Saumya Behera’s Post

The launch of iGPX is a transformative moment in the public sector procurement industry. Crafted with 'First Principles' thinking and powered by Intellect's Purple Fabric AI platform, iGPX is set to redefine industry standards. Composed with eMACH.ai, iGPX exemplifies our commitment to deliver cutting-edge AI technology and drive real-world impact. It empowers governments to adapt seamlessly to regulatory changes, realise significant cost efficiencies, and bolster economic resilience and equitable growth. Click below to watch the video to learn more about iGPX. Arun Jain | Debanjan Kumar | Vikas Misra | Sunil Rajvanshi | Manish Nahar | Ambadas Choudhari | Debal Dutt | Saumya Behera | Mahesh Jakhetiya #Intellect #eMACHAI #FirstPrinciplesThinking #iGPX #iDTC #GovernmentProcurment #OpenFinancePlatform #AI #PurpleFabric

Our LTM Q3FY24 results are out! 📈 Yet another quarter of growth as we continue making an impact across the globe with our revolutionary emach.ai architecture helping banks shape better customer experiences while driving cost efficiencies. 💼 Dive in for our performance highlights: https://lnkd.in/dY7btV5E #Intellect #eMACHai #QuarterlyResults #Q3FY24

In December, Unified Payment Interface (UPI) transactions in India reached new heights, recording a value of Rs 18.23 trillion and a volume of 12.02 billion. This marked a 5% increase in value and a 7% increase in volume compared to the previous month, November. For the entire year of 2023, UPI transactions achieved record-breaking numbers, with a cumulative volume of 117.6 billion transactions and a total value of Rs 183 trillion. These figures reflected substantial growth, showing a 59% increase in volume and a 45% increase in value compared to the previous year, 2022. The data indicates the continued popularity and widespread adoption of UPI as a preferred digital payment method in India. CXOTVDailyNews / #CXOTVnews Read the full news article at: https://lnkd.in/ebcQeYRE #upi #finance #fintech #bfsi #financialservices #transactions #digitalpayments #digitaltransformation #innovation #technology #growth #payments #financialservices

'Global #1' ranking in the key banking technology categories at IBS 2024! These awards are a testament to our commitment to delivering innovative digital experiences for banks and financial institutions worldwide. Interested in learning more about the awards? Stay tuned! #iGCB #Recognition #IBSIntelligence #eMACHai #IntellectDigitalCore #iKredit360 #DigitalBanking

eMACH.ai, the most comprehensive, composable and intelligent open finance platform, has been the driving force behind Intellect’s success in IBSi Sales League Table 2024. We registered a remarkable record-breaking achievement of being ranked #1 in three of its banking offerings in different categories -- Retail Core Banking for the sixth consecutive year, Transaction Banking for the fifth consecutive year, and Lending for the third consecutive year. Intellect also secured #2 positions in 8 other financial technology categories and retained #3 ranking in “global leadership for geographic spread” for the fourth year in a row.  This recognition by IBS Intelligence validates our strategic focus on eMACH.ai and its potential to transform the financial services industry.  As we continue to advance our technology and expand our capabilities, our goal remains to empower financial institutions worldwide to achieve sustainable growth and success through innovative and intelligent solutions. Read More: https://lnkd.in/dp3ZJxXh #Intellect #eMACHai #FirstPrinciplesThinking #Award #Banking #Fintech #GlobalRanking #API #Microservices

Meet our esteemed panelists at MindsKonnect India 2024. In our roundtable session, "UPI: Going Beyond the Obvious," they'll explore the revolutionary impact of UPI on digital payments. This session will provide a comprehensive look at how UPI continues to transform the financial landscape. Join us as our industry experts share forward-thinking insights, offering valuable perspectives on the future of UPI and its broader implications for digital transactions, providing a deeper understanding of the evolving UPI ecosystem. #MindsKonnect #UPI #Panelists #MindsKonnectIndia #MindgateSolutions

