Finance & Capital Market

Intellect launches new wealth management solution

Intellect Design Arena, a specialist in banking and insurance digital technologies, has launched RM office 2020 for wealth managers in UAE, Saudi Arabia and Oman, its marquee product from its suite of digital wealth management, the Wealth Qube.

Having been tested as a controlled release in multiple countries, the RM (Relationship Manager) Office 2020 is now being released for all banks and financial institutes across the three key geographies of Asia-Pacific, GCC and India.

Intellect Design Arena works with financial institutions such as Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Bank of Bahrain and Kuwait and few more leading financial institutions in the region for its transaction banking and consumer banking products.

Wealth Qube will enable private and retail banks, wealth and asset management firms, advisory firms, broker-dealers, trusts and IFAs to service various client segments from UHNI to mass market, households and institutions in the UAE, Oman and Saudi Arabia.

RM Office, an integral component of Wealth Qube, is a fully integrated platform designed to empower the Relationship Managers.  Built on a design framework of 6 offices, 23 desks and 136 tools, Wealth Qube allows the full digitalization of target operating model for relationship centric, one-stop digital wealth management business.

Jaideep Billa, president, Wealth Management, Intellect Design Arena said: “Wealth Qube -2020 gets its 2020 moniker from its promise to deliver 20% growth every year with 20% reduction in Business operating costs.”

“This solution has already been well tested out in the market with our early launch customers in 6 countries namely Singapore, Malaysia, Thailand, Philippines, India and the UAE. We now hope to deliver the same advantage of these early movers to other institutions.

“With rapidly growing prosperity across the world and anaemic interest rates, we are seeing that Wealth will be the fastest growing business for banks and financial institutions. We are excited to work with our customers to help create leaders in wealth,” Billa added. – TradeArabia News Service