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May 12, 2009

Saigon Hanoi Bank selects Polaris Intellect 10.0 platform

The new platform comprises lending, trade, treasury and portal functionalities

By CBR Staff Writer

Saigon Hanoi Bank, a commercial bank in Vietnam, has selected Global Universal Banking – Intellect 10.0 platform from Polaris Software Lab, a provider of financial technology.

Leveraging its intellect accelerator implementation methodology, Polaris will deploy a complete universal banking system comprising core, lending, trade, treasury and portal functionalities of Intellect 10.0 at Saigon Hanoi Bank.

Arun Jain, chairman and CEO of Polaris Software, said: Global Universal Banking – Intellect 10.0 platform is an industrial strength banking platform encapsulating two decades of learning and working with the leaders in the banking and financial services industry. It has unmatched inter-operability and can easily integrate with the existing eco-system of products, applications and infrastructure, overcoming the limitations of complex monolithic systems. Intellect 10.0 offers the best price-to-performance proposition to banks and financial institutions.

Do Hien, chairman of Saigon Hanoi Bank, said: Several factors make Intellect 10.0 a compelling technology investment for Saigon Hanoi Bank. The solution is Vietnam market ready and can service customers across retail, SME, commercial and corporate segments. It provides a single view of the customer and enables tracking of global limits for effective risk management. We believe implementation of Intellect 10.0 will enhance our global competitiveness. We look forward to a sustained partnership with Polaris, a technology specialist with growing prominence in our country.

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