The next-gen treasury solution will enable central banks to transform the way they manage risk and operations
India, September 04, 2023: Intellect Global Central and Consumer Banking (iGCB), the central and consumer banking arm of Intellect Design Arena Limited, recently announced the launch of iQuantum Treasury 23, a future-ready, front-mid-back office treasury solution designed specifically for central banks, across the world. The upgraded solution enables real-time risk and operational management of the financial portfolio, helping central banks to make faster data-driven decisions and navigate through unpredictable disruptions.
In this latest version, which has been performance tested and comes with enhanced security features, iGCB has completely revamped the front office UI/UX, added a very comprehensive Securities Lending and borrowing (SLB), Repo collateral along with advanced risk analytics for effectively monitoring and managing the market risk and credit risk. iGCB has also added important user stories relating to market risk, to ensure that iQuantum Treasury 23 is the most exhaustive product for the central banks.
In an ever-evolving market landscape characterized by amplified volatility across asset classes, the need for cutting-edge technologies leveraging real-time analytics, and precise data management has never been more critical for central banks.
iQuantum Treasury 23, powered by eMACH.ai (Events-driven, Microservices-based, API, Cloud, Headless with underlying AI models), the world’s largest, most comprehensive and innovative open finance architecture, enables central banks to achieve real-time risk and operation management across various asset classes. The solution includes Forex, Money Markets, Fixed Income, Derivatives and central bank specific features like IMF’s Special Drawing Rights (SDR) management, ACU, Concurrent Audit and Advanced Portfolio Management.
One of the key differentiating features of iQuantum Treasury 23 is its seamless connectivity with ecosystem players, empowering central banks to accelerate the launch of new features and functionalities. This agility allows central banks to adapt swiftly to changing market dynamics and enhance their performance and efficiency. The solution further provides a single view of reserves across domestic and foreign currencies, enabling them to take quick action in case of any crisis.
Through the upgraded iQuantum Treasury 23, central banks will now be empowered to:
- Make better investment decisions by analyzing risk-free rates, and leveraging real-time data and insights.
- Enhance decision-making processes with next-gen UI/UX providing intelligent dashboards and advanced data visualization. The system’s pre-deal ‘What if’ analysis capabilities provide deeper insights, enabling superior decision-making.
- Provide front-office traders with previews of potential trade outcomes, considering other similar trades. This feature empowers traders to optimize their strategies and understand potential market impacts in advance.
- Streamline trading processes with seamless Collateral and Funding Integration to the Front Office, eliminating manual errors and time-consuming tasks.
- Manage exposures to a particular asset class or issuer more effectively by leveraging the Counterparty Management Solution.
- Simplify foreign exchange reserve management through real-time analytics and be able to invest in complex derivatives, structured products, credit products, and more.
Rajesh Saxena, CEO, Global Consumer Banking (iGCB), Intellect Design Arena, says, “Our state-of-the-art treasury solution processes USD 15 Trillion worth of transactions every month for banks globally. iQuantum Treasury Solution 23 is a significant leap forward in central banking technology. It empowers central banks to harness the potential of futuristic UI/UX enabled with cutting-edge technologies, real-time analytics, and precise data to navigate the complexities of a rapidly evolving market landscape. This future-ready solution will revolutionize the way central banks manage their reserve portfolios and empower them to evolve as per changing policy needs.”
About Intellect Global Consumer Banking (iGCB)
iGCB, Central and Retail Banking Solutions arm of Intellect, offers an end-to-end Contextual Banking suite for central, retail and corporate banking across Core Banking, Treasury, Lending, Cards, Digital Banking, and Central Banking. Its unique blend of integrated functionality and agility is made possible by its Microservices-based, API-first, cloud-native architecture with powerful integration capabilities. iGCB brings to the table a deep knowledge of the developed and developing financial market space and seeks to be the Innovation Partner for those who are passionate about transforming the future of fintech!
About Intellect Design Arena
Intellect Design Arena Ltd. has the world’s largest cloud-native, API-led microservices-based multi-product platform for Global leaders in Banking, Insurance, and Capital Markets. eMACH.ai, the most comprehensive open finance platform is at the forefront of the BankTech Wave 5, a significant phenomenon that enables banks and financial institutions to move from product and process to design and experience to compose their unique “My Signature Solution”. With over three decades of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives. It offers a full spectrum of banking and insurance technology products through its three lines of businesses i.e. Intellect Global Consumer Banking (iGCB), Intellect Global Transaction Banking (iGTB), and Intellect AI.
Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 270 customers through offices in 57 countries and with a diverse workforce of solution architects, and domain and technology experts in major global financial hubs around the world. For further information on the organisation and its solutions, please visit www.intellectdesign.com