Polaris Financial Technology, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, has declared that Mashreq, one of UAE's leading financial institutions, has gone live with Polaris’ revolutionary Intellect Global Transaction Banking (GTB) platform. The integrated cash management platform, complete with portal and backend modules, will enable the Bank to offer its customers’ transaction banking services on a single platform in multiple countries in the Region.
With Polaris’ multi-country and multi-currency enabled Intellect GTB solution, Mashreq can offer new products such as liquidity and trade via a unified portal. The solution facilitates a global transaction banking implementation on a single instance of the application, improving the Bank’s ability to scale up transaction banking operations by three times their current capacity.
Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.