Polaris Software has announced that Citizens Development Business Finance plc has signed Polaris' Intellect Core Banking Solution (CBS), a comprehensive core-banking product with multi-currency, multi-branch and multi-banking capabilities to transform their banking technology platform.
The Intellect product suite supports a wide spectrum of banking operations ranging from basic Core modules, General Ledger, Operational Accounts, Deposits, Loans and Advances, Leasing, Counter Operations, Remittances, to other more specialized modules such as, Pawning, Debentures, Securitization, Loan Origination, Integration Middleware, MIS and Analytics, Audit Trail and Access Control with Single Sign-on.
CDB opted for Intellect CBS because its advanced technology offers high performance whilst enabling it to have a highly configurable functionality which ensures that minimal customization is required as most of the current and future requirements including business process changes, can be fulfilled using configuration. This, together with its around-the-clock real-time accessibility and availability and the fact that it is web enabled, will allow the Bank to rapidly realize its growth and expansion plans.
