Intellect’s wins big at Central Banking awards

Intellect Design Arena Limited won the inaugural and exclusive ‘Technology Provider of The Year’ award, instituted by Central Banking at a formal ceremony held in London. In a competitive category assessed by a panel with former senior central bankers from around the world, Intellect’s Quantum Central Banking Solution (QCBS), successfully deployed across a diverse range of central banks, stood out as a clear differentiator.

Commenting on the award, Jaideep Billa, CEO, iGCB, Intellect Design Arena Limited, said “Central banks face the difficult task of maintaining stability in a fast-changing and turbulent economic environment, and QCBS enables them to implement their policies with greater speed and accuracy thanks to full automation, real-time visibility, automatic surplus and deficit management, and removal of manual reconciliation. Intellect QCBS – a robust and innovative solution, has proven and flexible business components under a single high-performance architecture that supports central banks with risk-free progressive modernisation. This award reinforces our commitment to transform and empower financial institutions at different stages of technology deployment.”

Intellect has worked with central banks in countries as diverse as Ethiopia, the Seychelles, and most recently, Sweden. Intellect won a competitive tender process in 2014 to upgrade the Sveriges Riksbank’s collateral management system. QCBS deploys a formidable array of advanced technology frameworks including Extreme Account Posting (XAP), Run Time Re Use (RTRU), and Look Ahead Processing (LAP) technologies.

The award is one of 15 established by Central Banking Publications, to recognise excellence in serving the central banking community and contribution to public service.