26 September 2017
Find out more

India's Polaris Software signs Lloyds TSB to Intellect Suite

22 November 2005  |  3663 views  |  0 Source: Polaris Software

Polaris Software Lab, Ltd. (MUMBAI: POLS.BO), a leading global provider of banking, insurance and financial technology solutions and strategic offshore IT services today announced the initiation of a new relationship with Lloyds TSB, one of the most prestigious high street banks in UK.

Lloyds TSB Bank has selected INTELLECT SUITE as the banking solution for part of its International Cash Management Offering. The initial project revolves around the requirements for Sweeping (Cash Concentration) where the bank plans to roll out an automated solution to replace current processes. With the addition of this prestigious relationship, Polaris has now established the Intellect Suite footprint across UK, Germany and Benelux within a short span of two years.

Commenting on this new relationship, Ernie Battey, Director Corporate Transaction Services (CTS), Lloyds TSB Bank, said, "We are pleased to be working with Polaris on this project to improve customer service and product flexibility for our customers. We will be working closely together over the coming months to deliver the benefits to the Bank."

Speaking on the occasion, Arun Jain, Chairman and CEO, Polaris Software Lab Ltd said, "It is a privilege to be associated with such a prestigious name like Lloyds TSB Bank. We are delighted to be able to assist Lloyds TSB to add new services to their customers and are committed to delivering to the expectations of Lloyds TSB Bank."

Commenting on this new win, Bikash Mathur, EVP and Business Head EMEA, Polaris Software Lab, said, "Intellect Suite was chosen for its Modular architecture and the unique ability to enable inter-operability across the bank's current systems and the new systems that the bank is adding. This is yet another re-confirmation of our strategy for Tier-1 banks."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
12128 views comments | 16 tweets | 30 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8814 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7529 views 2 | 10 tweets | 1 linkedin
German central bank flags DLT weaknessesGerman central bank flags DLT weaknesses
7247 views comments | 17 tweets | 19 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job