Realizing the digital advantage through real-time information and improved STP

Chennai, India -- (ReleaseWire) -- 08/05/2015 -- Intellect Design Arena Limited, a specialist in applying true Digital Technologies across Banking & Insurance, today announced that Commercial International Bank (CIB) the largest private-sector bank in Egypt, has gone live with Intellect Custody Solution. With the unique web-based interface implementation, CIB will be able to maximize the throughput rate while minimizing infrastructure and communication cost. Deployment was completed within a time frame of six months, automating the complete process of Custodial Services at the bank.

With the flexible interfacing capability that enables easy integration with the existing Core Banking system, the bank will now have access to real-time information and improved straight–through processing in all areas of custody operations from deal capture to clearing, settlement, and corporate actions. The automation of Central Depository (MCDR) interface will provide enhanced operational productivity, mitigation of risks associated with manual operations, end-to-end trade tracking and settlement across all instrument types. Automation of MCDR is significant to the bank as 75% of the business transactions are settled through this interface. Intellect Custody will also enable CIB to service clients' diverse investment strategies coupled with multi-lingual capability of clients' reporting requirements.

"We are pleased to have made the decision to use Intellect solution to support the Custody operations", said Mohamed Farag, Head of Global Transaction Services Group at Commercial International Bank. "As the largest private-sector bank in Egypt and the leading financial institution in the region, it is important that we provide value for our customers. The introduction of Intellect Custody solution deploys robust and globally proven technology that will provide flexibility to meet new requirements and helps us cater to the needs of global investor community. This deployment will further enhance capabilities and add value to important areas of our business" he added.

Venkatesh Srinivasan, Chief Executive Officer, Intellect Risk, Treasury & Capital Markets, Intellect Design Arena Limited said, "Custodians the world-over are primarily concerned with the mounting need to provide services across markets, borders and instruments. This has added to their increasingly complex product portfolios and strategic investment schemes. Custodians continue to focus on improving operational efficiencies and service quality levels for a wider range of value-added and sophisticated services that will help them to retain and expand their customer base. With Intellect Custody, International Banks like CIB will be well positioned to leverage existing investments in technology using strong tool-based interfaces and transform their custodial business. We are glad to be the preferred partner for Commercial International Bank, Egypt."

Volatility in financial market, the changing regulatory landscape, the highly specialized and complex nature of custody business necessitate that custodians need to adhere to global standards both on technological and operational fronts to remain competitive. Intellect Custody solution is a comprehensive solution that is readily deployable and highly interoperable based on changing client requirements.

About Commercial International Bank (CIB)
Commercial International Bank (CIB) is the leading private sector bank in Egypt, offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and high-net-worth (HNW) individuals.

In addition to traditional asset and liability products, CIB offers wealth management, securitization, direct investment, GTS services and treasury services, all delivered through client-centric teams. Through its wholly owned subsidiary CI Capital, the Bank also offers asset management, investment banking, brokerage and research services.

CIB strives to provide clients with superior financial solutions to meet all of their financial needs. This enables the Bank to maintain its leadership position in the market, while providing a stimulating work environment for staff and generating outstanding value for shareholders.

About Intellect Design Arena Ltd.
Intellect Design Arena Ltd, a Polaris Group company, is the world's first full spectrum Banking and Insurance technology products company, across global consumer banking (iGCB), Central Banking, Risk & Treasury Management (iRTM), Global Transaction Banking (iGTB) and Insurance (Intellect SEEC).

The holistic adoption of Digital covers Digital OUTSIDE and Digital INSIDE. Built on iDigital, the Intellect Digital OUTSIDE proposition is anchored around Same experiences at all touch points, through a powerful Channel Renovation Platform (Canvas), and the Digital INSIDE proposition is anchored around Lean Operations, through an Operational Consolidation Platform (Hubs).

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 digital outcomes.

