Intellect ranked #1 in 3 categories in the IBSI Sales League Table 2021

By Robin Amlot

Intellect Design Arena Ltd has achieved a remarkable triple win, being ranked #1 in the world in the Retail Banking, Wholesale Banking – Transaction Banking and InsurTech categories in the annual IBSI Sales League Table 2021.

IBS Intelligence’s Sales League Table is a widely-accepted industry benchmark for the performance of global banking technology solutions. The SLT has been running for over 20 years and is recognised as a barometer for financial technology supplier sales performance across the banking industry. COVID-19, and its aftermath, has made this year’s SLT more significant.

Intellect Global Consumer Banking (iGCB), the retail banking arm of Intellect, retained its #1 Global Leadership position in Retail Banking for the third year in a row in a highly competitive segment. iGCB offers an end-to-end Contextual and Composable Banking suite for retail and corporate banking across Core, Lending, Cards, Wealth and Central Banking. Its blend of integrated functionality and agility is made possible by its microservices-based, API-first and cloud-native architecture.

Intellect Global Transaction Banking (iGTB), the world’s first complete Global Transaction Banking platform, retains its #1 Global Leadership position in Transaction Banking. iGTB spearheads the consumerisation of corporate banking, through contextual, composable hyperscale technology. Covering over 90 countries, pooling over $35 trillion balances per year and with a rich suite of transaction banking platforms covering all Transaction Banking needs (Digital, Payments, Cash, Collections, Remittances, Virtual Accounts, Liquidity, Trade and Supply Chain and more), iGTB with its associated iGTB Oxford School of Transaction Banking is an authority on integrated products that enable banks to meet their ambition to be Principal Banker to their corporate customers.

Intellect SEEC lead the IBS Sales League Table’s inaugural InsurTech category. It is an insurtech transformation partner with contemporary AI and ML solutions, data insights triangulated from thousands of sources and agile technology, data science and consulting teams – taking a strategic approach to tackling the biggest challenges for insurance. Intellect SEEC is a leader in Data First Strategy for Commercial Underwriting and has successfully driven one of Europe’s largest transformations in Wealth Management.

With the far-reaching impact of the Covid-19 pandemic, the IBSI Sales League Table 2021 rankings serve as a reckoner to identify FinTech companies that have carved a global niche built on a strong foundation. Additionally, Intellect is also being rated to be part of the newly-constituted IBSI Leader board for Transaction Banking, Retail Banking – Core, Digital Banking, Private Banking & Wealth Management, Lending, Payments and Risk & Compliance for the consistent performance over the last 5 years.

Commenting on Intellect’s performance, Robin Amlôt, Managing Editor at IBS Intelligence said: “We applaud Intellect Design Arena’s remarkable hattrick in ranking #1 in three categories. This achievement highlights the company’s performance in what has been an especially challenging time, showcasing its resilience in this pandemic-hit year.”

Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited said: “We are proud to be ranked #1 in Retail Banking for three consecutive years, Transaction Banking for two consecutive years and of leading the inaugural InsurTech category, and of being invited to join the leadership club in IBS Sales League Table 2021. This is a remarkable validation for us, proving how our customers rely on our products and reaffirming their faith in Intellect’s Next-Gen FinTech architecture. Our rapid move towards an open finance architecture provides the ability for our customers to adopt a flexible, composable and contextual product design strategy.  This technology upgrade path is winning in many markets. I would like to thank our customers and associates for their confidence in us and being part of our journey.”