Intellect Design Arena partners with BRI for digital transformation

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Team Infinities:
Intellect Design Arena Limited, NSE Symbol:INTELLECT, BSE Script Code: 538835, confirmed that its recent WealthQube Win in Indonesia is for bank BRI. Intellect’s wealth platform, WealthQube, will underpin the Digital Transformation of Wealth Management at PT Bank Rakyat Indonesia (BRI). Founded in 1895, BRI is not only the oldest but one of the largest banks in Indonesia. It serves 30 million retail clients through its over 4,000 branches, units and rural service posts. Intellect Wealth Qube has been designed to deliver the 2020 Advantage- i.e., 20% increases in Relationship Manager (RM) productivity and 20% reduction in business operating costs year-on-year. By increasing the sales productivity and lowering the operating costs, Intellect allows financial institutions to serve a larger market size. It does so by fully empowering RM to service the customer at the convenience of the customer. An empowered RM is Intellect’s promise. Given the dynamic and personalised nature of the wealth business the key technology thrust for Intellect Wealth has been to allow each institution to maintain its competitive edge by allowing them to compose their own solutions. This win further reinforces the superiority of the API-centric design of WealthQube- Intellect’s comprehensive wealth platform. Wealth Qube is designed around a set of 136 Tools whose capabilities can be leveraged through APIs. The solution is built around 6 Offices- catering to various roles in a wealth business-which are further supported by 23 Desks and 136 Tools. Wealth Qube is a complete solution the needs of Wealth Managers and Private Bankers. The Tool based architecture of Wealth Qube coupled with its API- first design allows for many advantages. The first of these being to provide the financial institutions an ability to retain their competitive advantage by selectively upgrading the tools. The second one being the ability to preserve their investments in the earlier systems, as the up-gradation can be done at the tool level. Yet another significant advantage is the ability to compose one’s own business solutions based on the selection of your tools. President, Wealth Management, Intellect Design Arena, Jaideep Billa said, “This win further reinforces Intellects position as a partner of choice for financial institutions in Asia and the Middle East. With implementations in Singapore, Thailand, Malaysia, Philippines, India and Saudi Arabia, we have a very deep understanding of this market. The superiority of our offering is established by the fact that we won this deal against a very competitive line up of Swiss providers. Hardhearted out of Singapore, we are committed to provide a competitive edge to our customers in Asia and the Middle East.

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