Intellect Design has been recently rated as a ‘Challenger’ in Gartner’s 2020 Magic Quadrant (MQ) for Global Retail Core Banking. This year’s MQ focuses on truly global vendors and includes only six global vendors and Intellect is one among them. For context, MQ 2018 had 10 vendors and MQ 2019 had seven.

A qualified vendor had to support multilingual and multicurrency capabilities, plus global retail core banking functionality, for at least five of six disciplines: Current Accounts, Savings, Fixed-term Deposits, Consumer Loans, Commercial Loans, Mortgage Loans.