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.