Polaris Software Lab gains on launching ‘Intellect CBX 3.0’

Polaris Software Lab is currently trading at Rs. 129.00, up by 1.85 points or 1.45% from its previous closing of Rs. 127.15 on the BSE.

The scrip opened at Rs. 128.95 and has touched a high and low of Rs. 129.60 and Rs. 128.10 respectively. So far 2,828 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 213.90 on 13-Apr-2011 and a 52 week low of Rs. 115.00 on 06-Sep-2011.

Last one week high and low of the scrip stood at Rs. 135.50 and Rs. 122.40 respectively. The current market cap of the company is Rs. 1281.00 crore.

The promoters holding in the company stood at 29.00% while Institutions and Non-Institutions held 40.46% and 30.54% respectively.

Polaris Software Lab (Polaris), a leading financial technology company, has launched Intellect Customer Business eXchange (CBX) 3.0 at Sibos 2011 in Toronto. Intellect CBX 3.0 is a widget based integrated, agile and informed decision-making solution which provides superior multi channel customer experience delivery. Designed for the Global Transaction Banking (GTB) platform, the latest version of Intellect CBX 3.0 will provide banks with an architecture that will enable them to add new products with ease. Its frictionless ability to integrate with the back-end product processors would allow banks to offer more products per customer.

As part of its Banking 3.0 agenda, Polaris identified the need to drive revenue through the use of 'addictive technologies'. Built on the industry standard J2EE framework with highly parameterized and component based design, Intellect CBX 3.0 offers better scalability and easy integration with existing systems in the bank as well as corporate ERP systems.

Intellect CBX 3.0 can deliver superior user experience and increased productivity owing to its configurable dashboards in the form of role-based 'widgets' which correspond to business sub-verticals and encourage contextualized and effective action, offering superior work canvases. Some of the key features of the solution include - contextual relevance, business relevance and simplicity and convenience.

Intellect CBX 3.0 is the most evolved avatar of the Polaris CBX model that has undergone continuous reinvention and re-engineering. The first version of Intellect CBX 1.0 was launched in SIBOS 2009, offering the most comprehensive products across the wholesale banking spectrum from trade finance, cash management, treasury, commercial lending, commercial cards, securities services and payments with built-in shared business services like collateral management, limit monitoring, payment governance, analytics layer and a powerful unified portal. Intellect CBX 2.0 was launched in 2011 as a highly modular and flexible platform that enabled banks and financial institutions offer products online as a point solution or offer a complete range as an integrated or unified portal.

Sibos is the world’s premier financial services event. Every year Sibos brings together influential leaders from financial institutions, market infrastructures, multinational corporations and technology partners to do business and shape the future of the financial industry. Sibos 2011 was held from 19-23 September.

Polaris Software Lab is one of India’s leading institutions contributing to the knowledge economy of the global financial services marketplace. The company offers Intellect Suite of Products namely intellect cards, intellect front office, intellect universal banking, intellect consumer finance, intellect cash and liquidity, intellect risk and treasury, intellect portals, intellect wealth management and intellect securities services.