CIMB Thai Bank.
Aligning with the Bank’s aspiration to be a purely digital bank, Intellect’s digital wealth solution for CIMB Thai empowered Bank’s Relationship Managers (RMs) to deliver on-the-go advisory with a completely de-desked solution (only tablets).
The wealth platform automated end-end functions of the RMs from digital onboarding, guided goal-based investment planning, 360 degree customer view, enabling them to provide superior service to their clients with product recommendations, real-time alerts and cross-sell and upsell opportunities. The omni-channel API-led solution backed by deep data analytics, integrated seamlessly with the 13 different systems to provide a single system view to the RMs.
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.
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.”
Manish Maakan“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/
About Intellect Global Transaction Banking (iGTB):
The World Best Corporate Banks Bank on iGTB
iGTB, is the world’s first complete Global Transaction Banking Platform from the house of Intellect. It helps corporate banks prepare for a new era of customer-centric services. With a rich suite of transaction banking products, across DTB, Payments, Liquidity, Trade and Supply Chain, iGTB is an authority on vertical and integrated products that enable banks to meet their ambition to be the Principal Banker to their corporate customers. iGTB seamlessly integrates all the transactional needs of corporate customers, delighting them with Contextual Banking eXperience (CBX), a white label digital transaction banking platform to manage firms’ cash and trade, that leverages Machine Learning and predictive analytics, delivered through APIs and an omnichannel UX. For more information on iGTB, please visithttps://www.igtb.com/
About Intellect Design Arena Limited
Intellect Design Arena Ltd., a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products. It does so via its four lines of business, namely, Global Consumer Banking, iGTB (Global Transaction Banking), (Risk, Treasury and Markets) and Insurance Software. With over 25 years of deep domain expertise, today Intellect is a brand name that progressive financial institutions look to for their digital needs, and for digital transformation initiatives.
Intellect pioneered design thinking for cutting-edge banking and insurance products and solutions, with that being the company’s salient differentiator when enabling digital transformation. FinTech 8012, the world’s first design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, such that the growing need for digital transformation may be aptly addressed and answered. Intellect generates annual revenues of more than USD 208 million, by serving more than 200 customers through offices in 91+ countries, with a diverse workforce of more than 4,000 solution architects, domain specialists, and technology experts in key financial hubs around the world. For further information about the company and the various solutions it offers, please visit https://www.intellectdesign.com/
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.
iGTB, the world’s first complete Global Transaction Banking Platform from Intellect Design Arena is proud to congratulate UAE’s leading financial institution First Abu Dhabi Bank (FAB) for being recognised by Global Finance Award 2020 as the Best Liquidity Management Bank in the Middle East.
FAB, a long-standing client of iGTB, received this award for demonstrating innovation through technology to offer a differentiated user experience that aligns with the needs of today’s business owners and corporate treasurers. FAB has implemented iGTB’s integrated Digital Transaction Banking solution with the front-end client interface supplied by the Contextual Banking Experience (CBX) with its modern, omnichannel UX, and the back-end by iGTB’s fully integrated state-of-the-art Liquidity Management Solution, collections, receivables, and payments products.
The award-winning Liquidity Management Solution from iGTB empowers corporate treasurers with pooling, sweeping, intercompany loans and virtual accounts, as well as policy-driven automated investment sweeps, cash flow forecasting and real-time funds checking. The system delivers sophisticated automation and comprehensive analysis for more informed decision within corporate treasury departments. iGTB is the market leader in corporate liquidity management and partners banks worldwide – indeed, 23% of worldwide cross-border MNC sweeps go through iGTB systems. Its applications for transaction banking sport a world-class comprehensive digital, self-service, front-end that delivers a faster, simpler and seamless experience to help banks gain and retain corporate clients.
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.
Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, are delighted to congratulate UAE’s leading financial institution Abu Dhabi Islamic Bank (ADIB) for winning the Aité Group’s 2019 Cash Management and Payments Innovations Award for Customer Experience through their flagship platform, ADIB Direct, across web, mobile and watch.
iGTB’s Digital Transaction Banking platform prepares transaction banks to provide for every client’s and every sector’s needs with a configurable and intelligent platform that encompasses every aspect of transaction banking. With DTB, transaction banks can successfully optimize capital, maximize ROA and fee income, improve product cross-sell & distribution channel effectiveness, ensure regulatory compliance and support SME franchise and growth sectors (through working capital provisioning and advisory services) as well as empowering larger corporates, including up to multinationals.
Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing Fintech product company with CAGR of more than 24% over the past five years, today congratulates its many clients who have won awards in 2019. As a mark of honouring and appreciating their award-winning clients, iGTB is supporting the Eighth Annual Transaction Banking Awards ceremony, run independently by the renowned Global Finance banking magazine, to be held at the “Gherkin” in London on 25th September, 2019, during Sibos London.
iGTB clients have won over 34 prestigious awards during 2019, from various recognized industry bodies as well as especially Global Finance. iGTB congratulate all the winners, including Canadian Imperial Bank of Commerce, HSBC, ANZ Bank, Santander, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Qatar National Bank, Lloyds Bank, Raiffeisen Bank, Hong Leong Bank Berhad, Arab Bank, and more.