Intellect Digital Core

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Overview

Intellect Digital Core is designed by bankers and helps banks to accelerate their Digital Banking and channel transformation journey. Intellect Digital Core comes with a Digital 360 proposition with inbuilt design for both Digital Outside and Digital Inside. Digital Outside ensures True Omni channel and consistency of customer experience at all touch points while Digital Inside drives operational excellence.

Key Features

Intellect Digital Core offers the best of breed solutions on a single platform. We encourage banks to opt for progressive modernization as opposed to the traditional ‘Big Bang approach’ which is highly capital intensive and risky in the current scenario. Banks can pick and choose any of the below solutions they would like to modernize, depending on their market and competitive requirements. Alternately, banks can also choose to horizontally modernize across customer onboarding, customer servicing, customer engagement and back office operations. With Intellect Digital Core, you now have the propulsion engine to drive your digital ambitions, be it a Market Leader or Digital Challenger Bank.

Core Operations

  1. Customer Onboarding
  2. Term/Recurring Deposit
  3. Remittance
  4. Teller Management
  5. Payments
  6. Current/Savings Account

Lending

  1. Origination
  2. Lending - Unsecured,
    Mortgage & Commercial
  3. Leasing
  4. Securitization
  5. Syndication
  6. Commercial Lending
  7. Debt Management
  8. Collateral & Limits Management
  9. Dealer Financing

Cards

  1. Origination
  2. Card Issuance
  3. Merchant Acquisition
  4. Loyalty Management
  5. Fraud Early Warning
    System
  6. Customer Service
  7. Securitization
  8. Receivables Management

Payments

  1. Clearing Payment systems
  2. Digital payment systems
  3. Cross Border Payments
  4. Wallet
  5. Cards-Travel/ Pre-paid/Gift

Wealth

  1. Customer Acquisition
  2. Financial Planning
  3. Transaction Management
  4. Leveraged Investment
  5. Portfolio Management
  6. Revenue Management
  7. Reporting
  8. Relationship Management
  9. Risk & Compliance
    Management

Trade Finance

  1. Letters of Credit
  2. Bills
  3. Collection
  4. Guarantees
  5. Trade Loans
  6. Reimbursements
  7. Supply Chain Financing
  8. Factoring/Forfaiting

Treasury

  1. Front/mid/back office
  2. Branch Position Integration
  3. Resource Mobilization
  4. Fund Management
  5. Limits & Control Framework
  6. Risk Management
  7. Stress Testing
  8. Portfolio Management

Key Benefits

A truly digital bank needs a truly digital core. Most technology vendors in the market are crippling the growth and agility of banks with monolithic or very often siloed systems. This has resulted in increased IT costs which are denting the profitability of banks. This is exactly the paradigm we took head-on. We put design thinking at the forefront of product design and invested in creating the Digital 360 backbone for our banking products. This encompasses Digital Outside & Digital Inside. Our Digital 360 Strategy aims to address challenges in the 6 key areas detailed below.

EXPERIENCE

  • Frictionless onboarding
  • Elevated experience across
    all access and touch points
  • Intuitive Apps to empower
    customers with more DIY
    tasks

BUSINESS AGILITY

  • Digital Bank in a box
  • Launch new products -
    persona based banking
  • Product bundling and
    relationship based pricing

LEAN OPERATIONS

  • Orchestrate processes
    &workflows and straight
    through processing
  • Ensure banking talent serves
    the customer rather than
    back office
  • Reduced EOD / EOM

REAL TIME

  • Real time balance sheets
  • Central risk monitoring and
    mitigation
  • Actionable insights from a
    single source of truth

IMPLEMENTATION CERTAINTY

  • Pre-configured model bank
  • Data migration accuracy
  • Leverage service oriented
    architecture for smooth
    integration and standardization

TOTAL COST OF OWNERSHIP

  • Reduce cost to income ratio,
    technology cost per customer
    and cost of regulatory
    compliance
  • Frugal technology
    infrastructure