Second time in a row, IBS Sales League Table 2018 ranks Intellect as a leader in Global Retail banking and Payments systems category

Intellect Design Arena Ltd, a specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, has been ranked No. 1 for Retail Banking Systems and Payments Systems in the world by IBS Intelligence in their IBS Annual Sales League Table 2018.

IBS Intelligence is the definitive source of independent news, analysis & research relating to global financial technology markets.

IBS SLT 2018 placed Intellect as the largest selling retail banking and payments systems for the second time in a row in their Annual Sales League Table 2018. The annual Sales League Table from IBS is a report that has been globally acknowledged as the benchmark for sales activity of various banking solutions.

Commenting on Intellect’s performance, IBS said, “Two systems of Intellect Design Arena –Intellect Digital Core and Intellect Payments – took leadership position for the second time in a row in the IBS’ Sales League Table 2018 in the Retail Banking Systems and Payments Systems categories, respectively. Intellect Design also took runners up position in the Lending Systems and Domestic Leaders – Suppliers category.”

Intellect was also ranked #3 for Digital Banking & Channels and ranked #4 for Investment Fund Management Systems.

Commenting on the ranking, Arun Jain, Chairman & Managing Director, Intellect Design Arena Limited said, “We are delighted to be acknowledged No. 1 in Retail Banking and Payments Systems in the world by IBS in the Sales League Table for 2018 for the second time in a row. This recognition comes as a reiteration of the truly digital technology we have been building for clients who rely on Intellect. We believe in enabling a 360 degree transformational journey and thank our clients for entrusting the very core of their business functionalities upon us.”

IBS SLT 2018 reports that the conventional back office systems such as retails banking systems, treasury, lending, wealth management and the universal banking systems remain the heart of the banking systems and the demand for these systems is expected to continue in the near future.