Embarking on a Cognitive Enterprise Transformation: Leading Indian Wealth Management Firm Adopts IntellectAI's Wealth Qube® for Business Growth and Operational Efficiency

IntellectAI, the WealthTech and InsurTech of Intellect Design Arenas, announces the successful go-live of its relationship-centric, one-stop digital wealth management platform, Wealth Qube® at one of India's premier wealth management firms embarking on a Cognitive Enterprise transformation. This event signifies the first deployment of IntellectAI's Indian Wealth Stack by an independent, top-tier wealth management provider in the Indian market, establishing its status as a frontrunner in the Indian wealth market.

In this strategic collaboration, the wealth management firm aims to fill existing market gaps by offering a frictionless, trustworthy, and personalised investment experience. The focus lies in deeply understanding financial behaviours, providing insights into current financial portfolios, and facilitating access to a carefully selected array of investment products. This underscores the firm's commitment to delivering pioneering, client-centric wealth management services.

Wealth Qube®, designed on the revolutionary eMACH.ai architecture, is a cloud-native, microservicesbased solution aimed at delivering hyper-personalised wealth management services. This advanced platform enhances the firm's operational efficiency through Straight Through Processing (STP). Wealth Qube® offers end-to-end digital wealth lifecycle management, from customer onboarding and investment planning to portfolio management and order processing.

Following the go-live of the Wealth Qube® in the AWS cloud and the launch of the mobile application, the premier wealth management firm has seen remarkable results, including an impressive number of customer onboarding and transaction processing within a short span. This success showcases the effective integration and robustness of the Wealth Qube®.

Banesh Prabhu, CEO of IntellectAI, commented, "The recent go-live of Wealth Qube® with this premier Indian wealth management firm, leveraging the AWS cloud, represents a significant leap in the Indian wealth management sector. Our innovative microservices-based platform is pivotal in enabling the firm to offer bespoke, advanced wealth management services on a large scale, perfectly aligned with their clients' financial goals. This achievement underscores IntellectAI's commitment to innovation and excellence and solidifies our position as a leader in the Indian wealth market."

He added, "At IntellectAI, we are deeply focused on utilising data and intelligence to set ourselves apart in the market with our advanced AI capabilities. Our wealth solution, built on the eMACH.ai architecture, is designed to elevate revenue, reduce costs, and significantly improve the productivity of Relationship Managers. By embedding AI across every facet of our platform, we personalise end-users' wealth management experience, enhancing operational efficiency and client satisfaction. Additionally, our India ready Wealth Stack is a testament to our commitment to the Indian market, offering quick and efficient deployment capabilities that enable our customers to seamlessly integrate and leverage our wealth platform. This integration of AI and readiness for the Indian market is a cornerstone in our strategy to drive digital transformation in wealth management, ensuring our clients and their end-users receive the most sophisticated and efficient service possible."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 710.30 as compared to the previous close of Rs. 696.25. The total number of shares traded during the day was 23956 in over 1387 trades.

The stock hit an intraday high of Rs. 716.00 and intraday low of 696.25. The net turnover during the day was Rs. 17002377.00.

Source : Equity Bulls

Keywords

IntellectDesignArena INE306R01017 IntellectAI WealthQube