The Intellect edge

Vol - 02


Made in India, Acknowledged by the World

As we stride ahead in the New World Order, we are witnessing paradigm shifts in industries across the world, and the banking and financial sector is no different. On the path of reviving themselves, they are reimagining banking with Contextual. Contextual and API-based technologies, together, are transforming the way people bank.

At Intellect, Contextual is the core and belief on which all our products are created. Powered by AI and ML, all our products are cloud-native, API-enabled and real-time, contributing to our Contextual Banking vision of designing products that can anticipate and understand the end customers’ needs, in real-time. Digital and Contextual, Intellect offers a future-ready multi-product FinTech platform, which is built on microservices-based architecture. Supported by a revolutionary integration technology iTurmeric, the first-of-its-kind enterprise integration, cloud-native platform built on API-first architecture, it enables banks to progressively modernise while ensuring business continuity without the risk of rip and replacement.

So, the fact that the IBS Intelligence Annual Sales League Table 2020 also ranked Intellect’s Revolutionary Contextual Banking Technology as #1 in Retail and Wholesale Banking, vindicates our pioneering use of this technology, based on the principles of Design Thinking – the concept that your banking systems should understand – even anticipate – what the client is trying to do.

Arun Jain

Picking up the momentum from this recent double feat, we have forged a strategic collaboration with the Banking Industry Architecture Network (BIAN) to revolutionise the API-driven Contextual Banking technology framework. This collaboration with BIAN extends our commitment and contributions to global standards, by defining Open banking and API-based Contextual Banking technology framework to re-imagine the banking architecture.

In this second edition of ‘Intellect Edge’, we share with you how Intellect is forging ahead with our API-based Contextual Banking solutions, building new partnerships and collaborations, and paving the way for success – both for our customers and for us. I look forward to strengthening our association and partnership, and to sharing chronicles of mutual success.

Happy reading!

Warm regards

Arun Jain

Cover Story

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.

apix logo

Intellect Wealth's now on the Monetary Authority of Singapore's API Exchange (APIX)

Intellect Wealth is now a full member of MAS-APIX and Singapore Fintech Association. Founded by the World Bank’s International Finance Corporation, the Monetary Authority of Singapore (MAS) and the ASEAN Bankers Association, APIX is the world’s first cross-border, open-architecture API marketplace and sandbox platform to drive collaboration between financial institutions and Fintechs.

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Intellect joins BIAN to help Revolutionise the API-Driven Contextual Banking Technology Framework

Intellect, recently extended its commitment to Open Banking and API-based Contextual Banking Standards through the global banking standards organisations, Banking Industry Architecture Network (BIAN) Membership. BIAN is a collaborative not-for-profit ecosystem formed of leading banks, technology providers, consultants and academics from all over the world, promoting and providing a common framework for the banking industry.

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Product Launches & Enhancements


CALM 20 – a unified contextual ALM platform to manage balance sheet risks – launched by Intellect

Intellect Launches

Intellect launches CBX FX – a contextual FX platform, combining trading and hedging needs for the bank’s corporate customers

Contextual Banking Experience

CBX-RM – A Contextual Banking Experience for Relationship Managers – Launched by Intellect Wealth

Intellect Upgrades

Intellect Upgrades its Flagship Treasury Offering – Capital Cube

Intellect Xponent

Intellect Xponent enhancements reduces time of the underwriter’s decision

Recent Successes & Implementations

Every customer is a milestone in our success journey. Here is a round-up on all the new customers who have embraced us and also the implementations that we have completed for our existing customers!

Accolades: Customers & Intellect

Accolades strengthen our resolve that we are in the right direction in our vision to offer the best-of-the-breed products and help our customers grow.

Intellect SEEC's Risk Analyst solution receives accolades

Intellect SEEC's Risk Analyst solution receives accolades

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quote  Intellect SEEC's implementation at St. James Place wins Celent Model Wealth
Manager 2020 Award.  quote-close

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quote  Intellect named a Leader in the IDC MarketScape: Worldwide Trade Finance
Systems Report 2020, highlighting its keen focus on transforming the corporate
customer's experience  quote-close

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quote  Out of the Box and Into the Magic Quadrant  quote-close

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quote  Capital Alpha wins the Waters Technology Asia Awards 2020 for Best Front-to-
Back Office Integration  quote-close

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quote  An 'XCelent' Portal – Not Just a Pretty Face  quote-close

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Resources: Webinars & Whitepaper

The well-researched case studies and whitepaper are proof of the value add we bring to our customer to drive successful business outcomes.

Industry Watch

These interesting researches, studies and news are your one-stop shop for all the interesting tit-bits from the industry.

New IDC Report Reveals Contextual Banking Framework to Support Differentiated Customer Centric Strategies of Asia/Pacific Banks

IDC predicts that by the end of 2020 in Asia/Pacific, investors will use specific measures based on platform participation, data value, and data use in customer engagements that will account to over 50% of valuations, and 65% of banks would have already succeeded in working with functional single-customer views.

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Cloud: A Business Strategy for the Future of Banking

Cloud technology has the banking sector firmly in its sights, and the industry can no longer ignore the opportunity. Banks that can crystallise a strong cloud strategy, and act on the business transformation needed to make it a reality, will open up the potential for market leading competitive advantage that allows them to build new products and services, and replace aging infrastructure.

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Open Banking Market Size to Reach $43.15 Billion by 2026, at 24.4% CAGR

According to the report published by Allied Market Research, rise in adoption of new applications and services in the banking sector, supportive government regulations, and enhanced customer engagement with open banking APIs drive the growth of the global open banking market.

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