I agree with most of your points again. However the larger point I am making is it is not just Intellect that is doing this.
- AI without GenAI is a hard sell and limited in its full potential. Also the whole AI Agents and Agentic AI architecture gets its real power from GenAI capabilities.
- The whole set of capabilities of their platform are not that much differentiated in true sense as any banking entity wanting to adopt AI/GenAI or latest and greatest bells and whistles on AI Agents need all that (for e.g. observabilility, guardrails, governance, auditability, PII handling, secrets management and a whole lot more…think about “AI Control Plane” which is the new lexicon now a days).
- Just as they are selling bolt-on products, every other respectable vendor has similar modular architecture and bolt on capabilities. You can double check on BFSI related solutions and offerings from various leading vendors, check the case studies they publish and you will find a lot of similarity with what Intellect publishes
- No one is saying dont do R&D. Spend on R&D is required, but has to be looked into the context of business returns. Even traditional IT services including TCS, Infy and others are spending big on R&D. Just read the link I shared on TCS and the new AI capabilities they talk about, it is very similar to what Intellect claims on what their agents can do on underwriting, claims processing and more.
We are investors first, focused on making money on our investments. We are not here to be dazzled by latest and greatest tech glamour and buzz words.
Again not trying to pull down Intellect’s solutions and capabilities, nor trying to run down your thesis. Just want to expand the discussion to a wider perspective.
I will repeat what I said in my previous post - need to focus on how this platform is going to improve top line and bottom line (revenue model and profit model). I will rest my discussion, apologies if it comes across as agrresive.