Retains #1 in Retail Banking, Transaction Banking and InsurTech categories
Intellect maintains its position within the IBSi Leadership Club with its ranking n°1 in Retail Banking for the sixth consecutive year, n°1 in Transaction Banking for the third consecutive year and n°1 in InsurTech for the second consecutive year
Intellect Digital Lending earns leadership position with #1 in Retail Lending Category
Ranked #1 in the 2022 edition of Regional Leader (ASEAN) and Global Leader in the Product Breadth categories.
London (UK), 10 June 2022: Intellect Design Arena Ltd, a multi-product, cloud-native API-based microservices FinTech company for the world’s leading financial and insurance institutions, has recorded a remarkable achievement record six wins including Global Leader in Product Breadth in its 2022 edition by UK-based independent analyst firm IBS Intelligence. Intellect retained its No. 1 ranking in Retail Banking for the sixth consecutive year, No. 1 in Transaction Banking for the third consecutive year and No. 1 in InsurTech for the second consecutive year. The company is also ranked #1 in retail lending by the IBSi Leadership Club.
IBSi’s annual sales ranking is a widely accepted industry benchmark for the performance of global banking technology solutions. The Sales League Table has been around for over two decades and is recognized as a barometer of the sales performance of fintech vendors across the banking industry.
Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, maintained its position as the world’s leading retail bank for the sixth consecutive year in a highly competitive segment. iGCB offers an end-to-end contextual banking suite comprising core, lending, card, central bank and digital channel solutions for retail and corporate banks worldwide. The award-winning platform delivers a unique blend of integrated functionality and agility through its cloud-native, microservices-based architecture and powerful integration capabilities.
Intellect Global Transaction Banking (iGTB), the world’s first comprehensive global Transaction Banking platform, maintains its position as the global leader in Transaction Banking in a highly competitive segment for the third consecutive year. iGTB also retained its #1 ranking as the top-selling Wholesale Banking – Transaction Banking system. iGTB is spearheading the consumerization of business banking with a cloud-native, composable platform powered by microservices and Open Banking APIs. Its Contextual Banking Experience (CBX) is a rich omnichannel suite that covers all banking transaction needs (digital, payments, cash management, virtual accounts, liquidity, iColumbus.ai commerce and supply chain, etc.). iGTB, with its highly successful iGTB Oxford School of Transaction Banking initiative, is designed to leverage best practices, stories, challenges, learning and successes to enable banks to achieve their principal banker ambition for client companies.
SEEC Intelligence leads the IBSi InsurTech category for the second consecutive year with its #1 ranking. It’s an insurtech transformation partner with contemporary AI and ML solutions, triangulated insights from thousands of sources, and agile technology, data science, and consulting teams – taking a strategic approach to meeting challenges. insurance’s greatest challenges. With Intellect Fabric, a unique scalable platform for insurers, Intellect SEEC has contextualized cloud, big data and machine learning to solve the most complex business problems while enabling the most efficient user experience across the underwriting value chain.
Intellect’s recently relaunched digital lending platform as iKredit360, debuted as No. 1 in its retail lending category. iKredit360 is a comprehensive, composable technology platform that enables institutions to deliver unique credit experiences to merchants, channel partners, and end consumers. With its ability to converge multiple elements such as internal and external systems, financial products, credit lifecycle and FinTechs, iKredit360 enables financial institutions to become the primary point of engagement for their customers by offering commoditized and specialized credit products in all business segments, including retail. , Corporate, SME and Agri.
Commenting on Intellect’s performance, Robin Amlôt, Editor-in-Chief of IBS Intelligence, said: “It has been quite a year for Intellect Design Arena. For the sixth consecutive year, the company retained the top spot in the Retail Core Banking category, posting strong performance in the APAC region, followed by Africa and Europe. Intellect Design Arena also racked up its third year as the Wholesale Transaction Banking category leader. The company was an undisputed leader here with an almost equal number of transactions from the Americas, Europe and the Middle East. It was also the second year in a row that Intellect Design Arena took the top spot in InsurTech. In fact, it’s worth noting that Intellect Design Arena has been in first place in the last two categories since the InsurTech and Transaction Banking categories were first introduced in the IBSi SLT!
He added, “Furthermore, if all that wasn’t enough, Intellect Design Arena also secured the #1 position in retail banking lending solutions, emerging as a market leader in this category. Its share has increased from 18% in 2020 to 40% in 2021! The company was also recognized as a regional leader for its Intellect iGCB platform and Intellect Digital Banking Experience in the ASEAN region, and a global leader for the overall breadth and depth of its product line. With a handful of strong runners-up in other categories, Intellect Design Arena demonstrated outstanding performance.
Expressing his views on emerging as a leader, Arun Jain, President and Managing Director of Intellect Design Arena Limited said, “We are proud and honored to win big at the IBSi Sales League Table 2022 with six positions of #1 global leader. As we move forward and emerge as the new global industry leader with our contextual and composable API-based banking solutions, our priorities are highlighted through our wide range of products and solutions that reorient the future of FinTech. Our customer-centric design approach and algorithmic delivery methodology are robust to ensure flawless and on-time deliveries while being agile and responsive to the dynamics of our customers’ priorities.
In addition to the six #1 Global Leadership positions, Intellect ranked #2 in the Digital Banking category, #2 in the Private Banking & Wealth Management category, #2 in the 2022 edition of Global Leader – Geographic Spread and Intellect’s Digital Banking Engagement Platform ranked #2 in the 2022 edition of Regional Leader (ASEAN).
As the world is still recovering from the pandemic, the IBSi Sales Table 2022 ranking is a testament to FinTechs that challenge the status quo and are at the forefront of innovation and accelerating their customers’ digital transformation.
About Intellect Design Arena Limited
Intellect Design Arena Ltd. has the largest multi-product microservices and API-based, cloud-native FinTech platform for global leaders in banking, insurance and capital markets. It offers a full range of banking and insurance technology products through its four business lines – Global Consumer Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets and Insurance. With over 25 years of deep domain expertise, Intellect is the brand progressive financial institutions rely on for their digital transformation initiatives.
Intellect has pioneered Design Thinking to create cutting-edge banking and insurance products and solutions, with design being the company’s primary differentiator to enable digital transformation. FinTech 8012, the world’s premier design center for fintech, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves more than 260 customers through offices in 97 countries and with a diverse workforce of solutions architects and domain and technology experts in major global financial centers around the world. For more information about the organization and its solutions, please visit www.intellectdesign.com.
About IBS Intelligence
Founded in 1991, IBS Intelligence, headquartered in the UK, is the world’s leading pure play fintech research, news analysis and advisory firm. IBSi’s Sales League Table is considered the global industry barometer ranking leading banking technology vendors. Its research reports comprehensively cover global vendors across all banking and fintech systems, and are also distributed by Thomson Reuters, Bloomberg and S&P Capital IQ.
IBSi’s Innovation Lab in Dubai brings together banks and vendors with an opportunity to access the Middle East market and test and experience global fintech products in the region. The group company, Cedar, is a global management consulting firm with deep expertise in formulating and executing business strategies for financial services clients worldwide, with a particular focus on leading their technological and digital transformation.