back Back

Intellect launches iKredit360, a cloud-native technology platform

By Leandra Monteiro

June 16, 2021

  • Europe
  • Intellect
Share

Intellect Design Arena ARX, Intellect, iKredit360, cloud-native technology, Intellect Design ArenaIntellect Design Arena, a comprehensive IP-led solutions provider for financial institutions, announced the launch of iKredit360, a revolutionary credit platform exclusively designed for European financial institutions.

With a composable and cloud-native platform, it has the ability to converge financial offerings such as credit products, cards, payments and banking services to create integrated user journeys across the financial ecosystem. Ecommerce players, financial institutions and NBFIs in Europe can leverage this platform to curate credit experiences for their consumer and commercial segments.

The world of credit and payments is undoubtedly one of the most disrupted domains in the financial world. Boundaries of ecosystems are getting blurred while possibilities are being redefined, whether it is for a bank or a non-banking financial institution or an ecommerce player or even a FinTech. This has led to reimagining customer experiences, with an imperative objective to be the primary engagement point of target customers.

Rajesh Saxena, CEO, Intellect Global Consumer Banking said, “The game has shifted beyond lending and lending products. This is significant, considering we are beyond the age of siloed products and services; it’s now a customer-in-the-centre world. The foundation for creating personalised and curated customer experiences is a technology where the building blocks and APIs play a central role”

We are witnessing a significant convergence in the world of credit, and that’s exactly what the iKredit360 platform is all about. iKredit360 converges multiple elements such as relationship engagement channels, financial products, lifecycle, core systems and external systems such as credit bureaus, regulatory bodies, rating agencies and fintechs, while providing the connecting framework across the ecosystem. One of the best examples where iKredit360 can help financial institutions reimagine their credit propositions is the Buy Now Pay Later (BNPL) offering.

The problem that financial institutions usually face in curating a holistic experience is the challenge of picking up individual pieces of the solution from multiple vendors. These disparate parts create havoc, as often, the underlying technology architecture of these pieces can be completely different. To add to that, any new technology needs to harmoniously co-exist with existing technology platforms and core product systems, and at the same time, must shake hands with an external ecosystem or a marketplace seamlessly.

The iKredit360 platform has been designed on an agile foundation, with a rich set of building blocks, comprising up to 90 Packaged Business Components (PBCs), exclusively for European markets. The technology design of iKredit360 harmonises the convergence of the PBCs (both internal and external) with a built-in, configurable integration framework (iTurmeric). This makes experiences seamless, frictionless, and extensible. The platform is cloud-native, bringing the double benefit of cost and risk management.

Whether it is an ecommerce player in Europe wanting to extend the purchase and payment experience OR a traditional bank going digital along with a strong cross sell strategy OR a financial institution aspiring to extend its experiences in Retail lending/payments domain with reimagined products like Buy Now Pay Later (BNPL), iKredit360 is the solution to curate experiences in an integrated credit ecosystem.

Previous Article

June 16, 2021

Six Clovers launches RAPID, a decentralized payment network built on Algorand

Read More
Next Article

June 16, 2021

Credijusto acquires Banco Finterra, becomes the first Mexican fintech to acquire a Bank

Read More










IBSi Daily News Analysis

December 06, 2022

Europe

Why SMBs can’t switch payment providers despite desire  

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Wizz Air forms payments partnership with Worldline

Read More

Today

Zimpler launches Paylink solution to augment invoices

Read More

Today

FSB and Trust Payments partner for World Cup payments

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022