-IDC Financial Insights today announced the winners of the 2016 IDC Financial Insights FinTech Rankings Real Results Awards. The second annual awards recognize IT providers that have enabled real, measurable, and future-enabling change at a client financial institution (bank, insurance company, or capital markets firm) in the global financial services market. Intellect Design Arena Ltd. was named the #1 Overall winner for implementation of its Core Banking System (CBS) at Bangladesh-based Sonali Bank. The bank needed to move to a real-time banking platform to enable enhanced functionality and customer experience. As a result of the Intellect CBS implementation, the bank reports that it can now create new products in a tenth of the time it used to take, is experiencing a customer growth rate of 35%, and has grown its assets by 20%. To learn more about the awards, please visit HERE. Follow us on twitter @IDC.
Nominees were judged by a panel of Research Directors from IDC Financial Insights, as well as executives from top-tier banks, including Alliance Bank Malaysia, Citibank, and Credit Suisse. In addition to the #1 Overall winner, IDC Financial Insights FinTech Rankings Real Results named winners in five categories including:
"This year's Real Results program has proven that the number and quality of case studies that demonstrate real and measurable benefits with the implementation of technology hasn't slowed down," said Jerry Silva, research director, Global Banking Research at IDC Financial Insights. "We congratulate Intellect Design Arena and all of the winners this year for their continued success in helping banks achieve quantifiable success."
Nominations for the annual awards will open in May 2017. The IDC Financial Insights FinTech Rankings Real Results Awards are a complement to the annual IDC Financial Insights FinTech Rankings Top 100 and Enterprise Top 25. Now in its 13th year, IDC recently announced the 2016 winners. View the full list HERE.
For additional information about the IDC Financial Insights FinTech Rankings Real Results Awards, please contact Sarah Murray at 781-378-2674 or email@example.com.