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CDB opts for Polaris Software’s Intellect(TM) Core Banking Solution

Polaris Consulting & Services Ltd. | IT - Software | IT & ITES | BSE: 532254 | NSE: POLARIS

04 Jul 2011 Evaluate

Citizens Development Business Finance plc (CDB), a leading financial institution in Sri Lanka, has signed Polaris Software Lab's Intellect(TM) Core Banking Solution (CBS). The solution is 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.

This well developed application software will enable CDB to increase its efficiency, performance, security and transparency of its day-to-day operations allowing its customers to enjoy a higher level of service. Intellect CBS will also facilitate smooth integration to different initiatives and provide a platform for ensuring risk control through its various processes.

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.

Polaris Software is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. The company owns the largest set of Intellectual Properties in the form of a comprehensive product suite, intellectual global universal banking (GUB) 10.0. Intellectual is the first play SOA based application suite for Retail, Corporate, Investment banking and Insurance.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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CDB opts for Polaris Software’s Intellect(TM) Core Banking Solution

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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