Intellect Digital Core, based on powerful technology suite and coupled with superior software design, can help banks become the principal bank of every customer by redefining customer experience. Intellect Digital Core harmonizes the power of digital 360 with customer-centric architecture thereby ensuring superior customer experience at all touch points. With a Single Source of Truth on Customer Data, Efficient Business Processes as well as Business Agility, Intellect Digital Core enables digital banking transformation.
THE FLEXIBILITY OF CORE BANKING SYSTEMS DETERMINE THE SUCCESS OF A BANK
AND NOT BE LIMITED BY TECHNOLOGY
Financial Institutions around the world are acutely conscious of the criticality of their Core Banking Systems, to the efficiency of their enterprise. Representing the very essence of the financial technology of a bank, these systems determine the velocity of new product introductions, the ease of integration with applications, and the dynamic access to customer information.
Core Banking Systems must necessarily adapt to changing business / customer environments and regulatory developments. Here are some drivers of Core Banking Transformation.
|DIGITAL TRANSFORMATION||The financial services industry is seeing dramatic changes with changing customer behavior, channel proliferation and the digitization of business and society in general.|
|MORE STANDARDIZED PLATFORMS||As product needs grow more similar regardless of geography, banks are looking to replace existing silo based systems for greater standardization.|
|CHANGES IN BANK FOCUS||Compliance and risk management are becoming key drivers of core system replacement. Banks require tighter system integration to more easily address the demands of regulators and auditors, and more sophisticated controls to manage risky products.|
|EASIER PRODUCT CREATION AND MAINTENANCE||Banks would like to launch and re-configure products faster and not be limited by technology|
As per study, 63% consumers feel that banks do not know them well enough & 54% consumers do not experience any consistency in the service delivery across channels. And this study found that Banks were wanting in three areas to have stronger Principal Banking relationships – Customer Experience, Customer Intimacy & Customer Knowledge.
HIGHLY FLEXIBLE AND SCALABLE CORE BANKING SYSTEM WITH CUSTOMER AT THE CENTRE
Intellect Digital Core is a web-enabled feature-rich core banking software that addresses the critical need for a scalable, flexible, and secure, customer centric core banking platform. It is a multi-currency, multi-lingual solution conceived and built with the anytime, anywhere customer in mind. Intellect caters to the entire range of banking solution requirements across various customer segments of a bank; both retail and corporate.
The Intellect Digital Core Banking Promise:
Intellect Digital Core enables Banks to become the Primary Bank for their customers by building deep customer relationships through Ease of Banking, Intimacy, Responsiveness, and Trust it assures a seamless experience across channels providing ease of banking and provides “Save & Resume” functionality that smoothly transitions a transaction from branch to mobile, from one device to another, without irritating service drops and wasteful time lags.
With a 360° customer view, it also allows the Bank to launch targeted product offerings centred around the customer.
Intellect Digital Core Banking is a complete banking system that will addresses the needs of the bank by combining cutting edge technology that is guaranteed from obsolescence for 15 years along with an easily deployable architecture.
THROUGH EASE OF BANKING, INTIMACY,
RESPONSIVENESS AND TRUST
- Integrated Digital 360 Core for Retail & Corporate Needs – Digital Inside & Outside.
- Makes Banking Easy through omnichannel Banking solution, one-touch digital apps and save & resume functionality
- Banks can create greater customer intimacy through Straight Through Processes, 360° customer view, bundled products & relationship pricing
- Higher customer responsiveness with faster go to market with product factory, configurable work flows and component based architecture
- Greater customer trust with single unified security shell and greater transparency.
PROVEN EXPERTISE SPEAKS FOR ITSELF
"Intellect solution now helps us in our transformation towards effective operations and financial self-sustainability. The rollout… has created the technological framework to cater to all requirements of VBSP and support our ambitious plans to diversify and expand operations in the future."
Duong Quyet Thang,
"The rollout… has created the technological framework to cater to all requirements of Chief Bank as we rapidly expand our geographic presence and support our ambitious plans to diversify and expand operations in the future. Intellect solution will enable us to transform into a complete financial services provider, supporting our ambitious plans to diversify and expand operations in the future."
Loke Wai Ming, CEO
"It took CBK around a year to decipher its requirements, We wanted to make sure that all requirements of the bank and its customers were addressed, and we wanted our staff to fully understand them to get where we wanted. Evaluation criteria included vendor experience and the ability of the system to keep up with customer demands. The deal with Polaris was formally agreed in late 2012..."
CEO of CBKL
"This is a major milestone for Bank Egypt and an outstanding achievement which holds great importance to the bank and our customers. The successful implementation of the new system is crucial to the future growth of the bank’s business in Egypt as it will increase our efficiency and greatly enhance the service quality for our chosen customers."
Ahmed Ismail Hassan Country CEO, Egypt
INTELLECT’S PROPRIETARY ACCELERATED IMPLEMENTATION METHODOLOGY FOR FASTEST “GO-LIVE”
BANKING MODULES IN INTELLECT DIGITAL CORE
ACCELERATED IMPLEMENTATION METHODOLOGY
Intellect Accelerated Implementation Methodology (AIM) provides express implementation of Standard Intellect Solution to help customers reap the benefits of the Intellect Digital core solution faster with high quality.
|iPFD – Intellect Product Fitment Document||Identify gaps & process reengineering requirements|
|iPAD – Intellect Product Adoption Document||Used to capture product configuration|
|Widget Toolkit||An in-house tool to define persona for the company|
|iPLAN & Octopus||Integrated Project Management Tool|
REAP BENEFITS FASTER
- Familiarize customer with Intellect’s core functionality
- Instead of focusing on changes needed to Intellect, focus on changes to the operational procedures of the bank
- Go-live fast with “as-is” functionality
- Lighter engineering
- Bare minimum testing (e.g. for interfaces)
- Thinner / no user acceptance test
DIGITAL CORE – FULLY SCALABLE, ROBUST, DIGITAL COMPLIANT PLATFORM
Intellect's Digital core is designed on powerful J2EE Architecture and thus open. At the same time, it provides stability and scales to higher growth needs of small, medium and large banks. The architecture lends itself to be deployed on Premise, Private Hosting and Public hosting infrastructure with secure governance models.
Intellect Digital Core sits seamlessly in the bank's IT ecosystem without disrupting operations. Coupled with built-in business services and the ability to FT-Message-Hub's "Out-of-the" box interface cartridges, the solution supports multiple integration models – Synchronous / Real time, Asynchronous, Batch modes.
Digital Core considers user experience to be prime. Hence, we've designed a rich and a consistent user experience framework to connect will all users – Branch, Back office and consumers. Digital Core uses Canvas Technology to render the financial apps to the branch and back-office user.
The Functional Engines supporting the domain model provides the capability to support various types Deposits, Checking Accounts and Savings Accounts. The built-in Product Management Layer (PML) provides the structure to facilitate bundling products and services.
A Large Bank in the Middle East goes the Intellect Way for its 2nd Largest Division Outside UAE
EVP & Business Head
Core, Lending & Channels