Intellect Quantum CBS is the specialist Core Banking Solution for the unique requirements of central banks. Trusted by central banks of India, Seychelles, Ethiopia and now in Europe, the solution deploys a formidable array of advanced technology frameworks including Extreme Account Posting (XAP), Run Time Re Use (RTRU), and Look Ahead Processing (LAP) technologies.



 

Our View
CENTRAL BANKS NEED MODERN SOLUTIONS TO SUPPORT EFFICIENT, TRANSPARENT AND TIMELY OPERATIONS

The powers of central banks extend to managing financial resilience, macro-economic stability, global capital markets and international co-operation. As such they need modern IT platforms and solutions to support efficient, transparent and timely operations.

RECENT EPISODES IN FINANCIAL ECOSYSTEM HAVE PROMPTED CENTRAL BANKS TO REEXAMINE THEIR COLLATERAL POLICIES

Today, Central Banks’ focus has changed after the 2008 Lehman crisis:

  • Manifold causes. Proximate cause – US Sub Prime Crisis
  • Global macroeconomic imbalance
  • Flaws in risk management
  • Liquidity risk – not included while prescribing capital requirement in Basel II
  • Regulatory and supervisory challenges - unable to cope
  • Credit rating agencies – Inherent conflict of interest

Monetary policy implementation with prudent risk management

Recent episodes of market stress, along with other ongoing changes in financial markets and the broader financial system have prompted central banks to re-examine their collateral policies for their monetary policy implementation with prudent risk management. This results in need for a more sophisticated and integrated Collateral Management and Liquidity Settlement Systems with high level of automation and advanced features to contain the risks.


Our Offerings
SINGLE UNIFIED PLATFORM FOR CENTRAL BANK TRANSFORMATION

Intellect Quantum Central Banking Solution (QCBS) has been developed with the support of four far-sighted central banks and former central bankers and industry experts in our advisory board to meet complex national and global challenges.

The solution is delivered and proven for the complexity of modern central bank operations. It has won two prestigious global awards – Technology Provider of the Year Award from Central Banking Forum and the Asian Banker Award for Best Central Bank Implementation in Asia.

The only integrated banking platform under single application umbrella with modular structure. Intellect QCBS caters to comprehensive needs. The solution has proven best practices adopted by Large, Medium and Small Central Banks across Asia, Africa and Europe.

ONLY INTEGRATED BANKING PLATFORM UNDER SINGLE APPLICATION UMBRELLA THEIR COLLATERAL POLICIES

The solution has comprehensive features to support the following key pillars

  • Enterprise General Ledger (EGL) , Budget, FA (QEGL)
  • Common Banking Services (QCORE)
  • Currency in Circulation & Bullion Management (QCICM)
  • Collateral Management, Liquidity Providing Transactions (QCLMS)
  • Public Debt Management & Depository (QPDMS, QCSD)
  • Government Services (QTSA)
  • Treasury, IMF, Bullion and Reserve Management (QRTM)
  • RTGS (QNPS)


Our References
PROVEN EXPERTISE SPEAKS FOR ITSELF


Our Approach
ROBUST DESIGN, SCALABLE TECHNOLOGY, IMPECCABLE IMPLEMENTATION

One Goal – Enabling central banker to have real-time view of overall operations including general ledger for effective decision making:

  • Intuitive integrated dashboards
  • Financial health monitoring in single click
  • Quicker policy implementation in risk free manner

Proven implementation processes to suit the central bank’s resource bandwidth policies

9 to 18 months Implementation – Proven implementation processes to suite the central bank’s resource bandwidth for aggressive to reasonable implementation timelines.

  • Robust data migration model and tool
  • Resources with strong central bank domain knowledge
  • Proven representative business process support
  • Wide range of user configurable business rules
  • Robust in-built service and integration layer

6 Key Enablers of Execution Excellence – iGCB's excellence in global implementations is based on six key enablers of execution that stems from design thinking:

  • Configurable & Well Defined Business Process Flows
  • Time tested Requirements Management Tool Master Process Exchange (MPX)
  • Customer Specific Intellect Product Adoption Document (IPAD)
  • Robust Data Migration Tool (DMX)
  • Established Accelerated Implementation Methodology
  • Support for Progressive Modernization


Our Technology
LEVERAGING REVOLUTIONARY TECHNOLOGIES

BENCHMARKED TO SUPPORT OVER A
100 MILLION TRANSACTIONS PER DAY

The solution is platform agnostic and can work on all industry standard hardware. On CISC platform, we support Intel x86/64 based hardware from all OEMs like Dell, HP, Cisco, IBM etc.

On RISC Platform, we support IBM Power, Oracle SPARC, HP Itanium hardware. Supported Operating systems are RHEL 6.x+, Oracle Linux 6.x+, Windows 2008+, IBM AIX 6+, Solaris 11.x+, HP-UX 11i+. The application is built on pure java/JEE standards and supports standard Java application servers like WebSphere 8.5 or higher, Weblogic 10.3.6 or higher, Jboss EAP 6.x.

The solution supports all standard RDBMS and has been implemented on Oracle 11g EE or higher in most sites. We also support virtualization on all the tiers. Supported virtualization technologies include IBM Power VM, Oracle VM, VMWare, KVM, MS HyperV.

The Intellect design philosophy, a key differentiator in developing solutions for the transformative agendas of CXOs, ensures a dramatic shift from disjointed digital activities to strategically aligned outcomes. As banks embrace digital for competitive advantage, they’re all focused on the same goal. To provide their customers the same experience at every touch point. It takes Intellect to make this an extraordinary digital experience. Outside and Inside with advanced Online Portal with Self Administration capabilities, service and workflow management for Commercial Banks and Govt. Agencies and similar experience for the central bank staff who work in the front, middle and back-offices.