Saigon Hanoi Bank, Vietnam Selects Polaris' Intellect GUB to Launch Operations in Cambodia...Intellect CBS, Lending, Trade Finance and Treasury Functionalities to Support the Banks Operations
Polaris Financial Technology Limited announced that SHB, one of the leading private sector banks in Vietnam & Winner of the Asian Banker Award 2011, has once again chosen Polaris' IntellectTM GUB suite for the launch of its operations in Cambodia.

CHENNAI, INDIA, February 17, 2012 /24-7PressRelease/ -- Polaris Financial Technology Ltd. (POLS.BO), a leading global Financial Technology Company today announced that Saigon Hanoi Bank (SHB), one of the leading private sector banks in Vietnam and Winner of the Asian Banker Award 2011 for 'Best Core Banking Implementation for Small-Sized Banks', has once again chosen Polaris' IntellectTM Global Universal Banking (GUB) suite for the launch of its operations in Cambodia.

The banking industry in Cambodia is emerging, providing the banks a tremendous business opportunity to capture the market. By starting operations in Cambodia, SHB is expanding its business beyond Vietnam for the first time. Intellect with its rich features and flexibility would enable SHB to establish its footprint beyond Vietnam helping it become an International bank.

From the Intellect Global Universal Banking suite, the bank chose Intellect Core Banking Solution, Intellect Lending, Intellect Trade Finance and Intellect Treasury functionalities to support the banks operations in the respective areas. The bank was able to aggressively grow in Vietnam after the successful implementation of Intellect Global Universal Banking in August 2010 and thus hopes to derive similar benefits from Intellect for its operations in Cambodia.

Speaking on the occasion, Mr. Nguyen Van Le, CEO, Saigon Hanoi Bank said, "Intellect offers functional rich capabilities that would enable SHB to handle traditional banking products in a more integrated and efficient manner across the enterprise. It would also give the bank a global view of customer accounts and relationships, and provide updated information on accounts and transactions. From an operations standpoint, Intellect would enable the bank to move from a time intensive operation where data was input manually, to one that automates various functions and operational requirements. Streamlining the business workflow - from front-end teller operations to the back office - would result in productivity gains within the bank. The solution would also provide the bank with the flexibility and robust scalability that it requires to support its aggressive growth plans."

Mr. Supriyo Sircar, Head - Asia Pacific, Polaris Financial Technology Ltd. said, "This installation would enable Polaris to expand its footprint to a new country. We stand committed to Vietnam and the surrounding countries to deliver added value to our customers. We have established a solid partner and sales network in Vietnam and we feel delighted to be a partner of SHB in their growth journey."

Intellect Core Banking Solution, a complete banking system addressing the needs of the banking industry combines cutting edge technology with an easily deployable architecture to cater to the industry's diverse requirements. It offers a very flexible and comprehensive product setup module for Transactionary Products like Current Account and Savings Account, allowing the bank to setup products in various flavors.

Intellect Lending, a modular loan servicing system supports features such as centralized credit line monitoring, collateral management, repayment and automated delinquency tracking, offering a superior customer experience to businesses such as mortgage, consumer loans and commercial loans.

Intellect Trade solution is a web-based workflow driven trade finance platform for processing a comprehensive range of trade finance instruments.

Intellect Treasury meets the banks treasury requirements in the areas of fixed income, forex, money markets, derivatives and risk management, enabling treasury to cover different time zones and centralize operations and financial reporting to ensure economies of scale and availability of holistic management information.

Press Release Contact Information:

Dwaipayan Deb
Polaris Software Lab Ltd.
Assistant Manager
244 Polaris House, Anna Salai
Chennai, Tamil Nadu
India 600006
Voice: +919962536442
Website: Visit Our Website