Intellect # 2 in the world in Digital Banking

Intellect Design Arena Ltd. is ranked #2 in the Digital Banking & Channels in the world by IBS Intelligence in their IBS Annual Sales League Table 2017 among 17 fintech suppliers across the globe. IBS SLT is the acknowledged barometer for international banking systems sales activity for the last 16 years.

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets. IBS SLT 2017 highlights the growing role of emerging markets in shaping global banking technology demand and the rise of neo-banks along with the changing dynamics in the fintech industry.

Commenting on Intellect’s performance, IBS said, “Two systems of Intellect Design Arena – Intellect Digital Core and Intellect Payments – took leadership position in the IBS’ Sales League Table 2017 in the Retail Banking Systems and Payments Systems categories, respectively.

 Intellect Design also took runners up position in the Digital Banking Systems category with its Intellect Digital Banking Exchange system. All three systems are now part of the IBS SLT 2017 Leadership Club.” Digital disruption is redefining the banking experience. Financial institutions around the world are embracing digital for competitive advantage. According to an industry report ‘Digital can transform the business of banking, with the potential to drive up return on equity (ROE) by more than 5 percent for both mature or emerging market banks.’

Today banks are increasingly looking beyond traditional back office technologies and are increasing their investment in the mobility, payments and analytics, a growing trend which was showcased in this year’s IBS SLT 2017.

Commenting on the ranking, Arun Jain, Chairman and Managing Director, Intellect Design Arena, said, “We are delighted to see Intellect ranked #2 in Digital Banking & Channels in IBS SLT 2017. This recognition has provided the right kind of tail winds for our journey. Digital has re-defined the banking services, robust technology platforms are becoming the enablers in providing superior customer experiences. Big Data, Block chain and Artificial intelligence (AI) will be the drivers in fintech in the coming years. We would like to thank our customers for their trust in us and making us part of their Digital Transformation journey.”