Intellect scores another hattrick with three #1Global Rankings in IBS Sales League Table 2024

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 being ranked #1 in three of its banking offerings by the UK-based independent analyst firm, IBS Intelligence. Intellect continues to lead the fintech industry with top rankings in Retail Core Banking for the sixth consecutive year, Transaction Banking for the fifth consecutive year, and Lending for the third consecutive year. Intellect also secured #2 positions in 8 other financial technology categories and retained#3ranking in "global leadership for geographic spread" for the fourth year in a row.

IBSi's Annual Sales League Table is a widely regarded industry benchmark that measures theperformance of global banking technology solutions. Running for over two decades, The Sales League is recognised as a key indicator for financial technology supplier sales performance across the banking industry. This comprehensive ranking provides valuable insights into market trends and the competitive landscape, enabling businesses to understand the dynamics and evolutionof the fintech industry.

Revolutionary Open Finance Platform: eMACH.ai, First Principles Thinking-based EnterpriseConnected Intelligence Platform

The driving force behind Intellect's success is its eMACH.ai, the most comprehensive, composableand intelligent open finance platform. With an impressive array of 329 microservices, 535 events, and over 1757 APIs, eMACH.ai enables financial institutions to build future-ready solutions, providing them with a global competitive edge. Intellect's approach emphasises the development of strategies centered around customer needs, focusing on creating substantial business impacts rather than just optimising technology.

Global #1 Retail Core Banking Leader for the Sixth Consecutive Year

eMACH.ai Composed Intellect Digital Core (IDC) retained its #1 Global Leadership positioninRetail Core Banking for the sixth year. IDC is a comprehensive Core Banking Product, enablingbanks to create signature banking for their evolving customers.

IDC offers an integrated banking suite covering the entire customer financial life cycle, includingCurrent & Savings, Deposits, Lending, Credit Card, Trade Finance, Treasury, and Digital Banking. Using AI/ML-based models and rule-based engines, IDC ensures exceptional customer experiences with zero reconciliation errors via its N-tier General Ledger. Its omni-channel platformreduces branch wait times, supports digital account opening, and enhances engagement. Open financecompliant and based on a microservices architecture, IDC fosters innovation through a connectedecosystem and supports deployment on private, hybrid, and public clouds, promoting sustainablebanking options.

Global #1 Transaction Banking Leader for the Fifth Consecutive Year

eMACH.ai Composed Digital Transaction Banking (DTB), a composable, cloud-native, integratedtransaction banking platform retained its #1 Global Leadership position in Wholesale Banking(Transaction) for the fifth consecutive year. The platform has revolutionised cash management by enabling banks to effectively make, manage, and move money, maximising revenue andenhancing customer experience across various industries.

As an integrated and intelligent platform, DTB covers all aspects of transaction banking, includingaccounts services, payments, liquidity management, collections, virtual accounts, trade finance, and supply chain finance, providing a comprehensive solution for every client and sector. DTBoptimises capital, maximises ROA and fee income, improves product cross-sell and distributionchannel effectiveness, supports SME franchises and growth sectors, and ensures full regulatorycompliance for large corporates and MNCs. Over 60 global banking groups benefit fromDTB, which handles 50% of total corporate collections transactions across regions like India, the MiddleEast, Asia Pacific, Africa, and Europe, setting a new standard in banking efficiency and customer satisfaction.

Global #1 Retail Lending Technology Leader for the Third Consecutive Year

eMACH.ai Composed Lending Platform, iKredit360 retained its #1 Global Leadership positioninLending for the third year. iKredit 360 is a comprehensive and composable credit technologyplatform that enables institutions to curate unique credit experiences for merchants, channel partners, and end consumers. It supports a wide range of credit products across Retail, Corporate, and SME segments.

iKredit360 facilitates comprehensive digital credit transformation, offering smarter, faster, andomnichannel origination, including customer-initiated and sales-assisted journeys, API-basedfintech integration, digital data aggregation, and zero-touch documentation with digital signatures. Banks and financial institutions using iKredit360 can grow origination volume by 3X, enhancecustomer self-service experiences with frictionless lending, and reduce past-due and written-off loans by 20%.

Global #2 and #3 Rankings across 8 additional global financial technology categories

Additionally, Intellect also secured #2 rankings in 7 key categories: Digital Banking Channels, InsurTech (fourth consecutive year), Wholesale Banking Payments Systems, Islamic Lending(Retail), Islamic Digital Banking, Regional Leader (North America), and Domestic Leaders - India(Retail Core).

Also, Intellect maintained its #3 ranking for global leadership in geographic spread for the fourthconsecutive year. These accolades underscore Intellect's broad expertise and global impact across diverse sectors of the financial technology industry.

Commenting on Intellect's performance, Robin Amlôt, Managing Editor at IBS Intelligence said, "Intellect's continued dominance at the IBSi Sales League Table underscores its pioneering role in the fintech industry. Their commitment to innovation, exemplified by the groundbreaking eMACH.ai platform, continues to set a high benchmark in Retail Core Banking, Transaction Banking, and Lending. Intellect's solutions are not onlyreshaping the present landscape but are also poised to lead the evolutionof financial services globally, driving unprecedented advancements and customer-centric solutions.

"Commenting on the IBS SLT 2024 recognition, Arun Jain, Chairmanand Managing Director, Intellect Design Arena Limited said, "We areelated to lead the industry with our groundbreaking solutions, achieving significant victories at the IBSi Sales League Table 2024. Our eMACH.ai-poweredproducts and platforms, built on First Principles Thinking, are revolutionising the FinTechlandscape, driving Enterprise Connected Intelligence transformation."

He further added, "eMACH.ai is at the heart of our success. This cutting-edge architecture, withits 329 microservices, 535 events, and over 1757 APIs, empowers financial institutions to createhighly composable and future-ready open finance platform. This recognition by IBS Intelligencevalidates our strategic focus on eMACH.ai and its potential to transform the financial services industry. As we continue to advance our technology and expand our capabilities, our goal remains to empower financial institutions worldwide to achieve sustainable growth and success throughinnovative and intelligent solutions."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 1076.35 as compared to the previous close of Rs. 1068.15. The total number of shares traded during the day was 55941 in over 4080 trades.

The stock hit an intraday high of Rs. 1118.00 and intraday low of 1070.05. The net turnover during the day was Rs. 61203026.00.

Source : Equity Bulls

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IntellectDesignArena INE306R01017 1GlobalRankings IBSSalesLeagueTable2024