Travel to Dubai for the launch of Intellect’s ‘First Principles’ Technology suite

My interactions proved to be incredibly enriching. I had the privilege of meeting the COOs and CIOs of three major banks in the UAE, gaining first-hand knowledge about their current strategies. I was particularly impressed by their operational efficiency, evident in their high net margins (around 60%) and low cost-to-income ratios (between 25 and 32%).

Beyond business, I was captivated by the speed of change of the region. The drive from Dubai to Abu Dhabi, a mere 1 hour 10 minutes at 140 km/hour (87 mph) much higher than speed limit of 65 mph in US. I like the way the green trees are planted along the highway with drip irrigation in complete desert.

In Abu Dhabi, the “richer and older brother” of Dubai, I met with a customer of ADIB and engaged in a stimulating discussion about applying first principles thinking.
I could able to visit few Tourist structures built in Abu Dhabi : the Louvre Museum, Qasr-a-watan and the Grand Mosque. All 3 structures are big in size as well with great craftsmanship.

What I liked about the trip that Human can reverse the direction of desertification if they want. I noticed vegetables and fruits from local farms that too in the Desert of the UAE and they were using all bio fertilisers.

Rajesh Saxena Rajeev Kakar Sandeep Chouhan Banesh Prabhu Manish Maakan

March 1, 2024

First Principle Design eMACH.ai anniversary

IntellectAI, leveraging advanced technologies such as NLP, Computer Vision, and Big Data, has successfully tackled the challenge of extracting contextual intelligence from complex documents set. This innovative approach, employing proprietary domain-specific models, algorithms, and GenerativeAI, has paved the way for developing DIMS – Document Intelligence Management System. iFABRIC DIMS Platform is solving four frames of mystery.

Frame 1 : Document Classification
Frame 2 : Document Extraction
Frame 3 : Extracted data Accuracy and Validation
Frame 4 : Enriched Decision Grade data

Currently, many Fintech companies are solving each use case separately similar to early stage RDBMS companies during 1980 to 1990s era. Since my 37 years in Banking industry, I believe Banks need trusted and Integrated platform on which multiple Contextual experiences can be designed like Autonomous Credit underwriting, Large interdependent data of Trade financing, Right and compliant advise for HNIs, Embedded AI Agents to streamline operations, complex GRC alerts and embedded compliance during customer advise/ risk reporting.

All the above use cases are interdependent and require a designed approach to build a cohesive Cognitive Enterprise.

At eMACH.ai anniversary, our iFABRIC platform has won over 18 mandates from global P&C insurance, Wealth, and Investment banks and large corporates. We are running ‘Proof of Impact’ in over 40 progressive customers as of now.

I must congratulate the IntellectAI team, who applied the first principles of design thinking to demystify complex 51 step AI use case design process to just 5 step Algorithm for creating Business Impact embedded AI.

Intellect Design Arena Ltd Banesh Prabhu Deepak Dastrala Hari Menon Laila Beane Sandeep Tandon

hashtag#IntellectAI #eMACH.ai hashtag#FirstPrincipleDesign hashtag#iFABRIC hashtag#Success hashtag#IntellectAI

February 1, 2024

SRM University to introduce new course on Design Thinking

I am happy to share that our efforts to bring design thinking to the forefront of education have finally come to fruition! After 5 years of advocacy, SRM University will introduce a Design Thinking course for their 8000 students starting in July 2023. Our team was honoured to host college faculties, principals, and education department officials from 19 different countries at our Design Center.

Yesterday, I had the privilege of anchoring an interactive session on the importance of a design mindset in students and the power of the Five Minds to enhance their learning experience. The participants learned about leveraging design thinking as a pedagogical tool in their teaching and evaluation methods.

It was humbling to see individuals from 20 different nationalities come together and discuss the role of design thinking in shaping the development agenda and leadership skills of students. This visit is just the start of our mission to spread the philosophy of Design Thinking to the world.

Represented 19 countries are: Azerbaijan, Bangladesh, Bhutan, Cameroon, Eritrea, Ethiopia, Kenya, Kingdom of Eswatini (Formerly Swaziland), Maldives, Morocco, Mozambique, Namibia, Nigeria, Sudan, Tajikistan, Tanzania, Uzbekistan, Vietnam, and Zambia.

Congratulations Dr. Anbu Rathinavel who patiently worked on this agenda.

