Reshared: SRM has introduced Design Thinking course for all first year students. A major breakthru in curriculum where ‘Design The Thinking’ based on unmukt is becoming the foundation stone for understanding the Technology and Engineering better.
Congratulations to all faculty who spent enough time in learning the new pedagogy at School of Design Thinking under the leadership of Dr. Anbu Rathinavel.
Power of Committed Communities
24.7 is the foundation date of Polaris/Intellect group 30 years ago. Aptly, ‘24 by 7’ became the DNA of members of this group who continuously think, work and achieve designing and developing better technologies for their customers across the globe.
The 30 years of collective community power translates to 10957 calendar days and over 1.5 billion hours of design, innovation and execution of a vision in global Financial Technology. A vision that is jointly shared with our customers.
I must record my gratitude to all customers who trusted Polaris/Intellect from 57 countries to connect their dreams to drive better banking for their customers.
We started our journey at the beginning of Banktech Wave 3 when the era of distributed computing and relational databases was just emerging over the Mainframes and Mini computers era. We proudly participated in providing cutting-edge technology in building the first high volume Credit Card processing application and Core Banking application on the distributed architecture of small Solaris machines and Oracle DBMS for Citibank. A unique achievement which was unheard of in that era. And then we never looked back.
In a short span of 7 years, customers from Singapore, Australia, Middle East, Germany, Switzerland, UK and US started placing their trust with our technology teams. And top 4 of 10 North American Banks, top 6 of 10 European Banks, top 9 of 10 Middle Eastern Banks, top 7 of 10 Indian Banks and top 5 of 10 South East Asia & ANZ Banks place their trust on Intellect when it comes to technology.
The process of shared visioning and imagining the nextgen through ‘Lakshya’ (our visioning exercise across the organisation) helped the group to transition smoothly to Wave 4 and now Wave 5 ahead of its competitors. Today Intellect’s launch of eMACH.ai is a new paradigm in choreographing and composing contextual experiences at double the speed.
My gratitude to all associates (employees in industry terms) and partners, past and present, of this 24 by 7 movement, who helped in building a strong culture of small communities (teams) who asked the right questions and found the right and appropriate solutions, wiring them in our customer complex ecosystems. The culture of smart communities focussed on deep functional and technology research, product engineering, customer transformations, and life cycle support spread across 25 countries makes me proud today.
Our resolve of bringing transformation through ‘Mission Samriddhi’ in rural India and building the spirit of ‘Can Do’ in children through ‘Ullas Trust’ is our way of contributing to society and expressing our gratitude to the roots from where we have emerged.
On this important day, I feel humbled by the power of dreams, entrepreneurship and communities. A very Happy Foundation Day to all my associates, customers and partners and I look forward to our continued journey together.
hashtag#Intellect hashtag#LiveYourDream hashtag#Polaris hashtag#FoundationDay
I had a meeting with Nikunj Dalmia, Managing Editor of ET Now today where we discussed the current question facing the banking industry.
As a designer of banking technology for the last 37 years, I believe that the complexity of the global banking industry can be represented through the Banking Complexity Pyramid. This complexity includes the interconnected world, regulatory compliances, extreme economic fluctuations, and five generations of existing technologies.
Investor communities often react based on visible symptoms like Brexit, Trump, or Russia/Ukraine, without conducting a detailed analysis. However, the controllable element in this complexity is technology, and a holistic design is required to build resilience against regulatory changes, an interconnected/interdependent world, and economic fluctuations.
I believe that technology investments are crucial for banks to navigate the complex banking industry and build resilience.
At Intellect 3.0, we have invested over 600 crores in building the Open Finance platform eMACH.ai based on BankTech wave 5 by converging 5 technologies of events, microservices, API, cloud, and AI.
Our platform helps banks’ in-house business, operations, and technology teams to ‘Connect’ broken windows created by ‘Residual Legacy’ and compose agile solutions by using 285 independent microservices (Core Banking, Lending, Credit Card, Wealth and Corporate Banking) and tightly wire the entire ecosystem using 1214 API’s. This platform helps banks to co-design technology transformation in a very systematic way and helps reduce operations costs by 20%.
hashtag#bankingtechnology hashtag#etnow hashtag#eMACH.ai hashtag#openfinance
On 14th Oct, I had the opportunity to present India’s first Assistive Technology Start-Up Awards by AssisTech Foundation (ATF) in partnership with NASSCOM Foundation at IIT Madras Research Park (IITMRP) !
As a part of its 10X programme, IIT-Madras Research Park is betting big in the Assistive Technology (AT) space and intends to help create several start-ups in the coming years.
This initiative focuses on supporting & scaling indigenously built, affordable assistive technology products/solutions for India and the world to empower all Persons with Disability.
As a small step towards this direction, IITMRP organised a conference (13 th to 15 th October) a one-of-a-kind event bringing together the academia, industry and end users of Assistive Technologies,that is persons with disabilities. This conference was having 20+ presenters, 8 workshops and 80+ exhibits.
Many congratulations AssisTech Foundation IITMRP, AssisTech Foundation, Nasscom and all the winners of the first AssisTech Awards.
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.
iGTB #sibos2022 #COCB #designthinking #intellect
I am reading a book ‘The Code Breaker’ written by Walter Isaacson. It’s about CRISPER the gene editing tool, which is changing the way Biology worked till now.
I read only 150 pages till now which describes the journey of Doudna and charpentier, over 25 years which resulted into final Technology of Gene Editing using CRISPER- CAS9. I love the story telling of Walter and could feel the moments of discovery, connecting the dots to paint big picture and building the technology itself.
I can relate this book to the way at Intellect we built two technologies – Fabric Data Services as a platform and Turmeric technology. We experienced similar ‘moments of Aha’ when we connected little dots to paint the big picture.
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.
#Intellect #designthing #belief #foundationday
I did not realise that design Thinking video has crossed 3,40,000 views.
In this video, I shared my experiences of difference between ‘DESIGN THE THINKING’ and Process of Design Thinking. For bringing effectiveness to the Design thinking, we need to prepare the soil of the mind by ‘designing the thoughts’ in a structured manner.
It’s thinking design that begins the shift in ‘mental models’ to drive change in organisation culture which can challenge the business as usual and build creative collaboration to drive final finish products and services.
In this Video, I tried to document and synthesised five core capabilities of human mind as Imagination mind, Learning mind, Result Mind, Effective Mind and Influencing mind.
It’s just 12 minutes video.
#designthinking #learning #creative #culture #intellect #schoolofdesignthinking #Missionsamriddhi
I conducted the session with 24 leaders of All India Council of Technical Education(AICTE) yesterday. The entire team travelled to Intellect design Center from Delhi and other cities to attend this 2 day workshop.
I love the enthusiasm and zeal for learning during the session. They took out their weekend to learn. I love the questions they were curious to ask.
I think that’s the change we are looking in Engineering and management education under the leadership of Anil sahastrabuddhe, where administrators are first learning hands on before introducing Design Thinking as a course in all engineering and management education.
#leadership #design #engineering #engineering #management #education #designthinking #aicte #intellect
I conducted the session with 24 leaders of All India Council of Technical Education(AICTE) yesterday. The entire team travelled to Intellect design Center from Delhi and other cities to attend this 2 day workshop.
I love the enthusiasm and zeal for learning during the session. They took out their weekend to learn. I love the questions they were curious to ask.
I think that’s the change we are looking in Engineering and management education under the leadership of Anil sahastrabuddhe, where administrators are first learning hands on before introducing Design Thinking as a course in all engineering and management education.
#leadership #design #engineering #engineering #management #education #designthinking #aicte #intellect
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.