Awards and Recognitions
Our products and technologies are among the best in the market with dozens of analyst recognitions, 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.”
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
Our unique collaborations and solutions have been recognised and appreciated across multiple platforms.