{"id":994346,"date":"2020-12-12T09:00:00","date_gmt":"2020-12-12T09:00:00","guid":{"rendered":"https:\/\/intellectdesign\/?p=994346"},"modified":"2025-12-17T11:22:17","modified_gmt":"2025-12-17T11:22:17","slug":"intellect-wealth-with-mas-apix-platform-announced-winners-for-most-innovative-api-open-banking-project-at-the-ibsi-global-fintech-innovation-awards-2020","status":"publish","type":"post","link":"https:\/\/www.intellectdesign.com\/intellect-wealth-with-mas-apix-platform-announced-winners-for-most-innovative-api-open-banking-project-at-the-ibsi-global-fintech-innovation-awards-2020\/","title":{"rendered":"Intellect Wealth with MAS\u2019 APIX platform announced winners for Most Innovative API\/Open Banking Project at the IBSI Global Fintech Innovation Awards 2020"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"994346\" class=\"elementor elementor-994346\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1fde0e1 e-flex e-con-boxed e-con e-parent\" data-id=\"1fde0e1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ddb7b9 elementor-widget elementor-widget-text-editor\" data-id=\"6ddb7b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Singapore\/Chennai (India), 23rd December, 2020:<\/strong>\u00a0Intellect Design Arena Ltd, a cloud-native, future-readyIBS multi-product FinTech company for the world\u2019s leading financial and insurance clients, today announced that its wealth platform \u2013 Wealth Qube\u00ae has been recognised for its initiative along with Monetary Authority of Singapore\u2019s API marketplace \u2013 APIX, as the Most Innovative Project in the API\/Open Banking Category, at the 2nd edition of the IBS Intelligence Global FinTech Innovation Awards 2020.<\/p><p>Intellect\u2019s digital wealth suite, the Wealth Qube\u00ae, is an API-first platform that promises to increase the productivity of relationship managers and make accessible new market segments to the financial institutions. Given the dynamic and personalised nature of the wealth business, the key technology thrust for Intellect Wealth has been to allow each institution to maintain its competitive edge by allowing them to compose their own solutions.<\/p><p>This award further establishes the superiority of the API-centric design of the comprehensive wealth platform. Wealth Qube\u00ae is designed around a set of 136 Tools whose capabilities can be leveraged through APIs. The solution is built around 6 Offices \u2013 catering to various roles in a wealth business \u2013 which are further supported by 23 Desks and 136 Tools. Wealth Qube\u00ae is a complete solution serving the needs of Wealth Managers and Private Bankers.<\/p><p>The tool based architecture of Wealth Qube\u00ae coupled with its API-first design allows for many advantages. The first of these being to provide the financial institutions an ability to retain their competitive advantage by selectively upgradig the tools. The second one being the ability to preserve their investments in the earlier systems, as the up-gradation can be done at the tool level. Yet another significant advantage is the abilty to compose one\u2019s own business solutions based on the selection of your tools.<\/p><p>The awarded initiative involved activating the wealth suite APIs on one of the world\u2019s most stringent regulatory markets supported marketplace \u2013 Monetary Authority of Singapore\u2019s APIX \u2013 API Exchange. The APIX marketplace, strategically situated in Singapore, Asia\u2019s investment hub, was set up to help in fast-tracking the objective of enabling co-creation, easy accessibility of advanced digital capabilities, accelerating innovation, and faster go-to-market, in a secure environment.<\/p><p>The IBSI Innovation Awards 2020 seeks to identify and honour technology players and Banks\/FIs for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. The submissions were assessed based on several factors such as Program Complexity, Program Governance, Best Practices &amp; Tools Adopted, Originality &amp; Simplicity, Adaptability of the concept, Innovation Excellence, and Customer Impact.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Singapore\/Chennai (India), 23rd December, 2020:\u00a0Intellect Design Arena Ltd, a cloud-native, future-readyIBS multi-product FinTech company for the world\u2019s leading financial and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-994346","post","type-post","status-publish","format-standard","hentry","category-analyst-recognitions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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