Polaris Launches Global Universal Banking in Latin America

5 May 2009

We are happy to share that Polaris is launching Global Universal Banking (GUB) - Intellect 10.0 today at Santiago, Chile. Intellect 10.0 is a unique banking platform that spans across Retail, Private and Corporate Banking, Capital Markets and Asset Management and can co-exist with legacy systems as well as support the road-map for future modernization.

Kartik Kaushik, Head Polaris Americas, said, “Intellect 10.0 puts the customer at the center of the banking universe vis-à-vis conventional core banking that puts technology at the center of banking. Today, when banks are undergoing structural changes and seeing a significant shift in customer profiles, Intellect 10.0 will play a critical role in addressing the changing DNA of banks and ushering in an era of boundary-less banking. Polaris has identified Latin America as an integral growth market for its expansion strategy. The Chile center would serve as the hub for Polaris' Latin American operations.”

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