Foreword

Cover Story

Moving Towards Intellect 3.0

Since our inception in 2011, we have been met by demands that have challenged our imagination, pushed us to unleash our true potential and those that have helped us gain a competitive advantage, by giving us an edge that has kept us ahead of competition. In these 10 years, we have not only built the world’s largest asset-rich product suite, but we have also pioneered a cloud-hosted, future-ready, multi-product FinTech platform that is enabling over 260 of the world’s premier financial institutions to do more with less.

Over the last 7 years we have paved a path for FinTechs globally and remained leaders in the space, with 20 different technologies. In 2015, we experienced Intellect 1.0, which focused on investment and expanding our customer footprint. At this point, we invested in our product development, sales and marketing. In 2018, we moved ahead, only to be met by Intellect 2.0, where we concentrated on industrialisation, monetisation and the fostering of rewarding partnerships. Now, from this moment on, we are looking ahead optimistically, by looking at Intellect 3.0.

As a part of Intellect 3.0, we will experience a transition, one that positions us as a platforms company, as opposed to a products company. To achieve this goal, we are currently working on 20 technologies, which include 4 exponential technologies and 4 platforms – iKredit360, CashPower22, Xponent and GeM. Along with this, we are strengthening our suite of 12 products, to address the full spectrum of banking and insurance requirements of financial institutions across the globe. Out of these 12 products, 3 are in the Partnership and Strategic Alliance stage, 4 products are in the Aggressive Selling and Premium Pricing Category and 5 products are in the Design Branding and Marketing stage.

At the moment, we are anticipating technological shifts that favour our endeavours and we are designing platforms that enable banks to efficiently, seamlessly and progressively modernise. The Intellect Open Finance Platform currently has over 250 Packaged Business Components and over 900 API’s which are enabling 600 user journeys across Core Banking, Lending, Credit Cards, Central Banking, Payments, Liquidity, Collections, Trade, Supply Chain Finance, Treasury, Underwriting and Wealth. We are proud of our ability to accelerate digital transformations journeys, by allowing customers to modernise their systems in half the time and with a technology cost that is significantly lower.

As we have consistently reiterated, we understand the importance of solutions that are contextual and composable. Our solutions promise flexibility, giving users the power to pick and choose from a plethora of options according to their requirement.

In a marketplace which is being dominated by the need for speed and agility, the FinTech industry is being reshaped by an API-lead transformation of the entire ecosystem. Intellect 3.0 aims to design platforms that can last for the next 15 years, making it future-proof and empowering for our partners, as it will allow them to power through anticipated and unanctipcated challenges, making it truly NextGen.