The FT 8012 Design Center, the world's first Design Center for financial technologies, is a physical manifestation of enterprise commitment to design. It powerfully connects dots between Business, Technology and Operations, and accelerates the transformation process for customers. This is where the total Digital 360 journey can be approached, allowing for adoption in a gradual outcome based manner.

Intellect generates annual revenues of over USD 100 million, with product installations in over 200 financial institutions, across 30 countries. The company's performance is driven by over 3,000 Intellect solution architects, domain and technology experts, with a presence in major global financial hubs around the world.

For further information on the organization and its solutions, please visit http://www.intellectdesign.com/

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Chennai, India -- (ReleaseWire) -- 07/07/2015 -- Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, today announced that it has been acknowledged as a Global Pursuer for new named deals and a Global Player for combined deals in the Global Banking Platform Deals Survey 2014 by Forrester Research, Inc.

Forrester surveyed 32 vendors of globally and regionally deployed banking platforms about their 2014 deals in the April 2015 report titled 'Customer Experience In Banking Needs More Than Just Channels'. The results reveal the functional centres of gravity in this market and how financial services firms intend to deliver great customer experiences with off-the-shelf solutions.

The 2014 survey revealed differing levels of vendor success in terms of global sales, global reach, and homogeneity of product portfolios. Forrester sorted the participating vendors into the five levels of global vendor pyramid for new named deals and for combined deals. Intellect has been positioned as a "Global Pursuer" with 19 New Named deals in more than three regions of the world. Intellect has also been positioned as a "Global Player" with 32 Deals in more than three regions in the Combined Deals category.

Forrester reports that the need for digital transformation is stronger than ever before. To meet this need efficiently, financial services firms are increasingly focusing on off-the-shelf capabilities. Banks are using off-the-shelf banking platforms or parts of them for channel solutions (such as mobile, online, and omnichannel banking and portals), core banking, lending, payments, and treasury. Many banks are also combining off-the-shelf and custom-built solutions.

The Intellect design philosophy of enterprise wide digital transformation is a key differentiator in developing solutions for the transformative agendas of CXOs and CIOs, bringing the synergies of digital and transformation together. With substantial research, Intellect products embody requirements for successful digital strategies, driving holistic digital transformation in line with the company's vision of being a Simplified, Digital Organization providing Superior Customer Value.

"As banks and insurance companies embrace digital for competitive advantage, the common goal is to provide customers the same experience at every touch point. We believe that this recognition further reinforces our leadership amongst the top banking platforms in the world. We will continue to provide advanced digital experiences, supported by our customer-centric design philosophies." said Arun Jain, Chairman & Managing Director, Intellect Design Arena Limited.

About Intellect Design Arena Ltd.
Intellect Design Arena Ltd, a Polaris Group company, is the world's first full spectrum Banking and Insurance technology products company, across global consumer banking (iGCB), Central Banking, Risk & Treasury Management (iRTM), Global Transaction Banking (iGTB) and Insurance (Intellect SEEC).

The holistic adoption of Digital covers Digital OUTSIDE and Digital INSIDE. Built on iDigital, the Intellect Digital OUTSIDE proposition is anchored around Same experiences at all touch points, through a powerful Channel Renovation Platform (Canvas), and the Digital INSIDE proposition is anchored around Lean Operations, through an Operational Consolidation Platform (Hubs).

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 digital outcomes.

The FT 8012 Design Center, the world's first Design Center for financial technologies, is a physical manifestation of enterprise commitment to design. It powerfully connects dots between Business, Technology and Operations, and accelerates the transformation process for customers. This is where the total Digital 360 journey can be approached, allowing for adoption in a gradual outcome based manner.

Intellect generates annual revenues of over USD 100 million, with product installations in over 200 financial institutions, across 30 countries. The company's performance is driven by over 3,000 Intellect solution architects, domain and technology experts, with a presence in major global financial hubs around the word.