“Stocks broker hit by technical glitch” Dear LinkedIn #community, In recent months, the frequency of technical glitches in brokering apps has become a growing concern, impacting retail investors and their hard-earned money. In India alone, with over 3,61,63,393 active demat accounts, the top 10 stock broker firms hold a significant 80% market share. When these giants face technical issues, it directly affects a massive chunk of retail investors. Notable brokers like Zerodha, Groww, and Upstox have faced technical hiccups, leaving us with a crucial question: What happens if retail investors suffer due to these glitches? Who bears the responsibility, and how can they be compensated? As responsible investors, here are a few considerations: we can do a screen recording and screenshot as proof. Let's open the floor for discussion. How can we collectively address this issue and ensure the protection of retail investors? Your insights and suggestions are valuable as we work towards a more secure and transparent financial market. Follow me for such valuable content. #finance #linkedin #investmentbanking

Are you eager to explore the strategies and benefits of transforming procurement in Financial Services? 🤔 Join industry experts from Mastercard and Synchrony in a session moderated by HCLTech's Baskaran (Baskar) Subramaniam. The experts will talk about: - Elevating the role of procurement in financial services - The impact of data and AI in revolutionizing procurement - The recipe for success in transforming procurement's role in financial services Don't miss this insightful discussion! Register here: https://lnkd.in/daQWmtAz #sourcingandprocurement #categorymanagement #banking #digitalbanking Srinivasan Seshadri

Banking innovation hub Scoutz elevates customer experience for FinServ companies.🚀 Scoutz, the Danish banking joint venture, is breaking barriers with their new approach to enhancing the development of customer experience for the finance industry. With tech professionals from four of the major players in Danish banking sector including BEC Financial Technologies, Nykredit, Spar Nord and Arbejdernes Landsbank, Scoutz has created a cutting-edge environment for the development of finance IT. Leveraging Salesforce’s front-line position in Enterprise AI, Scoutz is bringing Salesforce tech solutions faster to Danish banks. - We’re thrilled to see the appetite for improved customer experience from the banking industry, and Scoutz being sought after by the Danish Finance industry! At Salesforce, we believe in being Trailblazers, those who confidently strive to innovate. This is something Scoutz embodies in the FinServ industry. It makes me excited for what the future holds! Says Jan Simonsen, Country General Manager, Salesforce Denmark. Read more in FinansWatch’s article below. #SalesforceDK #EnterpriseAI #AskMoreofAI

LIVE TODAY AT 3 PM Join us for a knowledge session to deep dive into Credit line on UPI: Opting for the Right Tech Strategy to Innovate, Scale & Perform Register: https://lnkd.in/gCzJhK5u   In today's dynamic financial landscape, staying ahead of the curve is essential. The implementation of a credit line on UPI is a powerful financial service that requires the right technology stack to deliver innovative loan offers seamlessly scale operations as the business grows and drives performance. With the right tech infrastructure, financial institutions and fintech companies can provide users with an accessible and convenient credit option while maintaining the integrity of the UPI platform.   Our speakers: GPJ Gupta, President- Head of Business Solution Groups, Kotak Mahindra Bank Sajish Pillai, MD & Head - Assets & Strategic Alliances, Consumer Banking Group DBS Bank India Rama Raju, Director, Pennant Technologies Private Limited Shashank Shekhar, Co-founder & Head of consulting, The Digital Fifth    Will cover the following key points during the session:   1.    Optionality of Product variants to drive Credit Lines on UPI 2.    The importance of a long-term vision when selecting the right tech stack 3.    Technology Architecture for Business Enablement 4.    Factors for Selection of the right back-end stack 5.    Driving business benefits through building the right value chain   Join us for an enlightening knowledge session on how the right technology strategy can help financial institutions streamline their Credit line on UPI operations and make it future-ready. Save your spot now: https://lnkd.in/gCzJhK5u Live today at 3! Sameer Singh Jaini Vikrant Kulkarni Parth Prajapati Deepak Sai #UPIEvolution #TechStack #Webinar #BusinessGrowth #FutureReady #Innovation #Fintech #UPIPayments #DigitalBanking #FinancialInnovation #TechSolutions #BusinessEmpowerment #FutureTech #TechStrategy #DigitalTransformation #FinanceIndustry #TechInsights #UPIRevolution #CreditSolutions #DigitalPayments #FinancialT