Polaris implements Intellect Treasury solution

CHENNAI: Polaris Software Labs' Intellect Treasury solution has been chosen by a leading financial services company for its risk treasury business in Europe.

According to the press release, the risk treasury group of the renowned global conglomerate was seeking solutions to replace a globally run 20-year-old legacy system in eight locations simultaneously along with needs for multi-location trading and a centralized treasury.

Polaris' solution offering is built around the Intellect Suite and the SmartBuild approach.

The SmartBuild approach enabled the customization of the base components to fully meet the customer's requirements. Thus it answered the 'build vs. buy' dilemma in situations where customers need form-fitting solutions with minimal efforts on development and customization.

Commenting on the successful implementation, Polaris' new business head for US and Europe, Kartik Kaushik said, ”In this close selection, the client found our solution more flexible and suitable to their needs, considering the complexity in operations and uniqueness in the bank's processes. The ability to have all the key elements from deal booking, pricing, blotter to risk numbers and analytics on one screen was a winning value-add. From a technology perspective, the SmartBuild concept reduces the dependency of the bank on a proprietary product vendor, thus making the Polaris proposition very attractive on an ongoing basis”.