Polaris to offer 'Intellect 10.0' to Saigon Hanoi Bank

Software service provider Polaris Software today said it has joined hands with Vietnam-based Saigon Hanoi Bank for offering Intellect 10.0 Universal Banking platform.      

With this association, Polaris would deploy a complete universal banking system comprising of core, lending, trade, treasury and Portal functionalities of Intellect 10.0 at Saigon Hanoi Bank, Polaris said in a filing to the Bombay Stock Exchange (BSE).      

"Global Universal Banking — Intellect 10.0 platform is an 'industrial strength' banking platform encapsulating two decades of learning and working with the leaders in the Banking and Financial Services industry.      

"It has unmatched inter-operability and can easily integrate with the existing eco-system of products, applications and infrastructure. Intellect 10.0 offers the best price-to-performance proposition to banks and financial institutions," Polaris Software Chairman and CEO Arun Jain said.      

"Several factors make Intellect 10.0 a compelling technology investment for SHB.  The solution is Vietnam market ready and can service customers across retail, SME, commercial and corporate segments. We believe implementation of Intellect 10.0 will enhance our global competitiveness", SHB Chairman Do Quang Hien said.      

Polaris Software already inked a similar deal with Vietnam's state-owned bank Mekong Housing Bank for offering Intellect 787 Global Banking platform in 2007.      

Shares of the company were trading at Rs 74.30 down by 1.00 per cent in the BSE.