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    Foreword

    Empowering Financial Institutions with Enterprise Connected Intelligence

    In today’s fast-evolving financial landscape, the ability to harness data-driven insights effectively is more critical than ever. Enterprise Connected Intelligence stands at the forefront as a game changer for financial institutions, revolutionising how they leverage data and AI to drive innovation and enhance operational efficiency.

    Arun Jain

    By integrating diverse knowledge domains—Structured Data, Document Knowledge, Operations Knowledge, Regulatory Knowledge, and Market Knowledge—Enterprise Connected Intelligence empowers financial institutions to make informed decisions swiftly and confidently. This integrated approach not only optimises operational processes but also enhances customer interactions and regulatory compliance.

    At Intellect, we recognise the transformative power of Enterprise Connected Intelligence. It enables financial institutions to unlock the full potential of AI, creating new opportunities for growth and differentiation in a competitive market landscape. By fostering collaboration between human expertise and advanced AI capabilities within a secure IT ecosystem, we ensure that your organization remains agile and resilient in the face of evolving industry demands. Join us in embracing Enterprise Connected Intelligence and discover how it can elevate your organisation’s capabilities, driving sustainable success and customer satisfaction.

    Arun Jain
    Chairman and Managing Director
    Intellect Design Arena Limited

    Cover Story

    Summarising FY24, the first year in Intellect 3.0

    (This is a shorter version of our Chairman’s Letter to Shareholders from the recently published Annual Report for FY 2023-24)

    In the charter for Intellect 3.0, we had identified a few key drivers for growth – Expanding into new geographies, Incubating more platforms, Establishing a strong partner network, Leveraging existing IP and Customer assets – that would guide our Business design for the next few years. It is gratifying to note that we have made significant progress on each of the above aspects in FY24.

    The eMACH.ai Phenomenon

    FY24 commenced soon after the launch of eMACH.ai in February 2023. eMACH.ai is the culmination of our relentless architecture focused R&D initiatives for over a decade – 16 mn person hours! – that seek to constantly calibrate ourselves against the future and retain us ahead of the Technology curve.

    Applying first principles thinking, we succeeded in elementalising the seemingly complex Banking space to finite number of Events, Microservices and Application Programming Interfaces – APIs that act as connectors and successfully deployed them in live Cloud hosted installations for our customers, giving them the flexibility to design and compose their experience layers as well, while simultaneously equipping them with the power of 8 AI technologies that deliver connected Enterprise Intelligence.

    From AI to Enterprise Connected Intelligence (CI)

    Purple Fabric, Intellect’s AI Platform is unique in offering Enterprise grade AI that is secure, robust, accurate, explainable and traceable. As the adoption of AI proliferates to be all pervasive, we differentiate ourselves by the multiplier effect that the synthesis of the 8 technologies brings with a deep vertical context to the Banking & Financial Services space. In contrast to horizontal AI technologies that address parts of the Information value chain with selective, one-off deployments of Bots and Agents, Intellect’s holistic, Design thinking led approach ensures input quality through validated and enriched information using the first 4 technologies and subsequently attempts a close match of the consultative, self managed human decisioning process with a network of self learning Expert agents to deliver insights and recommendations. I have found a strong endorsement of this uniqueness in my meetings with Customers, Consultants and Partners over the last few months. The Industry trend is to move to more efficient vertical focused Language Models, where we have a headway.

    We commenced FY25 with a global summit of our leadership team across Technology, Domain, Business Development and Enablement roles to align and converge on a shared vision for leveraging the power of this technology, translating it into Customer Impact in the areas of transformation of Enterprise, Operations, Experience or in expanding capabilities and in driving efficiencies within for greater monetisation and benefits. During the course of FY24, we had completed multiple cohorts of technology certification in the Composability platform and AI platform as well as trained our Leadership and mid Management in refresher Leadership skills. Read more

    Spotlight

    Intellect recently lauched the second edition of Intellect’s Sustainability Report for FY 2023-24. The report, anchored around ‘Holistic Sustainability’, reflects our ongoing commitment to make a positive impact within our organisation, across communities, and through the broader ecosystem.
    The report is the outcome of a successful third party assessment wherein we were assessed “GRI – In accordance”, indicating full compliance with the AA1000AS v3 standard, including both principles-based and performance information assurance. This indicates a rigorous and comprehensive assurance process resulting in a high level of assurance and confidence in the sustainability report.  Read More

    Recent Success & Implementation

    Intellect in the News

    Industry Watch

    Stay up to date with what is happening in the world of FinTech, with the latest research and articles.

    Everything you should know about transforming into a cognitive enterprise

    Businesses are moving forward on the road to digital transformation. They are learning to adapt to modern technology for improved last mile connectivity with customers, partners and employees.

    These modern or cognitive technologies, viz., Artificial Intelligence (AI), advanced analytics, Internet of Things (IoT), blockchain and 5G, along with automation are reshaping their business architecture, providing a seamless experience through innovation and also helping brands build trust.

    A National Association of Software and Services Companies (Nasscom) survey of 100 CEOs stated that AI and data would be the game changers for businesses. Furthermore, advanced analytics and AI were the No. 1 priority for over 50% of the CEOs, besides hybrid cloud and cyber security.

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    Becoming a Cognitive Enterprise

    In a contributed article featured in the January 2021 issue of CX Insights, one of the emerging trends identified for 2021 was “The Cognitive Contact Center Movement.” As explained in the piece, COVID-19 was a catalyst in accelerating the movement toward the Cognitive Contact Center, and for many reasons. Customers and contact center agents were both affected by the pandemic, forcing companies to adjust things like their channel strategies, workflows, customer journey designs, self-service offerings, automation, and the use of Artificial Intelligence (AI), just to name a few. It was further explained that the Cognitive Contact Center is indeed forcing the customer experience (CX) industry to re-imagine the journey, all with the goal of producing a better agent experience and, ultimately, a more “personalized” experience for customers. With the increased adoption of AI, natural language processing (NLP), machine learning, and sentiment analysis, all signs point to this movement as the start of a trend.

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    How design can elevate strategy and performance

    In a world full of disruption, approaches that have been the bedrock of strategies no longer provide complete answers. Historical data and inside-out analysis can’t be extrapolated with the same certainty. And entire industries have been reshaped so dramatically that the competitive landscape remains frustratingly fluid, raising a question: to stay relevant, where should companies focus?

    To solve these new challenges, companies need new approaches to strategy. Design—and design thinking—is uniquely suited to complement traditional strategy, filling in factual gaps with a user-centric perspective that can help organizations rebound from downturns and improve performance over the long term. Our research has shown that companies that bring design thinking and design leaders into strategic planning generate significantly higher returns for shareholders while enabling their organizations to proceed with greater confidence in the face of shifting landscapes.

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    A complete guide to the design thinking process

    How many projects have you worked on that stalled because your team couldn’t align on the best path forward? How many more got shelved because they didn’t meet user needs or expectations? And how many got delayed in rounds and rounds of never-ending feedback?

    Thankfully, you don’t have to keep repeating those experiences month after month. The (not so) secret weapon: design thinking.

    Design thinking gives teams a new way to approach their projects and overcome some of those well-known challenges. It can help teams understand their users’ needs and challenges, then apply those learnings to solve problems in a creative, innovative way. Understanding design thinking can transform your team’s problem-solving approach — and how you work together.

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