Polaris Financial Technology sets up Intellect CBS in Nilambur Co-operative Urban Bank

Polaris Financial Technology has declared that Nilambur Co-operative Urban Bank (NCUB), one of Kerala's leading Urban Co-operative Banks and Kerala's first Urban bank to implement Core Banking, has gone live with Polaris’ highly scalable Intellect Core Banking Solution (CBS). NCUB chose Polaris Financial Technology, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, to replace the bank's existing legacy system and to move towards a more proven cutting edge technology.

The company' s Intellect CBS for co-operative banks will enable NCUB to offer various Deposit and Loan products such as Savings, Current, Fixed Term, NRE, Recurring Deposits and Business, Education, Gold, Home, Mortgage and Personal Loans. The bank's customers will benefit from better banking facilities from this implementation, including parameterized product definition for fast time-to-market, dynamic launch of new products and fraud elimination and minimization without compromising system performance.

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.