Polaris strengthens tech backbone of Vietnam bank

CHENNAI, INDIA: Saigon Hanoi Bank, a leading commercial banks in Vietnam has selected Polaris’ Global Universal Banking platform (Intellect 10.0) to be the technology enabler for its growth journey.

Now Polaris will deploy a complete Universal Banking System comprising Core, Lending, Trade, Treasury and Portal functionalities of Intellect 10.0 at Saigon Hanoi Bank (SHB), said a press release.

“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,.” observed Do Quang Hien, chairman, SHB.

“It provides a single view of the customer and enables tracking of global limits for effective risk management. We believe implementation of Intellect 10.0 will enhance our global competitiveness. We look forward to a sustained partnership with Polaris, a technology specialist with growing prominence in our country”.

Vietnam is coming up as an important hub for Polaris. Supriyo Sircar, CEO, Polaris Asia Pacific, said, “Vietnam is a growth market for Polaris’ next-generation solutions. For the first time, such a comprehensive solution has been built using SOA technology. We have a successful track record of having implemented this solution in one of Vietnam’s State-owned banks.

He said Intellect 10.0 would enable SHB to rapidly launch new products for its emerging lines of business and offer enhanced customer relationship management.

Saigon - Hanoi Commercial Joint Stock Bank (SHB), has more than 60 offices nation wide, with more than 1.5 million customers that include approximately one million individuals and 700 corporate customers.