Intellect's latest solution, iKredit360 converges financial offerings such as credit products, cards, payments and banking services to create integrated user journeys across the financial ecosystem. The platform will enable E-commerce players, financial institutions and NBFIs in Europe to curate credit experiences for their consumer and commercial segments.
Intellect retains its position in IBSI Leadership Club in IBSI SLT2021 with its #1 ranking in #RetailBanking for the third consecutive year, #1 ranking in #TransactionBanking for the second consecutive year and #1 in #InsurTech in the inaugural edition.
Intellect's cloud-based payments service hub, powered by Microsoft Azure, will enable Canadian Western Bank to have more efficient payment capabilities and opportunities to rapidly meet the evolving needs of Canadian business owners.
FY21 saw Intellect significantly scale up its SaaS revenue streams which grew by 47% YoY. This bolstered the overall License revenue growth by 35% over FY20. License linked revenues have grown by 31% - moving up 800 basis points as a percentage of revenue to 54% against 46% of revenues last year.
SocieteGenerale has chosen Intellect Global Transaction Banking for its world-leading Liquidity Management System (LMS) that will help support 29 million clients every day, to optimize liquidity, while unleashing trapped cash, reducing risks, and mitigating the effects of negative interest rates.
Intellect’s Capital Sigma Fund Distribution solution was implemented by MF Utilities India, enabling them to roll out their system that brought about a digital transformation of the Mutual Fund industry in India.
Capital Sigma will efficiently enhance business processes and operational inefficiency across investor functions, custody and fund services. The solution’s API-based industry-ready adapters also facilitate seamless integration with exchanges, clearinghouses and depositories across multiple countries.
Intellect Global Transaction Banking’s DTB Enterprise Suite delivers a superior omnichannel customer experience and grows banks' corporate customer bases while preparing them to provide for every client’s and sector’s needs. This is done with a contextual, configurable and intelligent platform that provides real-time insights and encompasses every aspect of transaction banking.
Intellect commercial credit origination system is designed and built on a cloud- native, API-first microservices architecture that delivers contextual business experience, improves productivity and seamless integration capabilities.
Arun Jain, Chairman and Managing Director, Intellect Design Arena in an exclusive interaction with ET NOW said that "Intellect is moving from industrialisation phase to #monetisation, all the new revenue growth is coming with almost 70% gross margin & that makes it very attractive proposition for higher EPS". ET Now quotes Intellect stock has been one of the best performers in the mid-cap IT space. The stock has gained 136% in 2021 as compared to gains of about 8% for the Nifty IT index in 2021. The stock trades at a price to earnings multiple of 25x for FY23 as per Bloomberg estimates.