PDCB selects Polaris to deploy Core Banking Solution

Palakkad District Cooperative Bank Ltd. (PDCB) has gone live with Polaris' highly scalable Intellect Core Banking Solution (CBS). PDCB chose Polaris Financial Technology to replace the bank's existing legacy system and to move towards a more proven cutting-edge technology. This solution empowers customers to avail services of the bank cutting across all branches by removing the dependency on home branch.

Polaris’ Intellect CBS is a functionally rich solution customized for the Palakkad District Cooperative Bank Ltd. The solution has replaced the bank’s existing legacy system and has transformed the entire range of banking operations from basic Core modules. This unique solution is perfectly suited to develop, modify and launch innovative products and services, thereby improving the go-to-market timeline in the region.

Commenting on the successful implementation, Jaideep Billa, Joint CEO – Consumer & Institutional Money Management, Polaris Financial Technology Ltd., said, “We believe that technology is the key to accelerate transformation. Our Intellect CBS, having been designed by bankers, proves to be a highly scalable core banking platform that caters to private, public and cooperative sector banks in the country.

Supporting the vision of the bank, this implementation enables them to move towards next- generation banking technology that provides them with a competitive service edge and faster go-to-market.”

The bank's customers will benefit from better banking facilities from this implementation, including parameterized product definition for fast time-to-market, dynamic launch of new products and fraud elimination and minimization without compromising system performance.