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Intellect Digital Core (IDC) ranked world #1 by IBS Intelligence Annual Sales League Table 2020

Posted On: 2020-07-08 00:09:37


Intellect Global Consumer Banking (iGCB), the flagship retail banking suite of Intellect Design Arena Ltd, a global leader in Financial Technology across banking and insurance, has bagged the Global Acclaim of #1 Best Selling Retail Banking Solution in the world by the highly respected, independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets.

The IBS report covers systems purchases made by over 1,700 banks across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC. This commendation is the latest validation of Intellect Design's strategy of offering a Best in Class Integrated Digital Banking Platform with Front to Back Capabilities in Retail Banking.

Apart from the #1 ranking for Retail Banking itself, the report also validates our future-proof architecture covering both Retail and Corporate Banking, since Intellect Design was also ranked # 1 for the Wholesale Banking | Transaction Banking category in the same survey. Additionally, even the modular solutions across Lending and Digital Banking & Channels are in the top 3 thanks to their comprehensive functionality and independent utility.

Rajesh Saxena, CEO, Global Consumer Banking (iGCB), Intellect Design Arena, said, "This is a complete testament to our approach to banking technology. We have broken the one-shoe-fits-all paradigm and brought a level of flexibility to how banks like you would prefer to drive your digital transformation in a "Progile" manner - leveraging our Olive Fabric capabilities. Intellect can therefore manner - leveraging our Olive Fabric capabilities. Intellect can therefore refresh, a channel refresh or even a middleware-led digital refresh in a Progile manner."

To keep abreast of digital trends, iGCB designed an exclusive leadership program around digital transformation in collaboration with the Cambridge Judge Business School. The first edition of this 3-day residential program at Cambridge, UK was held in January 2020 and was a tremendous success. The next edition will be announced soon, in the best possible format that circumstances will allow.

iGCB offers an end-to-end Contextual Banking suite for retail and corporate banking across Core, Lending, Cards, Wealth and Central Banking. Its unique blend of integrated functionality and agility is made possible by its microservices-based, API-first, cloud-native architecture with powerful Olive Fabric capabilities.

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.106.9 as compared to the previous close of Rs. 107.85. The total number of shares traded during the day was 12813 in over 185 trades.

The stock hit an intraday high of Rs. 109.6 and intraday low of 105.1. The net turnover during the day was Rs. 1380187.


Source: Equity Bulls

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