Overview
Intellect Digital Core is designed by bankers and helps banks to accelerate their Digital Banking and channel transformation journey. IDC comes with 100+ PBCs (Packaged Business Capabilities) with end to end business functions for retail, corporate and SME banking. Intellect Digital Core designed 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. Intellect Digital Core is a fully integrated, contextual, API first, cloud ready solution providing a foundation for banking on digital best-in class solutions. Our platform enables banks to be fully digital across all the user paradigms of Branch/Backoffice, Developer Community (Internal/External), Consumers, and Partners.
Intellect Digital Core is a fully integrated solution with end to end business functions for retail, corporate and SME banking. Fully integrated solution across Core, Lending, Deposits, Collect, Virtual Accounts & Notional Pooling, Collect, Voice Banking, Campaign Management, Loyalty, CRM, Payments suite, cards management, Trade Finance, Treasury etc.
IDC has been designed with the power of 5Cs:
1. Contextual: Provide a truly contextual experience to your customers by bringing together AI, data analytics, agile architecture, and core-agnostic integration.
2. Comprehensive: Offering comprehensive depth and breadth of solutions across the customer’s financial life cycle can improve stickiness and improve the Bank’s profitability.
3. Connected: Create an ever evolving portfolio of offerings by leveraging IDC’s connected banking to offer a seamless experience to your customers, no matter the channel or the product.
4. Composable: IDC comes with 100+ Packaged Business Capabilities( PBCs) for retail banking. It helps create a future resilient architecture that is modular and completely autonomous. IDC's unique composable architecture enables teams to create products (Do It Yourself) and set business rules.
5. Cloud Native: With the power of the cloud, banks can scale up or down, based on need. Not to mention the cloud-agnostic nature and reduced infrastructure cost with public, private and hybrid hosting options available, IDC’s cloud-native core banking platform hands the power back to banks.
IDC is an integrated front, middle and back-office solution, composed of modules that basically are independently deployable solutions that can seamlessly coexist with the existing systems of a bank. We have more than 400+ APIs supported through Microservices architecture to enable ease of integration across external and internal interfaces to enable bank to build services across the banking ecosystem.
Key Benefits
A True Digital Bank Needs a True 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:
1, EXPERIENCE - Frictionless onboarding, Elevated experience across all access and touch points, Intuitive Apps to empower customers with more DIY tasks.
2. BUSINESS AGILITY - Digital Bank in a box, Launch new products - persona based banking, Product bundling and relationship based pricing.
3. LEAN OPERATIONS - Orchestrate processes & workflows and straight through processing, Ensure banking talent serves the customer rather than back office.
4. REDUCED EOD / EOM REAL TIME - Real time balance sheets, Central risk monitoring and mitigation, Actionable insights from a single source of truth.
5. IMPLEMENTATION CERTAINTY - Pre-configured model bank, Data migration accuracy, Leverage service oriented architecture for smooth integration and standardization.
6. TOTAL COST OF OWNERSHIP - Reduce cost to income ratio, technology cost per customer and cost of regulatory compliance, Frugal technology infrastructure.