Intellect Design Arena Ltd, a specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, today announced that it has been positioned as a leader in the IDC MarketScape: Worldwide End-toEnd Corporate Banking Solution Providers 2019 Vendor Assessment (doc # EMEA44888719, March 2019).
The IDC MarketScape noted, "The iGTB digital transaction banking platform is a well-known offering in this marketplace and is backed up by the iGCB core lending system, iRTM risk and treasury offering, and various other modules that can deliver end-to-end corporate banking capabilities. The strong product set has been supplemented by the front-end Contextual Banking Experience (CBX) 18 launch and a major product re-engineering initiative two years ago."
Commenting on the recognition, Arun Jain, Chairman & Managing Director, Intellect Design Arena Limited said, "APIs, machine learning, predictive analytics and other technologies to automate and customize operations for corporate banking and B2B transactions create the "best-next" actions for banking clients. Intellect's API-first, digital transaction banking platform coupled with real-time readiness for contextual banking, will help transaction banks revolutionize customer service, maximize efficiency and boost revenue. This recognition from the IDC MarketScape is an important validation of our commitment and strategy to deliver end-toend Contextual Experience in Corporate banking, which uses predictive analytics and machine learning to understand and anticipate the needs of corporate banking clients."
"Opportunities to integrate various functions of corporate banks more coherently using an endto-end (E2E) corporate banking solution that spans channels, processing needs and functions in a convenient package are self-evident. E2E solutions help banks link together their services more efficiently. These solutions also enable banks to digitally transform operations and prepare for cloud, more open API usage, and the development of ecosystems packed with various providers, should they so wish." said Thomas Zink, Research Director, IDC Financial Insights. "Intellect is positioned as a Leader in Worldwide End-to-End Corporate Banking Solution Providers 2019. Consider them when you want a forward-looking firm with a good cloud and technology strategy that is product - and corporate-banking-focused, or if you're in a developing market."
IDC MarketScape assesses seven IT software providers offering end-to-end solutions to corporate banks, spanning channels, their core processing needs, and functional capabilities from treasury to lending in a convenient package. It examines vendors' readiness to meet the data, cloud, and open API challenge to established ways of doing business, their ability to incorporate into their road maps, new technologies such as Artificial Intelligence (AI), machine learning, and robotic process automation (RPA), which can help efficiency and pattern-spotting for risk mitigation and opportunity services.
Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.220.95 as compared to the previous close of Rs. 228.95. The total number of shares traded during the day was 35415 in over 689 trades.
The stock hit an intraday high of Rs. 230.05 and intraday low of 219.45. The net turnover during the day was Rs. 7884718.