Jaideep Billa, President, Wealth Management, Intellect Design Arena

Intellect Design Arena Ltd has announced the launch of its Relationship Manager Centric solution Intellect Wealth Qube- 2020, developed for wealth management institutions. The product was launched at the company’s Intellect User Meet in Dubai.

According to the company, Wealth Qube 2020, enterprise-grade wealth management solution, has been created keeping the mass affluent segment in mind. The solution comprises of 6 offices- Relationship manager office; Customer personal office; Operations office; Risk and compliance office; Fund Managers office and Trust Office. These 6 offices have been further divided into 22 desks, each of which is provided with a tool. Wealth Qube – 2020 has taken the RM-first design approach.

Jaideep Billa, President, Wealth Management, Intellect Design Arena said, “Wealth Qube -2020 gets its 2020 moniker from its promise to deliver 20% growth every year with 20% reduction in Business operating costs. This solution has already been well tested out in the market with our early launch customers in 6 countries namely Singapore, Malaysia, Thailand, India, UAE and Saudi Arabia. With rapidly growing prosperity across the world and anaemic interest rates, we believe that Wealth will be the fastest growing business for banks and financial institutions. We are excited to work with our customers to help create leaders in wealth.”

The forum, Intellect User Meet 2019, exhibited current advancements in Banking as well served as a platform to launch Wealth Qube 2020.

Intellect Design is a financial technology solutions provider with products ranging across Global Consumer Banking, Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets, and Insurance.

by Megha Bhattacharya
Market Analyst at IBS Intelligence