For further information on the organization and its solutions, please visit http://www.intellectdesign.com/

For Media related info, please contact:
Nachu Nagappan
Intellect Design Arena Ltd
Mob: +91 89396 19676
Email: nachu.nagappan@intellectdesign.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Powered by Intellect Banking Suite to fuel bank’s growth

Chennai, India -- (ReleaseWire) -- 06/09/2015 -- Polaris Kaisa, a joint initiative between Polaris Consulting & Services Ltd, a leader in digital transformation solutions & services and Kaisa Consulting, today announced that the Development Bank of the Philippines (DBP), one of the largest Government Financial Institutions (GFI) in the Philippines has chosen to implement Intellect Digital Core (Core Banking Solution) to transform its core banking operations.

The Development Bank of the Philippines, the country's premier development finance institution, has been a key player in nation-building by assisting critical industries and sectors, promoting entrepreneurship and contributing to the improvement of lives of Filipinos across the nation.

Polaris Consulting has joined with Kaisa Consulting, the leading IT strategy and implementation consultancy in Philippines to implement the Intellect banking suite for DBP.

DBP has chosen the solution packaged with an integrated set of products from the Digital-ready Intellect suite of products such as Digital Core (Core Banking Solution), Loans Origination & Loans Management System and end-to-end Trade Finance. The solutions will drive operational, technological implementation and support excellence at a very low Total Cost Ownership (TCO) for the Bank. The Digital Core solution, based on a powerful technology platform, coupled with a superior software design, will help DBP become the primary bank of every customer by redefining the overall customer experience.

Mr. Gil A. Buenaventura, President & Chief Executive Officer, Development Bank of Philippines, said, "The Development Bank of the Philippines is a key player in the nation's economy building initiatives. As a development financial institution we strive to assist in the building of productive communities and in promoting developmental activities taken up by individuals and organizations in the country. Polaris' proven domain expertise and its Core Banking solution will help us in achieving our agenda. I also believe that the solution would also provide us with the flexibility and robust scalability required to support our growth plans."

Mr. Carlos R. Villegas Jr., Managing Director, Kaisa Consulting Company, Inc. said, "We are honored to provide the infrastructure, the expertise and the technology to support DBP's noble mission of becoming a financial institution that serves as a catalyst for a progressive and more prosperous Philippines. We assure DBP and its customers that Kaisa will do its utmost to make the project a success."

Mr. Jitin Goyal, CEO and Executive Director, Polaris Consulting & Services Limited, said, "We are pleased that the Development Bank of the Philippines has chosen us and our Digital Core banking solution to assist them in their development agenda. This technology partnership with DBP comes at an opportune time as, in the current global economic scenario, banks worldwide are focusing on Digital Transformation for more stable annuity revenue with lower risks."

Speaking on the benefits of the Core Banking Solution, Mr. Jaideep Billa, CEO, Global Consumer Banking (iGCB), Intellect, stated, "The Digital Core Banking solution can help banks become the primary bank of every customer by redefining customer experience. The solution harmonizes the power of digital 360 with customer-centric architecture, ensuring same experience across at all touch points. Supporting the vision of the bank, this implementation will enable the bank to re-align their strategies to provide superior customer experience. With the Digital Core solution, the bank can achieve their ambition to embrace digital technologies through innovative banking products."

About Development Bank of the Philippines
Development Bank of the Philippines, the country's premier development financial institution, DBP has taken upon itself the strategic task of influencing and accelerating sustainable economic growth, through the provision of resources, for the continued well-being of the Filipino people.

The DBP, under its new charter, is classified as a development bank and may perform all other functions of a thrift bank. Its primary objective is to provide banking services principally to cater to the medium and long-term needs of agricultural and industrial enterprises with emphasis on small and medium-scale industries.

About Kaisa Consulting
Kaisa Consulting is a world-class provider of end-to-end technology-enabled business solutions through on-premise and offshore Business and Technology Consulting, Business and Technical Education and Global Delivery Services including transactional and transformational BPO, Application Development and ITO, and IT Consulting Resource Management.

