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27 July, 2011 08:54 AM Source: TMC

Citizens Development Business Finance plc (CDB), a financial institution in Sri Lanka, has signed Polaris’ Intellect (News - Alert) Core Banking Solution (CBS), a comprehensive core-banking product with multi-currency, multi-branch and multi-banking capabilities to transform banking technology platform.Officials with Polaris said that the Intellect product suite supports a wide spectrum of banking operations ranging from basic core modules, general ledger, operational accounts, deposits, loans and advances, leasing, to other more specialized modules such as, pawning, debentures, securitisation, loan origination and analytics, audit trail and access control with single sign-on. Thanks to this application software, CDB hopes to increase its efficiency, performance, security and transparency of its day -to- day operations allowing its customers to enjoy a higher level of service.

“Intellect will support future growth plans of CDB in terms of business scaling, product depth and meeting ever evolving customer expectations,” said Mahesh Nanayakkara MD & CEO, CDB, in a statement .Imdaad Naguib AGM IT, CDB said that signing up with Intellect will pave the way for CDB to have the competitive edge over competition which is imperative for business growth.

Naguib said that Intellect will support the future growth plans of CDB in terms of business scaling, product depth and meeting ever evolving customer expectations.More...

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