Expense Management

Expense Management

October 31, 2012

Polaris Launches App Store for Transaction Banking

Polaris Financial Technology Ltd, a global financial technology company, has launched Intellect (News - Alert) CBX 4.0 FT App Store.

The new offering is designed for Global Transaction Banking (GTB), and enables banks to deliver role-based transaction banking workstations across multiple channels including mobile, tablets and online to their corporate & institutional customers in the form of widgets and work spaces.

Company officials also pointed out that the widgets are customizable, self-contained business services are context aware, and enforce entitlements. Also, the solution does not require banks to invest heavily in portal technologies since the widgets can exist in simple application server containers.  Intellect CBX 4.0 FT App Store runs on revolutionary CBX technology - a secure multi-channel solution for PC and non-PC devices. It helps improve operational efficiency and supports channel convergence strategies across customer segments and lines of businesses.

The solution also offers a shift from “Write once, run many” to “Configure Once, Run Anywhere” technology - which knocks out historical pain points of channel technologies by providing a single source solution for all end points viz. web, tablets and smartphones. In addition, it is built on industry standard J2EE framework with highly parameterized and component based design for better scalability and to assure low cost and easy integration with bank systems. Uppili Srinivasan, head, intellect global transaction banking, Polaris Financial Technology said, “Polaris’ complexity reduction philosophy is not limited to only application design, but is also extended to application roll outs. CBX technologies help banks develop and offer their services much like the applications that one finds in App Stores of mobile and tablet players. Business and IT groups of the banks would be enormously empowered to create solutions without the burden of time-consuming and risk-prone traditional roll outs.”

 “We are confident that our FT App Store would help large banks accelerate their modernization and convergence initiatives in a cost effective manner and more importantly, with innovation as the key,” Srinivasan said.

Edited by Stefania Viscusi

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