For more details, please visit http://www.kaisa.com/

About Polaris Consulting and Services Ltd
Polaris Consulting & Services Ltd is an innovator in digital transformation, offering solutions that result in performance breakthroughs where incremental improvements are not sufficient. The goal of our Digital 360 approach is to simplify, digitize, and automate internal processes; while enabling seamless omni-channel access for our client's external ecosystem of customers, suppliers and partners. Polaris has specialized vertical practices in consumer and corporate banking, capital markets, and insurance.

For more details, please visit http://www.polarisft.com

For Media related info, please contact:
Nachu Nagappan
Polaris Consulting & Services Limted
Mob: +91 89396 19676
Email: nachu.nagappan@polarisFT.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Best Single Country Core Banking Implementation in the Middle East Best Single Country Core Banking Implementation in Africa Best Multi-Channel Implementation in the Middle East

Chennai, India -- (ReleaseWire) -- 06/01/2015 -- Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, has won three Technology Implementation awards for the year 2015 at The Asian Banker's 2nd Annual Middle East and Africa Awards. In the awards ceremony held at the Ritz Carlton, DIFC, Dubai, Intellect's Global Consumer Banking (iGCB) and Global Transaction Banking (iGTB) lines of businesses have won the "Best Single Country Core Banking Implementation" both in the Middle East & Africa and "Best Multi-Channel Implementation in the Middle East" awards respectively.

The prestigious Asian Banker Technology Implementation Awards recognise annual achievement and best practice in the implementation of technology in banking operations. Scrutinising the joint role of banks and their IT partners in the development and implementation of game-changing technology projects, the fiercely-competitive awards are judged by a panel of leading practitioners, independent advisors and an international panel of industry experts.

Intellect won 'Best Single Country Core Banking Implementation in the Middle East' for its implementation at NBAD, Egypt. Intellect replaced the bank's existing infrastructure with a Core Banking System, leveraging the latest technology to provide modern electronic banking services capable of addressing future client demands.

The 'Best Single Country Core Banking Implementation in Africa' was awarded to Intellect for implementation at Consolidated Bank of Kenya Limited (CBKL). CBKL required not only the replacement of its legacy solutions with a centralised core banking system furnished with a wide range of add-on functionalities, but needed this to be constructed in a scalable manner in order to ensure it could expand alongside the bank's future growth and operational requirements.

The implementation at Ahli Bank, won the 'Best Multi-Channel Implementation in the Middle East'. Seeking to offer banking services anytime and anywhere, the bank was in need of an advanced electronic offering, an issue addressed in the form of e-channel solutions, Retail Banking Exchange(RBX) and Corporate Banking Exchange (CBX). The solutions provided high level of flexibility for customisation, robust security features and multi-channel banking capabilities.

The key driver that enabled the transformation agenda of these banks is Intellect's digital design philosophy, Digital 360. Through its solutions, Intellect drives the holistic adoption of Digital OUTSIDE (the experience driver) and Digital INSIDE (the operational excellence enabler). The Intellect design philosophy ensures a dramatic shift from disjointed digital activities to strategically aligned digital outcomes. The Asian Banker Awards for the successful

implementation at NBAD, Eygpt Consolidated Bank of Kenya Limited and Ahli Bank are testimony to the efficacy of truly going digital.

"Helping banks go Digital is at the core of our strategy and these awards will encourage us to strive even harder to make our customers successful in their GO-Digital endeavors", said Jaideep Billa, CEO, iGCB, Intellect Design Arena Ltd. He added, "Digitalization to us means helping banks and financial institutions empower their customers to not just take informed decisions in real time but also to execute actions in real time and in the process opening up new revenue streams for banks. We will continue to innovate and bring to our customers superior Digital solutions built on our state-of-the-art Canvas and Hub technologies."

