Intellect Design Arena Ltd on LinkedIn: Proud to be featured in FinTech Global’s top WealthTech100 list selected. Intellect joins BIAN to help Revolutionise the API-Driven Contextual Banking Technology Framework - Intellect. Extends Commitment to Open Banking and API-based Contextual Banking Standards through BIAN Membership Intellect Design Arena Ltd, a global leader in Financial Technology across Banking and Insurance, today announced its membership of global banking standards organisations, Banking Industry Architecture Network (BIAN), the non-profit organisation that promotes and provides a common framework for banking industry.
BIAN is a collaborative not-for-profit ecosystem formed of leading banks, technology providers, consultants and academics from all over the world. The organisation helps professionals across the financial services sector to lower the cost of banking, increase their speed to innovation in the industry, and boosts the banks’ activities by revisiting and navigating around their existing resources. “With digital considered a ‘given’ in this race, banks are looking beyond to provide their customers the ultimate experience by always being a step ahead of their expectations. About BIAN. Intellect further expands its footprint in the Kingdom of Saudi Arabia, partnering with Samba Financial Group to offer its signature Digital Transaction Banking platform - Intellect. iGTB, the world’s first complete Global Transaction Banking platform from Intellect Design Arena, today announced that Samba Financial Group, one of the region’s largest and most acclaimed financial services groups, has selected iGTB’s Digital Transaction Banking (DTB) solution.
The bank has selected DTB to power its digital transformation initiatives to strengthen its corporate offering and help attract more customers. The solution will help the bank become more competitive, streamline internal processes and, in turn, generate additional revenue streams. Customer preferences have changed dramatically in recent times in the Middle East, with a steep increase in the uptake of digital banking.
Small, digital-only banks and fintechs are already entering the Saudi Arabian market with next-generation services, determined to win customers. For established players, the pressure is on to provide engaging digital services to protect hard-won market share. Commenting on this partnership, Mr. The Bank of Bahrain and Kuwait goes live with iGTB’s Contextual Digital Transaction Banking platform to support growth - Intellect. Intellect Global Transaction Banking (iGTB), the world’s first complete Global Transaction Banking Platform from Intellect Design Arena Limited, today announced that BBK (Bank of Bahrain and Kuwait), Bahrain’s leading bank delivering brighter banking experiences to its customers, is now live with iGTB’s fully integrated Digital Transaction Banking platform (DTB).
DTB will empower BBK to rapidly and cost-effectively deliver innovative digital banking services and exceptional customer experience for its corporate customers. DTB enables banks to be disruptive in the digital and financial industry through its fully integrated front-to-back transaction banking platform. Leveraging the platform, banks can build solution ecosystems that deliver seamless digital experiences across the corporate financial supply chain. Abdulrahman Ali Saif, Group Chief Executive, BBK said: “BBK is leading the digital revolution in Bahrain with digital transformation projects. Myanma Foreign Trade Bank chooses Intellect for a scalable, future-proof Digital Transformation - Intellect.
In partnership with ACE Data Systems, a Myanmar-based IT conglomerate, Intellect will implement a fully integrated solution for higher ROI, faster GTM as well as more efficient operations for the Myanma Foreign Trade Bank – one of the largest State-owned banks in the country.
Intellect Design Arena Limited, a specialist in applying true Digital Technologies across Banking and Insurance, is proud to announce that it will steward the digital transformation of Myanmar’s State-owned Myanma Foreign Trade Bank (MFTB). Intellect will power MFTB’s digital aspirations with Intellect Digital Core 19.2 – a fully integrated solution with the best of breed functionalities to provide a truly Omnichannel experience. The solution is past-compatible, which means it will integrate with MFTB’s existing system seamlessly. It is also future-proof – giving MFTB the ability to respond with agility to new market demands and scale progressively. About Myanma Foreign Trade Bank.
FAB’s significant leap towards principal banking leadership and digital transformation powered by iGTB’s Digital Transaction Banking (DTB) intercompany lending and liquidity management solution - Intellect. Empowering First Abu Dhabi Bank to differentiate their client offerings through significant new capabilities in the area of liquidity management Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, today announced that First Abu Dhabi Bank (FAB), the largest bank in UAE, has expanded its relationship with iGTB to enhance the bank’s liquidity management capabilities.
With liquidity management now being seen as the key to cash management and vital to retain and attract the largest marquee clients, this move should help FAB achieve its stated aim of improving risk-adjusted returns. With iGTB’s inter-company lending capabilities, FAB can now offer in-house banking capabilities to their top corporate client conglomerates. “We are delighted to extend our partnership, and to go live with FAB.
Intellect Wealth Announced Winner in the 2020 IDC FinTech Rankings Real Results Award for Digital Wealth Transformation at CIMB Thai Bank - Intellect. Recognised in the ‘Efficiency & Agility’ category by IDC Financial Insights Intellect Design Arena has won the IDC Real Results Award 2020 in the “Efficiency and Agility” category for its Digital Wealth Transformation Solution at CIMB Thai Bank.
