Intellect GCB and VMware India announce strategic partnership

By Leandra Monteiro

Intellect Global Consumer Banking (iGCB), ranked #1 in the world for Retail Banking by IBS Intelligence, announced a strategic partnership with VMware to accelerate the shift to digital for financial institutions across the globe.

Expressing his excitement on this partnership, Rajesh Saxena, Chief Executive Officer said, “The CCOE collaboration reinforces iGCB and VMware’sshared commitment to providing banks with their ideal path to cloud adoption. The partnership will assist clients across the globe in adopting the cloud for mission-critical banking services and also help them create differentiated customer experiences, accelerate time to value, and drive rapid innovation while reducing costs”.

iGCB’s platforms are built as comprehensive and contextual fully integrated digital banking solutions for Central, Retail and Corporate banks. It is built on a cloud native and micro-services-based architecture empowering banks to move from fragmented digital activities to a reimagined (holistic) modernization strategy. The partnership and establishment of a Cloud Center of Excellence (CCOE) is a joint vision by iGCB and VMware to make cloud-based services more accessible and quicker for banks to drive their digital transformation.

The CCOE will aim to power product assurance, certifications, and customer specific proof of concept (POC) for iGCB’s product suite on VMware Tanzu cloud infrastructure. Financial institutions with an innovative mindset will be able to envision their digital transformation journey with solutions that support mission-critical infrastructure and new technologies, thus reducing the overall cost of transition and increasing business agility.

The formidable partnership has been chosen by the Reserve Bank of India, one of the largest and most complex central banks in the world, to power the next stage of their digital transformation agenda. The central bank will be implementing the upgraded version of the Intellect Quantum Central Banking solution which will be hosted on VMware Tanzu cloud. Benchmarked to support over 100 million transactions and 30+ million ISO20022 payment messages on a peak day, the platform will support 250+ commercial banks, 35 state government and union territories along with a number of Central Government ministries.

Commenting on the partnership, Pradeep Nair, Vice President and Managing Director, VMware India said, “We’re delighted to partner with Intellect GCB and establish the Cloud Centre of Excellence. As Intellect GCB’s customers look to rapidly enhance their digital capabilities in a multi-cloud world, the Centre of Excellence will help them mitigate risk, ensure compliance, and reduce time to market. We’re already seeing customer validation of our partnership, and iGCB’s choice of VMware Tanzu reaffirms our position as the industry-leading modern application platform”.