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Designed for Success - A double win that has put us on top of the world

The world is becoming increasingly contextual. The progressive banking institutions around the world are investing more time than ever before in designing contextual and personalised customer experiences that will drive meaningful relationships. So, welcome to the world of Contextual Banking, where banks are moving towards a customer-centric model, leveraging data to provide personalised and contextually relevant experiences. The time has come to reimagine banking with Contextual. At Intellect, Contextual is the bedrock for all our products. Real-time, API-enabled and cloud-native, our products are powered by AI and ML, contributing to our Contextual Banking vision of designing products that work in a way that they understand their end customers’ real needs. So, when IBS - the definitive source of independent news, analysis & research relating to global financial technology markets - acknowledged our revolutionary Contextual Banking Technology in their Annual Sales League Table 2020, we felt vindicated.

It is a remarkable double feat that Intellect has achieved: it has been ranked #1 in the world for both Retail Banking and Wholesale Banking – Transaction Banking. These double wins – a first for Intellect – catapults the company into the big league across the world and acknowledges the asset-rich financial technology product suite of Intellect.

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.”

Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, retained its #1 Global Leadership position in retail banking for the second time in a row. Its flagship offering, IDC ( a comprehensive Retail contextual banking suite) has kept the pole position powered by API-first, microservices-based, cloud-native Open Banking architecture, and a unique blend of integrated functionality and agility. Intellect was also ranked in the top three best-selling solutions for Digital Banking and Channels, and also the top three best-selling solutions for Lending Systems.

At iGCB, we have broken the one-shoe-fits-all paradigm and brought a level of flexibility to how banks would prefer to drive their digital transformation in a “Progile” manner – leveraging our Olive Fabric capabilities. Intellect can therefore enable a complete core refresh, a lending solution refresh, a channel refresh or even a middleware-led digital refresh in a Progile manner.

iGTB, the world’s first complete Global Transaction Banking arm of Intellect, has also been ranked #1 for wholesale banking – transaction banking system and joins the leadership club, validating its revolutionary #ContextualBanking innovation and a rich suite of transaction banking products, across DTB, Payments, Liquidity, Trade and Supply Chain Supply. With 23% of the world’s MNC cross-border sweeps and over 50% of IMEA corporate collections going through iGTB systems, already proven capable of processing over one million domestic/international payments per hour in live use, this ranking underlines why so many of the world’s best corporate banks, bank on iGTB. It seamlessly integrates all transactional needs of the corporate customers, delighting them with a Contextual Banking eXperience (CBX), a white label digital transaction banking platform to manage the firms’ cash and trade, while leveraging Machine Learning and predictive analytics, delivered through APIs and an omnichannel UX.

What Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited had to say:

This is a remarkable validation of Intellect’s Best-in-Class Integrated Digital Banking Platform with Front to Back Capabilities across Retail and Corporate segments by IBS in the Sales League Table. The commendation also validates our microservices-based, API-first and cloud-ready architecture. Even our modular solutions across lending and channels are in the top 3, thanks to their comprehensive functionality and independent utility. This vindicates our pioneering use of #ContextualBanking based on Design Thinking principles – the concept that your banking systems should understand – even anticipate – what the client is trying to do. We are humbled by the recognition and thank our clients for entrusting the very core of their business functionality with us.