Intellect Design, a specialist in enabling true Digital Transformations across Banking & Insurance, is glad to reveal that it has been identified as a champion in Gartner’s Magic Quadrant for Global Retail Core Banking (GRCB). Gartner ranked Intellect in the leaders’ quadrant for the sixth consecutive year. Intellect was judged on the ability to execute and completeness of vision of its projects.
President & CEO, Global Consumer Banking, Intellect Design Arena Ltd., Jaideep Billa, commented on the event saying that as one amongst the youngest retail core banking product vendors in Gartner’s Magic Quadrant to be recognized as a Leader for the 6th consecutive year, the company believes that this recognition restates their ability to supply huge, scalable technology for continuous functioning of financial institutions worldwide. The aggressive customer-centric design philosophy has improved the engineering of agile holistic digital solutions, with full lifecycle enablement and industry-leading performance assurances.
Gartner believes that leaders in the GRCB market tend to possess a high-order market understanding —which means that they make it their business to monitor market trends, funneling progressive innovation into their product road maps. Around half of this group either holds software development quality certifications (such as CMMI) or is pursuing them. Without exception, the Leaders are constantly "thinking small" or targeting component-based architecture as a gateway to providing increased accessibility to the granular functionality that banks need to drive the basis for differentiation.
As of now Intellect Design share price is trading at a fall of 0.13% at Rs. 195.
The stock opened at Rs. 195.75 against its previous closing at Rs. 195.25 and touched the day’s high and low at Rs. 196.40 and Rs. 193.15.
Intellect Design share price touched its 52 week high at Rs. 302.45 on 2Rd Nov ’15 while the 52 week low is seen at Rs. 148.65 on 8th Sept ’15. The company has a market cap amounting to Rs. 1973.20 (Cr) with a book value of Rs. 61.27.
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