Aligning with the Bank’s aspiration to be a purely digital bank, Intellect’s digital wealth solution for CIMB Thai empowered Bank’s Relationship Managers (RMs) to deliver on-the-go advisory with a completely de-desked solution (only tablets). The wealth platform automated end-end functions of the RMs from digital onboarding, guided goal-based investment planning, 360 degree customer view, enabling them to provide superior service to their clients with product recommendations, real-time alerts and cross-sell and upsell opportunities. The omni-channel API-led solution backed by deep data analytics, integrated seamlessly with the 13 different systems to provide a single system view to the RMs. Intellect continues on its consolidation path with a steady 14% YoY revenue growth and sharp turnaround in profitability in Q2 FY21 - Intellect. Healthy growth of 131% in License revenues and AMC revenues up by 19% YoYLicense linked revenue (License + SaaS/Subscription + AMC) is at 56% of total revenues as against 41% of total revenues in Q2FY20.Sustained turnaround in profitability with PAT at INR 590 Mn as against a loss of INR 170 Mn in Q2 FY20Expansion of EBITDA margins at 24% of revenues in Q2 FY21 vs 20% in Q1 FY21 Intellect Design Arena Ltd, a cloud-native, future ready multi-product fintech company for the world’s leading financial and insurance clients announced its second quarter results for FY2020-21 today.
I. Calibrated Growth Yielding Predictability Q2 FY21 – Financial Highlights Revenue: Total revenue is at INR 3730 Mn registering 14% YoY growthIn $ terms, total revenue is at $50.13 Mn registering 8% YoY growth. Trailer: Webinar on The Corporate Cash Time Machine. Webinar Trailer: Bank on a Tile - Deploy in minutes; should be easy, but is not. Learn how it can be. iNews - The Grand Premiere of Intellect's Fortnight News Update. iNews - Edition 2 - Comprehensive reportage of all the biggest news of Intellect. AI and Big Data, the holy grail of Insurance - Jayashree Ishwar, Amerisure Insurance. Intellect CBX Retail 20. Webinar: New wealth world order - Empowering relationship managers to deliver hypercare. Webinar: How iTurmeric Fincloud helps banks progressively modernise...
Webinar: Contextual Business eXchange – Origination (CBX-O) Webinar: ARX - An integrated suite of security services. Webinar: Contextual ALM – The changing landscape of balance sheet management in banks. Webinar: Answering to RBI’s Liquidity Compliance Mandate for NBFCs with Intellect CALM Solution. Webinar: Redefining the contours of Customer Self-Service for FX. Multi factor authentication whitepaper arx. Arx brochure. Blog - The Attitude of Challenger Banking, When someone says ‘Challenger Bank’, you imagine a mobile-first legacy-killer, an upstart start-up that’s out to steal the lunch from all the traditional players in town.
They come in various flavours, but are segment specific, catering to SME, or Lending, or CASA; some might have a fashionably disproportionate focus on lifestyle banking. All this requires a high degree of adaptability. Which means APIs and extensive partnership networks. If we took this chain of thought further, we could reasonably conclude that Digital Challenger Banks are completely exclusive from conventional players. That they are a first world phenomenon. Right? Not quite. Take a look at the quadrants below. Which quadrant would you imagine a Challenger Bank would fit in? The answer is ‘all of the above’. And here’s the big reveal: Challenger Banking is an attitude, not an institution.
Welcome to Africa. Under the Hood of a Digital Bank – Part 1 - Intellect Under the Hood of a Digital Bank – Part 1. The reluctance is understandable; a core transformation is no small undertaking.
It is relatively expensive and the outcome of such a transformation is not entirely guaranteed. But there’s more to this reluctance. It hinges on two major concerns on the bank’s behalf – No Stopping the Forces en-marche: The MENA Wealth Market - Intellect No Stopping the Forces en-marche: The MENA Wealth Market. The wealth management industry will stand transformed in the coming years.
The forces that will reshape the industry are already stirring. Their march cannot be stopped. Smart bankers are seeing the opportunity created by these forces and are looking to be the first movers to establish a dominant position in the market. That said, the MENA wealth market is becoming more and more competitive with the addition of new fintechs and non-traditional wealth management providers. The presence of multiple players in the field is intensifying the battle to capture HNI and UHNI market, which constitute only 17% of the total market. A considerable part of the HNI and UHNI client bases have already been tapped however, the wider segment of mass affluent market is growing at a faster pace than the HNIs.
Let’s take a look at some factors further propelling this shift. 1.Concentration of Skills 2. 3. Blog - Understanding Digital Aspirations, Banks Digital Aspirations. What holds back banks today? What is their biggest challenge? If we indulged in a little armchair analysis, the low-hanging answer would be that they are playing catch up with rapidly evolving technology. Look a little closer, and we see that this is far from true. If we looked at a timeline of computer history, it is evident that banks have been the frontrunners in adopting new technology. And once money became electronic, technology began to play a large role in the way business is conducted in financial institutions. The challenges that banks face today have therefore less to do with catching up or keeping up with technology itself, and more because of the emergence of non-banking players who are able to utilize that technology better. Intellect as one of the world’s most innovative WealthTech companies.
Intellect has been recognised as one of the top 100 most innovative WealthTech companies selected from a highly competitive list of over 1200 participants in WealthTech100 awards 2020. This list consists of the world’s most innovative WealthTech companies, which are next-generation solution providers in the investment and wealth management landscape. It helps senior executives and investment professionals evaluate which digital wealth management and financial advisory models have market potential and are most likely to succeed and have a lasting impact on the industry. Intellect Wealth was assessed by a panel of industry experts and analysts on the following criteria: 1. Industry significance of the problem being solved 2. Growth, in terms of capital raised, revenue, customer traction 3.