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Polaris launches banking platform for Latin American market

Built on SOA technology, Intellect 10.0 integrates with the existing eco-system of products, applications and infrastructure

By CBR Staff Writer

Polaris Software Lab, a provider of financial technology, has launched its banking platform Global Universal Banking – Intellect 10.0 for the Latin American market.

Polaris has said that Intellect 10.0 is a banking platform that can co-exist with legacy systems as well as support the road-map for future modernization. It has better inter-operability and can integrate with the existing eco-system of products, applications and infrastructure, overcoming the limitations of complex monolithic systems and is complete with business process management, security and integration services.

According to the company, Intellect 10.0 spans business processes across retail, private and corporate banking, capital markets and asset management. The application has been built using SOA technology.

Kartik Kaushik, CEO of Polaris Americas, said: Core banking has become hygiene now. Intellect 10.0 enables a host of services on top of conventional core banking. Intellect 10.0 puts the customer at the center of the banking universe vis-a-vis conventional core banking that puts technology at the center of banking.

Today, when banks are undergoing structural changes and seeing a significant shift in customer profiles, Intellect 10.0 will play a critical role in addressing the changing DNA of banks and ushering in an era of boundary-less banking. Polaris has identified Latin America as an integral growth market for its expansion strategy.

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