February 1, 2023

Winning big at IBSi Sales League Table 2022

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

#designthinking #globalleadership #IBS

June 12, 2022

Government e Marketplace (GeM) has achieved a milestone of 1 lakh crore orders

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

March 12, 2022

Happy Intellect Day

Guru Purnima and Intellect Day are coinciding on the same day. The purpose of Intellect is to drive the culture of continuous learning and make a small difference to humanity by applying design thinking holistically.

For my global friends, Guru Purnima means ‘celebrating teachers’ in your life on a full moon day.

A teacher is anyone who has helped you grow in your thinking by igniting curiosity and inspiration.

I enjoy the company of this august group of learners/teachers at Intellect and my customers who provide me continuous energy, joy and fulfilment.

This inner energy and joy gets transferred to our customers where we help them work with the best-in-class FinTech solutions with the passionate leaders of intellect. In this journey of partnership, we mutually play the role of teachers, sometimes co-creating the experience of a customer’s customer. In today’s era it’s called ‘Digital’ but to us it’s joy and fulfilment for the end customer.

We transfer this joy to the young achievers of Ullas by inspiring them with a similar curiosity and joy of learning. This process has the power of Positive Virality.

Again, Happy Teacher’s and Intellect Day!

#designthinking #learning #inspiration #creativity #leadership #fintech #innovation #teachers

August 12, 2021

Intellect is proud to participate in building the nation’s technological infrastructure

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.

https://economictimes.indiatimes.com/news/economy/finance/public-procurement-from-gem-portal-crosses-rs-1-lakh-cr-ceo-talleen-kumar/articleshow/81733835.cms

May 12, 2021

Salaries in the US

1. School Teacher – 40,000 to 80,000
2. Teaching Assistant – 50,000 to 60,000
3. Assistant Professor – 90,000 to 110,000
4. Associate Professor – 130,000 to 150,000
5. Tenured Professor – 175,000 to 195,000
6. Doctor – 225,000 to 275,000
7. Specialist Doctor – 250,000 to 400,000
8. Lawyer – 250,000 to 400,000

These are the average salaries varying from $40,000 to $400,000.

Does it have any relation to the beginning of inequalities in our society?

Does it have any relation to modern caste/race system in framing?

May 11, 2020

5 points in our journey to be a global FinTech player

We are happy to announce our successful FY19 results, the results vindicate 4 points in our journey to be a global FinTech player
a) Belief in ourselves to deliver cutting-edge products
b) The power of brand driving business outcomes
c) Culture of Design Thinking driving operational excellence
d) Partnership with customers driving the outcome from contextual and digital

There are 3 triangles in which a product company works – Strategy, Business and Finance.

The Strategy triangle is all about the organisation’s design, technology, and the market that is chosen. So, making the right choices of 4 LOB structures, contextual & digital and advance market share is the 1st strategic triangle that is working for us

The Business triangle, where we are getting 65% of our revenue from advance market. There is a better pricing power, our products are chosen by top 3 players in each market which is supported by our license revenue growing from an average of $250K to close to $1Mn license value.

3 drivers of the Finance triangle: 36% growth in revenue, 144% growth in EBITDA, 180% growth in PAT, which is the outcome of strategy & business.

I must congratulate and thank the high intellect and committed leadership team and talent who made us achieve what we promised the investors.

May 10, 2019

Intellect wins a destiny deal from one of the top 20 banks in North America

Intellect has won a large multi-million destiny deal from one of the top 20 banks in North America, for a Digital Transformation program in Payments. This deal is significant to Intellect as this is the highest deal ever won by the company.

The bank has executed the software license agreement for CBX 18 (Digital Platform) and Contextual Payments. The transformation program will be executed by iGTB in partnership with a global leading cloud platform and cognitive solutions company over a period of 3-4 years.

The Digital Payment Transformation initiative is a top five enterprise initiative within the bank established to drive digital leadership and regulatory mandates while delivering new payments capabilities and services to customers. By extending existing payment capabilities within the bank in new digital ways and adding complimentary contextual payments services, Intellect will be a strategic partner in the bank’s large transformation agenda.

This win in North America vindicates Intellect’s deep and early investments in building Cloud Native, Micro services based Omnichannel API first digital architecture for large, global and leading banks in driving Intellect’s products superiority in the FinTech world

#APIfirst #CloudNative #Omnichannel #ContextualPayments #iGTB

May 10, 2019