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October 10, 2011

Polaris launches Intellect CBX 3.0 for Global Transaction Banking platform

Features intuitive front-end platform giving access to multi bank cash concentration, cash forecasting and real time consolidated view of accounts

By CBR Staff Writer

Financial Technology Company Polaris has launched Intellect Customer Business eXchange (CBX) 3.0 designed for the Global Transaction Banking (GTB) platform.

Intellect CBX 3.0 is a widget-based, integrated, agile and informed decision-making offering which provides superior multi-channel customer experience delivery. Polaris said the Intellect CBX 3.0 will provide banks with an architecture that will enable them to add new products with ease and the frictionless ability of Intellect CBX 3.0 to integrate with the back-end product processors would allow banks to offer more products per customer.

Intellect CBX 3.0 is built on the industry standard J2EE framework with highly parameterised and component-based design to offer better scalability and easy integration with existing systems in the bank as well as corporate ERP systems, said the company.

The new offering helps in knowing options before executing a transaction and schedule, modify a payment (or any event) anytime with smart data entry fields.

Intellect CBX 3.0 features an intuitive front-end platform giving instant access to multi bank cash concentration, cash forecasting and real time consolidated view of accounts.

Polaris chairman & CEO Arun Jain said Intellect CBX 3.0 is built on deep domain knowledge, a strong belief in the advantages of Service Oriented Architecture and demonstrated outcomes for the primary purpose of expanding a bank’s ability to generate more transaction and fee based income.

"To provide a unique and superior banking experience, banks and financial institutions can utilize CBX and provide customers with a single entry into the complete suite of products and services. This secure and robust framework will undeniably revolutionize the new era of Banking 3.0," added Jain.

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