Manish Maakan, CEO, iGTB, Intellect Design Arena Ltd. agreed, saying "successful implementation of banking technology requires much more than innovative technology, important as that is. It calls for domain expertise and a deep understanding of how to develop, apply, refine and maintain such solutions in order to bolster banking infrastructure, support banks' strategic aims and ensure they're equipped to address fast-changing needs in this evolving economic and regulatory climate. We are proud of having set the bar for best practice in implementation and look forward to driving similar success across the regions and globally".

Over 50 financial institutions from countries across the Middle East and Africa were evaluated as part of the Technology Implementation Awards 2015. The banks and their vendor partners were honored at a glittering event that recognised their efforts in using the best technology to run their institutions and bring superior products and services to their customers.

About The Asian Banker
The Asian Banker is the region's most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Hong Kong, Beijing and Dubai as well as representatives in London, New York and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. For more information, please visit http://www.theasianbanker.com

About Intellect Design Arena Ltd.
Intellect Design Arena Ltd, a specialist in applying true Digital Technologies for Banking and Insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Risk & Treasury Management (iRTM), Global Transaction Banking (iGTB) and Insurance (Intellect SEEC).

The holistic adoption of Digital covers Digital OUTSIDE and Digital INSIDE. Built on iDigital, the Intellect Digital OUTSIDE proposition is anchored around the same experiences at all touch points, through a powerful Channel Renovation Platform (Canvas), and the Digital INSIDE proposition is anchored around Lean Operations, through an Operational Consolidation Platform (Hubs).

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 digital outcomes.

The FT 8012 Design Center, the world's first Design Center for financial technologies, is a physical manifestation of enterprise commitment to design. It powerfully connects dots between Business, Technology and Operations, and accelerates the transformation process for customers. This is where the total Digital 360 journey can be approached, allowing for adoption in a gradual outcome-based manner.

Intellect generates annual revenues of over USD 100 million, with product installations in over 200 financial institutions, across 30 countries. The company's performance is driven by over 3,000 Intellect solution architects, domain and technology experts, with a presence in major global financial hubs around the world. For further information on the organisation and its solutions, please visit http://www.intellectdesign.com/

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Lauded as the common innovator in Central Banks across 4 countries

Chennai, India -- (ReleaseWire) -- 05/21/2015 -- Intellect Design Arena Limited, a Specialist in applying true Digital Technologies across Banking & Insurance, won the inaugural and exclusive "Technology Provider of The Year" Award, instituted by Central Banking at a formal ceremony held in London. In a competitive category assessed by a panel with former senior central bankers from around the world, Intellect's Quantum Central Banking Solution (QCBS), successfully deployed across a diverse range of central banks, stood out as a clear differentiator.

Commenting on the award, Jaideep Billa, CEO, iGCB, Intellect Design Arena Limited, said "Central banks face the difficult task of maintaining stability in a fast-changing and turbulent economic environment, and QCBS enables them to implement their policies with greater speed and accuracy thanks to full automation, real-time visibility, automatic surplus and deficit management, and removal of manual reconciliation. Intellect QCBS – a robust and innovative solution, has proven and flexible business components under a single high-performance architecture that supports central banks with risk-free progressive modernisation. This award reinforces our commitment to transform and empower financial institutions at different stages of technology deployment."

Intellect has worked with central banks in countries as diverse as Ethiopia, the Seychelles, and most recently, Sweden. Intellect won a competitive tender process in 2014 to upgrade the Sveriges Riksbank's collateral management system. QCBS deploys a formidable array of advanced technology frameworks including Extreme Account Posting (XAP), Run Time Re Use (RTRU), and Look Ahead Processing (LAP) technologies.

