Sri Lanka based CDB goes live with Polaris' Intellect Core Banking Solution

13 Mar 2013

Polaris Financial Technology has declared that Citizens Development Business Finance PLC (CDB), one of the major Non-Banking Financial Institutions in Sri Lanka, has gone live with Polaris’ state of the art Intellect Core Banking Solution (CBS). Intellect’s CBS implementation in Sri Lanka designed to handle non-banking finance solutions, Polaris’ highly scalable core banking solution for emerging markets has paved the way for CDB to have a competitive edge over competitors, which is essential for steady business growth.

Intellect CBS enables 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. The Intellect software has facilitated smooth integration with other systems and has provided a platform for ensuring risk control through its various processes and controls.

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.

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