Intellect Design Arena Ltd, Technologies and a global leader in Financial Technology across Banking and Insurance, announced that it has achieved a remarkable double first: it has been ranked #1 in the world for Retail Banking and ranked #1 in the world for Wholesale Banking- Transaction Banking by independent analyst IBS Intelligence, in their IBS Annual Sales League Table 2020.
IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets.
Commenting on Intellect’s performance, the SLT Panel at IBS Intelligence said, “Two systems of Intellect Design Arena – Intellect Digital Core and Digital Transaction Banking have recorded their leadership position in the IBS Intelligence Sales League Table 2020. IDA solutions have been ranked #1 – for the second time in a row in the Retail Banking category, and have also been placed in the #1 spot in the Wholesale Banking – Transaction Banking category. The IBSI Sales League Table 2020 has been analysed based on systems purchases made by over 1,700 banks in over 150 countries, across 240 products from 62 suppliers across the Americas, Europe, Middle East, Africa and APAC.”
Commenting on the ranking, Arun Jain, Chairman and Managing Director, Intellect Design “This is a remarkable validation of Intellect’s Best-in-class integrated Digital Banking Platform with Front to Back Capabilities across Retail and Corporate segments by IBS in the Sales League Table. The commendation also validates our first and cloud-ready architecture. Even our modular solutions across lending and channels are in the top 3, thanks to their comprehensive functionality and independent utility. This vindicates our pioneering use of #ContextualBanking based on Design the concept that your banking systems should pate – what the client is trying to do. We are humbled by the recognition and thank our clients for entrusting the very core of their business functionality with us.”
Intellect Design Arena Ltd. claims to be the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products. It does so via its four lines of business, namely, Global Consumer Banking, iGTB (Global Transaction Banking), Risk, Treasury and Markets and Insurance Software. With over 25 years of deep domain expertise, today Intellect is a brand name that progressive financial institutions look to for their digital needs, and for digital transformation initiatives.
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