Being leader in Forrester Wave digital banking in latest Q3 2022 report Makes me proud of business and technology designers at Intellect. The highly functional product with complexity of retail banking simplified using MACH architecture gives best of both worlds to the customers – The Depth and The Edge.
With Composable choreographic suite of ITurmeric provides ability self design highly customer focussed user journeys on underlying core banking, lending, credit card and wealth systems.
Manish Maakan, Uppili Srinivasan (Upps), Atanu Ganguli, Andrew England, Debal Dutt and team Intellect Global Transaction Banking | iGTB great show at Sibos 2022.
Upps, I love the succinct 7-minute articulation of COCB – Consumerisation of Commercial Banking (our core theme at Sibos), wired with domain and technology.
The sharpness of 6 tenets of COCB – 1. Hyper Personalisation, 2. Real-time, Connected journeys, 3. Action-triggering insights, 4. Immediacy, 5. Desire & trust-based decision making, 6. Friction-free experience – even at scale, which the banks need to understand and have a gameplan to embrace
3 dimensions of Technology architecture – Composability, Contextuality and Hyperscale along with Data has woven very well.
The need for a Platform and Intellect ability to compose products based on end consumer needs leading to a HOLISTIC experience vs ‘experience at the door’ is captured very well in your video.
I also like 5 imperative for Banks (Revenue Growth, Revenue Protection, Cost avoidance, risk protection and risk elimination) as a driver for choosing Intellect. Congratulations.
It was 24th July, 1993, Polaris Software Lab Ltd got its registration to commence software business.
We got our first international projects from Data General Inc, Raleigh to support their File system. Data General was then a mid range Computer company. We setup first ODC for them at 3rd Floor Carex Center.
Second business was from Saudi Arabia from Saudi American Bank. We supported their client server banking application.
Third contract was from Switzerland with JWS partnership.
The 4th large project was from Software Sidoun, Germany.
The 5th very, very large project was from NEC Japan for writing component based Core banking system. It was led from their Silicon Valley office and it was 100 million dollar contract over 4 years during 1998.
We setup our UK office at Reading, Singapore office, Frankfurt office, Fremont Office, Atlanta office, NJ office, Tokyo office in first 5 years of our operations
All initiatives were bootstraped without any investor support.
It was sheer power of Talent, who believed in sheer entrepreneurial spirit and made the company grew at CAGR of 105 percent over first 7 years which led it to being classified amongst Top 200 Fastest growing companies of the world.
Today Intellect is continuing ‘Path breaking journey in financial technology’ by letting go services business and reinventing its brand to ‘Intellect’ from Polaris.
We let go 2 things at the same time demonstrating Courage of Leadership team at Intellect
1. Cash generating business of Services
2. Globally very well known brand.
I am dedicating this day to BELIEF, Courage, Innovation, intense Customer focus and Power of one intellect team. I draw my daily dose of energy from all of you. Thank you.
We are proud and humbled to win big at IBSi Sales League Table 2022 with six #1 Global Leadership positions. As we are forging ahead and emerging as a new world leader in the industry with our API-based Contextual and Composable banking solutions, our priorities are highlighted through our wide suite of products and solutions that reorient the future of FinTech.
Our customer-centric design thinking approach and algorithmic delivery methodology are robust to ensure defect-free, on-time deliveries while being agile and sensitive to the dynamics of our customers
During my student days, we used to hear stories about how the government procurement system was riddled with numerous challenges starting from the opaqueness of the whole system to counterproductive systemic requirements, there were some serious allegations of inconsistency involved in it as well. All these conversations inspired me to think of ways to harness technology to build transparency, rigour and efficiency in the whole process.
We at Intellect Design Arena Ltd got the opportunity to leverage technology to bring in the new wave of digital when we won the award for building technology and systems for a complete Procurement Portal – Government eMarketplace (GeM) for the Indian Government. This meant that we had to understand the finer nuances of the State Government and Central Government systems. It was a proud moment for me and my teams at Intellect for it was a huge task to live up to the expectations of integrating complex procurement systems run by various organizations under the Central and State Governments. A lot of systems were in practice but many were not documented. Today, our Honourable Prime Minister announced that Government e Marketplace (GeM) has achieved a milestone of 1 lakh crore orders through the Transparent Digital Platform in a single year. According to some reports, the government must have saved over 15% in cost (around 15,000 Cr) besides accelerating bidding and procurement.
Today, I feel pride and humility in equal parts in being able to make a small contribution towards making India better by working to improve the rigour of digital infrastructure in the country. I would like to thank my teams at Intellect Design Arena Ltd who have helped me in making my dream into reality. #GeM #gmv #procurement
Building a government procurement ecommerce portal is much more complex than direct-to-consumer because each government buyer has a complex set of products with different requirements and different work flows.
Intellect is proud to participate in building the nation’s technological infrastructure based on Made in India Technologies. It was a sweet moment for us to win this deal against Amazon a few years back in a very professional evaluation by the government’s bidding system.
Congratulations to the GeM Team led by Talleen Kumar and Intellect’s team led by Vikas Misra, Debanjan Kumar, Hitesh K Arora, Manish Nahar and Krishna Rajaraman.
Thanks to Infibeam’s team of Vishal, Neeru and Vijay. Further celebrations go out to the team of over 300 engineers who are working non-stop to provide high quality service to over a million sellers and government buyers.
Hello, my name is Arun Jain. I am a design thinker living in Chennai, India. This is my blog, where I post my thoughts, technology trends and tips about the fintech world and many more.
