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 forthe third consecutive year and #1 ranking in InsurTech forthe second consecutive year. The company is also ranked #1 in Retail Lending inthe 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 overtwo decades now and is recognised as a barometerforfinancial technology suppliersales performance across the banking industry.
Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, has retained its #1 Global Leadership position in Retail Banking for the sixth year in a row in a highly competitive segment. iGCB offers an end-to-end contextual banking suite including core, lending, cards, central banking and digital channel solutions for retail and corporate banks across the globe. The award winning platform ensures a unique blend of integrated functionality and agility with its micro services-based, API-first, cloud-native architecture and powerful integration capabilities.
Intellect Global Transaction Banking (iGTB), the world's first complete Global Transaction Banking platform, retains its #1 Global Leadership position in Transaction Banking in a highly competitive segment for the third consecutive year. iGTB has also retained its#l ranking as the bestselling Wholesale Banking - Transaction Banking system. iGTB spearheads the consumerization of corporate banking through composable, cloud-native platform powered by microservices and Open Banking APls. Its Contextual Banking Experience (CBX) is a rich omnichannel suite that covers all Transaction Banking needs (Digital, Payments, Cash Management, Virtual Accounts, liqUidity, iColumbus.ai Trade and Supply Chain and more). iGTBwith its highly successful iGTBOxford School ofTransaction Banking initiative is designed to leverage best-practices, stories, challenges, learning and successes to enable banks to meet their Pri ncipal Bankerambition forcorporate customers.
Intellect SEEC leads the IBSi InsurTech category for the second consecutive year with its #1 ranking. It is an insurtech transformation partner with contemporary AI and ML solutions, data insights triangulated from thousands of sources and agile technology, data science and consulting teams - taking a strategic approach to tackling the biggest challenges for insurance. With Intellect Fabric, a single scalable platform for insurers, InteliectSEEC has contextualized cloud, big data and machine learning to solve the most complex busi ness problems, while enablingthe most effective userexperience across the underwriting value chain.
Intellect's Digital Lending Platform, recently relaunched as iKredit360, made debut as #1 in its Retail Lending category. iKredit360 is a comprehensive and composable technology platform that enables institutions to curate unique credit experiences to merchants, channelspartners, and end consumers. With its ability to converge multiple elements such as internal and external systems, financial products, credit Iifecycle, and FinTechs, iKredit360 empowers financial institutions to become the primary engagement point for their customers by offering both commoditised and specialised credit products across all business segments including Retail, Corporate, SME and Agri.
Intellect has been ranked #1 in the 2022 edition of Global Leader in Product Breadth. Intellect's solutions help banks lead businesses on the path to growth and success and help move the banking world forward.
Intellect's Global Consumer Banking ranked #1 in the 2022 edition of Regional Leader (ASEAN).
Commenting on Intellect's performance, Robin Amiot, Managing Editor at IBS Intelligence said, "It has been quite ayear for Intellect DesignArena. Forthe sixth year in a row, the company retained the top spot in the Retail Core Banking category, perfonming strongly in the APAC region, followed by Africa and Europe. Intellect Design Arena also racked up its third year as leader of the Wholesale Transaction Banking category. The company was a clear leader here with a nearly equal number of deals from the Americas, Europe, and the Middle East. It was also the second year running that Intellect Design Arena held the top position in InsurTech. In fact, it is worth noting that Intellect Design Arena has held top slot in the latter two categories since both the InsurTech and Transaction Banking categories were fi rst introduced to the IBSi SLT!"
He further added, "What's more, if all that were not enough, Intellect Design Arena also secured the #1 position in Retail Banki ng Lendingsolutions, emergingas amarket leaderin this category. Its share increased from 18% in 2020 to 40% in 2021! The company was also recognized as a Regional Leader for its Intellect iGCB and Intellect Digital Banking Experience platform in the ASEAN region, and as a Global Leader for the overall breadth and strength in depth ofits product range. Together with aclutch of strong second place positions in other categories, Intellect Design Arena has demonstrated exceptional performance."
Expressing his views on emerging as a leader, Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said, "We are proud and humbled to win big at IBSi Sales League Table 2022 with six #1 Global Leadership positions. As we are forging ahead and emerging as a new world leader in the industrywithourAPI-based Contextual and Composable banking solutions, our priorities are highlighted through our wide suite of products and solutions that reorientthe future of FinTech. Our customer-centric design thinking approach and algorithmic delivery methodology are robustto ensure defect-free, on-time deliveries while being agile and sensitive to the dynamics of our customers' priorities."
Alongwith the six#l Global Leadership positions, Intellect ranked #2 in the Digital Banking category, #2 in the Private Banking and Wealth Management, #2 in the 2022 edition of Global Leader - GeographicSpread and Intellect's Digital Banking Engagement Platform ranked #2 inthe 2022 edition of Regional Leader (ASEAN).
With the world still recovering from the pandemic, the IBSi Sales Table 2022 rankings stand testament to FinTechs that are challenging the status quo and are atthe forefront of innovation and accelerating the digital transformation oftheircustomers.
Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 645.55 as compared to the previous close of Rs. 662.45. The total number of shares traded during the day was 21498 in over 1408 trades.
The stock hit an intraday high of Rs. 658.05 and intraday low of 643.50. The net turnover during the day was Rs. 13977479.00.