How Intelligent Is Intellect Banking?

Banking sector has become highly competitive. Banks are forced to offer new and highly personalized products and services. Intellect banking satisfies customer expectations in terms of pricing, product innovation, delivery channels and services. Intellect banking also provides the opportunity of banking- anytime and anywhere. Intellect Banking is a modern and proven enterprise platform (Banking Software) that meets the needs of retail, corporate and investment banking. It enables boundary less banking across business units, geographies and technologies. Web-enabled, multi-currency and multi-lingual.

Intellect Banking gives banks the capability to service markets in diverse geographies and cultures in a multi-channel context. Intellect Banking provides a relationship view of a customer across all products. This empowers front line staff to offer superior service and increase cross-selling opportunities. Intellect banking also integrates easily with legacy applications, overcoming the limitations of complex silo-based information systems. Its flexibility allows for ‘on-the-fly’ changes in process orchestration, resulting in better response times to new customer demands.

Intellect banking has the ability to track global limits for effective for effective risk management and also it provides a greater perspective for effective relationship management.

For the techie geeks who want to know the highlights of Intellect Banking, here it is: Intellect Banking is service oriented architecture. It is based on J2EE technology. It has nonstop 24×7 banking with real time availability. It also allows for browser based consistent relationship view through multi channel integration. Internet Banking allows for end to end information security through single sign- on. Risk control through credit exposure tracking, know your customer and fraud early warning available for safe transactions.

Straight through process (STP) for automated transaction processing from initiation to execution makes the process as smooth as silk. It also contains parameterized product definition for fast tome to market. So what are the key business objectives of this banking system? Intellect banking empowers front line staff to provide superior customer service and enhance cross selling opportunities. It also speeds up time to market of new products and services as competitive advantage. It also delves into improving operational efficiency to reduce costs as well as improve customer service.