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IntellectAI announces the launch of iESG, a global ESG solution designed for financial institutions

Posted On : 2022-10-26 14:06:17( TIMEZONE : IST )

IntellectAI announces the launch of iESG, a global ESG solution designed for financial institutions

IntellectAI, a Suite of Artificial Intelligence products from Intellect Design Arena, today announced the launch of iESG, the latest addition to its line of AI powered solutions for institutional investors, asset managers, corporate banks, and insurance carriers. Intellect, the global fintech leader, continues to be at the forefront of transformation in insurance and financial services - by creating a solution designed to meet the demand for companies to manage their Environment Social Governance (ESG) risks. Intellect continues to push these historic industries ahead with solutions using innovative technologies to meet the changing demands, while also understanding that sustainability has become a priority for many companies.

The past few years have seen a sense of urgency to uphold integrity in business practice when providing access to capital and banking services. This obligation has become a priority, and iESG provides clients the insights they need to make informed business-critical decisions in a world of fragmented, imperfect, and inconsistent ESG data.

iESG brings together the benefits of all market-wide data sources and real-time media coverage into a single, composable and contextual ESG data catalogue, with supporting raw data, assessment tools and dashboards for financial companies to integrate into their own business.

There are several scenarios, including assessing product/client suitability and pricing, ESG exposures across investment portfolios, informing ESG investment policy and providing reporting to regulators and auditors, which are driving the need for an accurate, sustainable solution that can be used to help financial institutions provide ESG insights for client portfolios. Intellect's decades of experience serving clients across the financial services spectrum provides an appreciation for the real-world challenges faced by industry at a strategic and operational level.

Speaking on the launch of iESG, Banesh Prabhu, CEO, IntellectAI, commented, "Sustainability is the biggest story of this generation, and iESG is our contribution to the collective global effort required to achieve this new vision. We are looking to partner with financial service institutions looking to unlock new avenues for material risk assessment and direct the flow of money toward making the world a safer, more equitable, and a more pleasant place to live."

Prabhu continued, "Intellect is the leading player, perhaps only as of now, in the market that provides the opportunity to bring together structured market data with unstructured media intelligence, all enabled through composable user experiences designed around our clients' unique use cases. Rather than compete to be seen as the single source of truth, iESG respects that there are different angles to and sources of ESG data that can be used to inform our clients' opinion, and that multiple views may be important to take into account."

He further added "We successfully introduced iESG into one of the world's largest sovereign wealth funds and a top-tier UK wealth manager - collectively overseeing over $1.2tn in assets under management. I am genuinely excited to see how this product can continue to contribute to the growth of even more companies as they operationalize their ESG strategies."

Shares of Intellect Design Arena Limited was last trading in BSE at Rs. 512.30 as compared to the previous close of Rs. 511.50. The total number of shares traded during the day was 5906 in over 665 trades.

The stock hit an intraday high of Rs. 516.35 and intraday low of 505.05. The net turnover during the day was Rs. 3030445.00.

Source : Equity Bulls


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