Polaris Launches Intellect CBX 3.0 at SIBOS

CHENNAI, India, September 26, 2011 -

Polaris Software (POLS.BO), a leading Financial Technology Company, announced the launch of Intellect^[TM] 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.

Work Canvases:

Intellect CBX3.0 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 key features include:

• Contextual Relevance: Helps knowing options before executing a transaction
• Business Relevance: An intuitive front-end platform giving instant access to multi bank cash concentration, cash forecasting and real time consolidated view of accounts
• Simplicity and Convenience: Helps schedule, modify a payment anytime with smart data entry fields

Banking 3.0:

Even today, financial institutions continue to grapple with the challenge of progressive modernization. However, there is gradual realisation that ‘progressive modernization’ cannot be addressed at one go as it is a phenomenon of ‘continuous migration’. The new era of Banking 3.0 focuses on superior customer experience through the use of customer-centric innovative solutions to form a unique brand perception. To deal with these phenomena, Banking 3.0 will have ease of Usage, Change, Integration with Customer Systems, Integration with Banking Product processors, Implementing Regulatory Policies and Risk Prevention and detection algorithms.

Speaking at the launch, Mr. Arun Jain, Chairman & CEO, Polaris Software Lab Ltd., said, “Our latest offering, Intellect CBX 3.0 is built on unparalleled depth of domain knowledge, a strong belief in the advantages of Service Oriented Architecture and demonstrated outcomes for the primary purpose of expanding a bank’s ability to generate more transaction and fee based income. To provide a unique and superior banking experience, banks and financial institutions can utilize CBX and provide customers with a single entry into the complete suite of products and services. This secure and robust framework will undeniably revolutionize the new era of Banking 3.0.”

For further info, contact:

Dwaipayan Deb (+91-9962536442, dwaipayan.d@polarisft.com)

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