Speaking at the award presentation held in London, Central Banking's editor, Christopher Jeffery, said "Intellect's value has been clearly demonstrated by their ongoing work with Sveriges Riksbank (the world's oldest central bank) and the Reserve Bank of India (RBI) in particular. Intellect's technology had a direct impact on the efficiency and effectiveness of the RBI's activities".

Representatives from Intellect were present at the ceremony, alongside with audience from Central Banks around the globe. Central Banking's annual awards recognise excellence in serving the central banking community and contribution to public service.

The Award is one of 15 established by Central Banking Publications, to recognise excellence in serving the central banking community and contribution to public service.

Drawing on 25 years of independent and informed reporting, analysis and comment, the Central Banking Awards were judged by a panel made up of the Central Banking Editorial Team and Editorial Advisory Board, comprising former senior central bankers from around the world.

To know more about the Central Banking Awards 2015:
- http://www.centralbanking.com/central-banking/news/2389654/the-winners-of-the-central-banking-awards-2015
- http://www.centralbanking.com/central-banking-journal/feature/2388604/technology-provider-of-the-year-polaris

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Lauded as 'Year's Credible Innovative Product' at TECHNOVITI 2015. Only enterprise social platform in fostering enterprise efficiency with integrated project management, knowledge management and employee engagement

Chennai, India -- (ReleaseWire) -- 05/12/2015 -- Intellect Design Arena Limited, the world's first full-spectrum banking and insurance products company for the digital age, won the 12th successive award for its innovative Enterprise Social Networking platform, Octopus. Intellect Octopus lauded as 'Year's Most Credible Innovative Product' at TECHNOVITI 2015. Octopus is the only enterprise platform which engages people and centralizes knowledge, management & processes resulting in an efficient enterprise. The highly successful social networking solution with over 10,000 users in the corporate environment acts as a catalyst for social networking that increases workplace productivity and accelerates business growth.

An annual event by Banking Frontiers & Greyhound Research, TECHNOVITI is a platform that recognizes and facilitates innovative products for enterprises. The award was presented by Rajesh Agarwal - IAS, Principal Secretary (IT), Govt. of Maharashtra to the Intellect team.

Octopus is an Enterprise Social Network platform with several social applications uniquely woven to foster collaboration, transparency and exchange of information at the workplace. Its functionality can be extended with modular apps to enable seamless social networking and collaboration within the organization. It provides functionalities, including public, private and team-based collaboration, with ability to disseminate information to the public, social team rooms and management, apart from tracking and maintaining an artifact repository for projects, customer accounts, pre-sales and business leaderships.

Commenting on the award, Shashi Mohan, CTO & CIO, Intellect Design Arena Ltd. said, "We are delighted to receive this award in recognition of our innovation in developing an Enterprise Social Network that will redefine how organizations function. For Octopus is a next generation social platform designed to eliminate the traditional emailing system. It enables an 'open kitchen' culture to engage, empower and encourage employees to centralize knowledge sharing, management & processes in real time with transparency within the enterprise. The key feature of the product are the 'social connectors', that enable the management to stay engaged with employees while ensuring there is central oversight on projects. Social networks have largely been outside the workplace, but thanks to Octopus, today it can be a reality within enterprises to unlock the power of collaborative networking."

A study conducted among Polaris and Intellect employees shows that, with Octopus, internal e-mail usage went down by 98% and the number of mailing groups went down by 100%. This is because Intellect has extended enterprise social collaboration to include project management activities such as collaboration in real time between teams spread across geographies. The 'social connectors' enable continuous engagement and documentation of projects; 'social team rooms' help disseminate information to team members; and newly recruited team members have access to all information- helping reduce ramp-up time with seamless and effective on-boarding.

Using Octopus, teams can manage project deliveries, customer related interactions, knowledge-sharing, online collaboration and employee engagements across the organization – a transformation that increases total enterprise productivity. Social networking, social learning, digital experiences and knowledge management tools based on an open cloud-based, mobile architecture make Octopus an innovation that will transform the way an enterprise operates in future.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm